article thumbnail

Bitcoin Daily: US Sanctions Two Russians For Alleged $16.8M+ Crypto Theft; Bahamas' Sand Dollar To Launch; Kraken Gets Go-Ahead For Wyoming Bank Charter

PYMNTS

Those who have the currency will have the capacity to conduct company or peer-to-peer transactions with their cell phones, and they reportedly will not have to be online to do so, after the technology is in operation.

Wyoming 138
article thumbnail

Avanti Plans Real-Time Settlement Solution For Corporate Treasurers

PYMNTS

Avanti Financial Group said in a press release that it has received permission from the Wyoming Division of Banking to begin operating in the state as a bank as early as October and plans to offer a real-time settlement solution for corporate treasurers. Avanti made its Wyoming intentions clear in February.

Wyoming 153
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Revolut Likely To Apply For US Bank Charter

PYMNTS

billion as of a funding round from last February, and the company is one of the new kinds of financial institutions operating in the digital realms and seeking to become a traditional institution. Revolut's bank charter will be with California, but it will allow the bank to operate anywhere in the U.S., Revolut is valued at $5.5

article thumbnail

Bitcoin Daily: CoinZoom Crypto Exchange Debuts Visa Debit Card; Wave Financial To Offer Kentucky Bourbon Tokens As Investment

PYMNTS

.” And, Avanti Financial Group, which is said to be the first company to publicize its application to be a Wyoming special purpose depository institution (SPDI), is bringing five new executive hires on board who will also serve as co-founders, CoinDesk reported.

Kentucky 200
article thumbnail

Western Union Enables In-App Donations For US Customers

PYMNTS

Restoring Family Links, which helps reconnect family members separated by crisis, conflict and migration, has been in operation for almost 150 years. We are grateful to have a partner that shares our mission of connecting loved ones,” said Gino Greco, Red Cross regional CEO for Colorado and Wyoming. “We

Wyoming 134
article thumbnail

DOE: Cyberattack Interrupted US Electrical Services

PYMNTS

The Department of Energy (DOE) has confirmed that a distributed denial-of-service attack (DDoS) perpetrated against an energy company caused “interruptions of electrical system operations,” according to a report. The affected power company provides electricity to Los Angeles, Salt Lake County in Utah and Converse County in Wyoming.

article thumbnail

Pentagon’s Vendor Payments Eyed In Bipartisan Bill

PYMNTS

The publication said Wednesday (May 23) that Senator Ben Cardin of Maryland and Senator Mike Enzi of Wyoming introduced their bill earlier in the week that would require the DoD to pay small business contractors, as well as large contractors with small subcontractors, within 15 days of receiving an invoice whenever possible.

Wyoming 100