At the moment in Crypto: FIS Companions With Fireblocks to Provide Crypto Investments; Binance CEO Praises France as ‘Professional-Crypto’ – PYMNTS.com

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FIS, the processing and payments company, is partnering with crypto custody firm Fireblocks to offer FIS clients crypto investments, Bloomberg reported Wednesday.

This will help cut down on concerns associated with security and regulations from institutional investors who are trying to get into crypto.

Over 6,000 capital market clients of FIS will now be able to move, store and issue digital assets on Fireblocks, according to a statement.

Clients will also have access to the Fireblocks network, connecting users to numerous exchanges and tokens, and will be able to use decentralized finance apps for trading, lending and staking.

Meanwhile, Changpeng Zhao, Binance’s CEO, has kind words for France about its “pro-crypto” regulations, Reuters reported Wednesday (April 13).

This comes as Binance is looking to make Paris its European base.

“France has some very pro-business, pro-crypto regulations and also just [the] government’s attitude towards this industry … has been phenomenal,” he said, according to the report.

Zhao wants to get Binance registered with the French markets regulator, AMF, as a digital asset service provider.

Last year, over a dozen national regulators, including ones in Germany, Italy and Britain, warned about Binance, though. They said it was operating without a license, and others added that there should be cautions about using its services.

Finally, over 200 longtime Wikipedia editors have said they want the Wikimedia Foundation to stop accepting crypto donations, Ars Technica wrote Wednesday.

That comes as the foundation has gotten donations of around $130,000 in the most recent fiscal year.

That comes out to less than 0.1% of the foundation’s revenue.

One user, GorillaWarfare, whose real name is Molly White and who is “something of an anti-cryptocurrency activist” according to the report, cited the risk behind crypto and said they shouldn’t “be endorsing their use in this way.”

She added that bitcoin and Ethereum’s high use of energy was another point against them in her estimation.

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NEW PYMNTS DATA: THE FUTURE OF BUSINESS PAYABLES INNOVATION STUDY – APRIL 2022

About: While over half of SMBs believe that an all-in-one payment platform can save them time and improve visibility into cash flows, 56% believe that the solution could be difficult to integrate with existing AP and AR systems. The Future Of Business Payables Innovation Report, a PYMNTS and Plastiq collaboration, surveyed 500 SMBs with revenues between $500,000 and $100 million to explore how all-in-one solutions can exceed SMBs’ expectations and help future-proof their businesses.


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