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Showing posts with the label regulatory approval

Fiserv Strikes Deal to Acquire Brazilian Fintech Money Money

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Source: Fiserv Fiserv , the US-based payments and financial-technology group, has signed a definitive agreement to purchase Money Money Serviços Financeiros , a São Paulo fintech that finances small and medium-sized businesse s (SMBs) through Brazil’ s central-bank receivables registry. Terms were not disclosed, and the transaction is expected to close in the second quarter of 2025, subject to regulatory approval. Brazilian push builds on Clover launch The acquisition is designed to accelerate the roll-out of Fiserv’s Clover point-of-sale ecosystem in Latin America’s largest economy. By folding Money Money’s lending engine into Clover, Fiserv aims to offer Brazilian merchants an integrated package of payments, business-management tools and working-capital advances, a combination it believes will strengthen merchant loyalty and open new revenue streams. Fiserv only introduced Clover in Brazil in December, making the country the thirteenth market for its cloud-base...

XRP to trade at this price if spot EFT is approved, according to AI 

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The Securities and Exchange Commission (SEC) is expected to rule on multiple applications for spot XRP exchange-traded funds (ETFs). If approved, this regulatory decision could mark a major shift in how investors access XRP, potentially driving a price surge. To this end, the SEC has until mid-October 2025 to approve or reject these ETF proposals. Notable filings include Grayscale’s application to convert its XRP Trust into a spot ETF and submissions from 21Shares and Bitwise. However, depending on the review process, a decision could come as early as mid-April 2025. These applications have emerged despite the ongoing legal battle between the SEC and Ripple. Still, the XRP community remains optimistic, believing approval odds have improved under the cryptocurrency-friendly regulatory environment. Picks for you Here's the 'only way...