Why fintech Is Trending Today?

The Federal Reserve is exploring the creation of 'skinny' master accounts, a streamlined version of traditional accounts, for crypto banks and fintech companies. This proposal, championed by Fed Governor Waller, aims to open up payment rails to these innovators, potentially redefining crypto's banking future and benefiting projects like Ripple's RLUSD and XRP. The Fed is considering this move on an expedited timeline.

Ripple, a leading blockchain company, has expanded its presence in Bahrain, announcing plans to host tokenized funds on the XRP Ledger using RLUSD, its stablecoin. The company aims to bring Ripple USD (RLUSD) and custody solutions to Bahraini institutions, deepening its commitment to the Middle East. Ripple has partnered with Bahrain Fintech Bay, a leading fintech hub, to boost blockchain innovation in the Gulf region and develop blockchain and payment solutions. The partnership may also bring XRP, Ripple's native cryptocurrency, into focus.

Ahmet Kaplan, a tennis player, reached the Wimbledon semi-finals, while G-Knot named Wes Kaplan as its CEO to launch the first finger vein biometric wallet.