Rapyd, a “fintech-as-a-service” Provider, to Acquire Iceland-based Valitor, Which Develops in-store and Online Payments Technologies, for $100m: Icelandbased Valitor 100mfaridi Crowdfundinsider

Icelandbased Valitor 100mfaridi Crowdfundinsider, which develops in-store and online payments technologies, has been acquired by Rapyd for $100 million.

Rapyd is in the business of fintech as a service. It currently offers a cryptocurrency wallet so consumers can send , receive, and hold cryptocurrencies. The company has a partnership with Ripple, which uses XRP as the backbone of its technology.

The $100 million takeover bid was made under a newly formed subsidiary of Rapyd called Valitor Acquisition Sub, which was created for the purpose of acquiring Valitor from DX Capital. DX Capital will remain as special servicer until the transaction is closed.

Rapyd’s cryptocurrency wallet powers transactions with other wallets, exchanges, and merchant payment processing networks in real-time. Payment processing through Rapyd is also processed offline. The company has over 100,000 registered customers in more than 50 countries.

Valitor’s payment technologies and solutions enable customers to manage the payment process, such as issuing cards, managing accounts, and completing secure transactions across the contactless payment network. The company’s flagship product is the Valitor Mobile Payment Solution (VMPS). VMPS manages contactless payments on mobile devices.

It’s an established fact that cryptocurrencies will play a bigger role in the future of payment technology. With this acquisition, Rapyd intends to use the Valitor brand to continue growing its cryptocurrency payments processing business globally.

Russia’s central bank is against cryptocurrency regulations (112news Russia Cryptocurrency Regulation) [ARTICLE START] The Russian central bank is against cryptocurrencies being regulated by the government as they are still not recognized as a legal tender.and receive money from anywhere in the world at zero cost. The company believes that it is facilitating the new digital economy without forcing consumers to spend time to figure out how they can bank or invest their cash with options that are difficult to truly assess or understand. In addition, the company believes that it is not difficult to get lost with things like the volatility of cryptocurrencies, which is the main reason why most ICOs are banned.

Russia’s central bank has no intention to regulate cryptocurrencies, despite their rapid growth in popularity. The country will neither follow other countries by setting up a regulatory framework nor ban them outright.

The only thing that is becoming clear after years of talking about cryptocurrency regulation is that they are not going to be regulated in Russia and they will not be regulated by governments.

Cryptocurrencies are becoming so popular and “mainstream” that they’re no longer just an alternative to fiat currency.

The Central Bank of Russia (CBR) has said it won’t be regulating or banning digital currencies or ICOs, but it will be monitoring them, according to a banking protocol issued by the Russian financial regulator, by the end of this year. The bank believes that the proliferation of ICOs can lead to a number of problems including money laundering, fraud and cyberattacks so is concerned about these issues.

Cryptocurrencies are becoming so popular and “mainstream” that they’re no longer just an alternative to fiat currency. They are being used as a utility as well, such as in Russia where Megafon and Samsung have partnered with a blockchain platform, Waves, for faster billing. So it’s not just about being able to transact with other people who use the same digital tokens, but also pay for extra services.

The report published by the CBR states that cryptocurrency is not as unregulated as many people think. Many market-related activities, such as trading, circulation and payments are already covered by existing laws and regulations.

16th March 2018, the authority of Japan’s (FSA) securities regulator has released a list of 16 companies including 11 crypto exchanges that have been granted licenses to legally operate in the country.