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Archive · June 23, 2026

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Story 01

Anchorage Digital Unveils Tokenized Deposit Platform for 24/7 Bank Settlement

Anchorage Digital has launched a tokenized deposit platform, allowing banks to issue and manage tokenized deposits on blockchain networks without replacing their legacy systems. Anchorage's move enables banks to offer round-the-clock settlement, directly challenging traditional batch-based clearing. Core banking providers now compete with blockchain-native infrastructure, and banks gain a route to programmable money. U.S. regulators may soon clarify how tokenized deposits fit within existing banking rules as more institutions pilot these rails.

Source: PYMNTS
Also Worth Knowing
№02

Austrian Banks Expand Wero Wallet, Targeting Card Network Reliance in Europe

Austria’s major banking groups have joined the European Payments Initiative, extending the Wero wallet’s reach across the continent. By promoting account-to-account payments, the initiative aims to reduce reliance on Visa and Mastercard and improve cross-border payment efficiency. European banks now have a stronger collective alternative to global card schemes, which could lower merchant transaction costs and shift consumer payment habits. The next phase will test whether large retailers and e-commerce platforms integrate Wero at checkout, influencing adoption rates across the EU.

Source: Finextra
№03

Bank of England Lifts Stablecoin Holding Limits, Opening Door for Institutional Adoption

The Bank of England has removed provisional limits on GBP stablecoin holdings after industry pushback, signaling a more open stance toward stablecoin integration. Financial institutions can now hold and use GBP stablecoins more freely, which could accelerate their use in payments, treasury management, and cross-border settlement. UK banks and fintechs may launch new GBP stablecoin products and pilot international transfers using these assets, testing market appetite for blockchain-based settlement.

Source: Finextra
№04

Meta Invests $900M in Cred, Hires Founder to Lead WhatsApp Financial Services

Meta has invested $900 million in India’s Cred, valuing the fintech at $4.5 billion, and appointed Cred’s founder to oversee WhatsApp’s financial services. This move positions WhatsApp as a direct competitor to Indian fintechs and banks in payments and lending, leveraging Meta’s user base and Cred’s local expertise. Indian regulators may scrutinize Meta’s compliance with Reserve Bank of India guidelines on data localization, digital lending, and payment system access as the company expands its financial footprint.

Source: PYMNTS
№05

MoonPay Acquires Entendre to Automate Back-Office Finance With AI

MoonPay has acquired Entendre, an AI-powered finance operations startup, to automate and streamline its back-office processes. By integrating Entendre’s technology, MoonPay aims to scale efficiently and reduce operational costs as crypto payment volumes grow. Competing fintechs may accelerate their own AI adoption to keep pace on cost control and compliance, and further acquisitions of AI startups by payments firms are likely as automation becomes a competitive differentiator.

Source: The Block
The Long Memory
“The first credit card transaction took place in 1950 at a New York City restaurant, launching the Diners Club card and the modern card payments era.

Filed under: Payments History · The Long Memory

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