Bitcoin
$ 31,949
Ethereum
$ 1,180.9
Litecoin
$ 137.84

Industry Giants Plan to Launch Accounts Checking Project

Internet giant, Google is planning to offer checking accounts through a partnership with financial giant, Citigroup and lender Stanford Federal Credit Union.

Join the fastest growing network on Telegram

The Wall Street Journal reported the news on Wednesday, saying that the three firms are working on a project called Cache, which is expected to launch next year.

Anand Selva, head of U.S. consumer banking at Citigroup, said that partnerships like the one with Google would let the bank grow beyond physical branches. “We have to be where our customers are.”

Caesar Sengupta, general manager and VP of payments at Google, told the WSJ that the search giant wants to bring value to consumers, banks and merchants, with the offering. It could include loyalty programs, for instance.

Already, big tech companies are increasingly pushing into finance. Facebook, along with 20 other companies, is working on the Libra stablecoin project. In August, Apple rolled out a credit card in partnership with Goldman Sachs.

Related Posts

Leave a Reply

Newsletter

Subscribe To Newsletter

For updates and exclusive offers, enter your e-mail below.

Popular Posts

Cryptocurrency Providers In Singapore Will Now Face Regulation Under MAS
January 21, 2021By
US Federal Regulator Allows Banks to Issue or Use Stablecoins for Payments
January 21, 2021By
IOTA Co-founder Schiener Considers Partnership and Bridge to Cardano
January 21, 2021By

Advertisement

Video Posts

In
Africa Digital Finance Summit 2021
January 20, 20210
In
Promoting Blockchain Adoption in Africa
January 19, 20210

Crypto Stats


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin31,949 3.27 % 7.63 % 18.56 %
Ethereum1,180.9 1.77 % 9.63 % 2.96 %
Tether1.000 0.13 % 0.08 % 0.37 %
Polkadot16.64 2.20 % 1.25 % 15.61 %
XRP0.2710 1.18 % 8.39 % 8.45 %
Cardano0.3283 2.67 % 9.82 % 5.85 %
Litecoin137.84 3.06 % 3.34 % 9.45 %
Bitcoin Cash423.60 1.62 % 11.95 % 19.68 %
Chainlink19.74 1.84 % 6.36 % 11.38 %
Binance Coin39.81 1.12 % 4.41 % 4.68 %