Daily brief
May 5, 2025
5 stories curated for this day.
- Binance and the Kyrgyz Republic signed a Memorandum of Understanding (MoU) to collaborate on developing the country's cryptocurrency market. Sources: thepaypers (opens in a new tab) , finextra (opens in a new tab)
- PayPal launched a contactless mobile wallet service in Germany. Sources: finextra (opens in a new tab) , thepaypers (opens in a new tab)
- Egyptian fintech MoneyFellows raised $13 million to expand its digital money circles platform. Sources: finextra (opens in a new tab)
- Revolut plans to launch mobile phone service in the UK and Germany, while Octopus-backed Fern is separately exploring a UK mobile virtual network operator. Sources: thepaypers (opens in a new tab)
- Circle reportedly declined an acquisition offer from Ripple valued at up to $5 billion. Sources: thepaypers (opens in a new tab)