March 13, 2019
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Gyft opened its doors in 2012 with a focus on transforming plastic gift cards into their much more convenient--and transferable--digital equivalents. Now, it's turned its attention to the gaming industry that rewards players with points, rewards, credits and coins. But when players want to cash out, gamers and others need to avoid high transaction costs, as CEO Vinny Lingham told Sarah Perez of Techcrunch.
OCBC bank launched four open APIs that allow developers to integrate bank products and services with third party apps and programs. The move marks one of the first Southeast Asian banks to open an API. The launch is in line with broader government initiatives to develop FinTech sector development.
Global payments company Mastercard has announced that it will be opening up its internal blockchain API to developers. According to the company, the API, which is focused on B2B transactions, "Mastercard’s blockchain solution provides a new way for consumers, businesses and banks to transact."