Recent investigations have exposed how unlicensed gambling depends on payment infrastructure. Fortris markets a crypto version of many of the same essential functions.
Fortris connects its crypto processing to payment-orchestration and merchant-payment ecosystems. The integrations expand reach—and the due-diligence perimeter.
A source alleges that Fortris processes payment flows for offshore betting companies serving U.S. customers outside licensed state markets.
Klarna applied to Utah and federal regulators to establish an FDIC-insured US industrial bank that would bring more payments, credit and merchant operations in-house if approved.
Trace Finance has raised a $32 million Series A led by CoinFund to expand its regulated cross-border payments, FX and settlement infrastructure.
Ripple joined Flutterwave’s Series E as the companies outlined plans to add RLUSD settlement and XRP Ledger clearing to African payment flows.
Rain opened its native rewards layer to eligible card-program partners, bringing loyalty configuration, onchain points and redemption into its issuing stack.
ACI Worldwide joined the European Payments Initiative as a technical service provider and plans to add Wero to its orchestration platform.