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Revolut applies for bank charter in the US

TechCrunch

These accounts let a company send and receive international payments more easily. The company recently announced that it was applying for a banking license in the U.K., In Europe, Revolut has a specialized license from the Bank of Lithuania — some customers are already moving their account to Revolut Bank. In the U.S.,

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Revolut reports first full year of profit

TechCrunch

While Revolut has yet to obtain a banking license in the U.K. its home country), the company now has a full banking license in Lithuania. It can use this license across the European Economic Area through passporting rules , which means that Revolut could be considered as a bank in Europe.

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Locals share why Vilnius, Lithuania is becoming an international startup hub

TechCrunch

There are plenty of reasons why Vilnius, Lithuania’s capital city, has an increasingly visible startup sector. No reason to slow down as more international talent is moving to Vilnius from other EU and Asian countries. Lithuania is now fourth in the global fintech ranking after the U,S,, the U,K, and Singapore.

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Elon Musk’s Twitter (now X): Everything you need to know, from layoffs to verification

TechCrunch

Our data licensing and API with X is an incredible business. It added that, unlike its competitors TikTok and Instagram, Twitter hasn’t struck a music licensing deal for the use of copyrighted music. The operational run rate right now… we’re pretty close to break even.” “Our Our new subscription business [is] growing,” Yaccarino said.

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Americans still believe they live in a compassionate country, report shows

Fast Company Tech

As the granddaughter of immigrants from Lithuania and Poland who spoke little English, I understand what its like to be treated as a stranger in America. government for Presidents Bill Clinton and Barack Obama on international conflict resolution, I have learned that compassion is a key ingredient of peacemaking.

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ChatGPT: Everything you need to know about the AI-powered chatbot

TechCrunch

August 1, 2023 China requires AI apps to obtain an administrative license Multiple generative AI apps have been removed from Apple’s China App Store ahead of the country’s latest generative AI regulations that are set to take effect August 15. “As Apple is developing AI tools to challenge OpenAI, Google and others.

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