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Techhub News reports that Southeast Asia's super app Grab has acquired the lending business of the buy-now-pay-later platform Atome for $1.5 billion. Grab had previously invested $1.2 billion in building its own credit capabilities, and this acquisition aims to accelerate its financial services strategy. Atome's lending engine will help Grab expand its consumer credit and small business loan offerings. (Tech in Asia)
Techub News, according to Cointelegraph, Banco de Crédito del Perú (BCP) has launched a cryptocurrency pilot platform named "Cryptococos" authorized by the national regulatory authority, becoming the first bank in the country to offer compliant cryptocurrency services. It allows specific clients to purchase and hold Bitcoin and USDC under BitGo's custody. According to the announcement, users participating in the pilot need to complete registration, provide proof of minimum banking transaction history with BCP, and complete an investment risk assessment before purchasing.
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