CRED has received the in-principle approval for payment aggregator license in a boost to the Indian fintech startup that could help it better serve its customers and launch new products and experiment with ideas faster.
The RBI has granted in-principle approval for payment aggregator licenses to several companies, including Reliance Payment and Pine Labs, over the past year.
Typically, the central bank takes nine months to a year to issue full approval following the in-principle approval.
Without a license, fintech startups must rely on third-party payment processors to handle transactions, and these players may not prioritize such mandates.
Obtaining a license allows fintech companies to process payments directly, reduce costs, gain greater control over payment flow, and onboard merchants directly.
In addition, Redis today announced that it has acquired storage engine Speedb (pronounced ‘speedy-bee’) to take it beyond the in-memory space.
Redis license changesIn some way, the licensing move is no surprise.
We’ve seen other open source companies like MongoDB, Elastic and Confluent make similar moves.
He is also quite aware that these new license mean Redis won’t be considered open source, at least according to the definition of the Open Source Institute.
Because of the BSD license, Redis wasn’t able to put its latest innovations into Redis Core, meaning it was missing features like search and query, for example.
Unlike nearly every other lithium-ion battery chemistry, TAQ is an organic compound — not the free-range hippie type, but the kind made primarily of carbon.
Researchers have been investigating organic materials as cathodes, the negatively charged part of the cell, because they could store more energy at lower cost.
TAQ, short for bis-tetraaminobenzoquinone, is composed of carbon, nitrogen, oxygen and hydrogen arranged in a row of three neighboring hexagons.
The structure is similar to that of graphite, which is almost universally used today as an anode material (the positive terminal).
Lamborghini, which previously used a supercapacitor developed in Dincă’s lab in its Sian model, has licensed the patent on the material.
