PayPal launches crypto checkout service
PayPal has started allowing U.S. consumers to use their cryptocurrency holdings to pay at millions of its online merchants globally. Customers who hold bitcoin, ether, bitcoin cash and litecoin in … Read More
Tag: fintech
Bitcoin is at a tipping point and could become 'currency of choice' for global trade, Citi says
Bitcoin could one day "become the currency of choice for international trade," Citi said in a research note Monday. The cryptocurrency is "at the tipping point of mainstream acceptance or … Read More
Gen Z-focused fintechs live and die by social media. Here's how they're trying to out-influence each other, and traditional banks, to nab 82 million customers for life.
Gen Z is projected to be the largest US consumer base by 2026. The COVID-19 pandemic has only accelerated a trend toward digital banking. Fintechs are trying new tools and … Read More
Ether, the world's second-largest cryptocurrency, hits a new record high above $1,700
Ether climbed 11% to a price of more than $1,700 on Friday, according to data from CoinDesk. Investors are awaiting the launch of ether futures contracts from the CME next … Read More
A fintech aimed at streamlining how student loans are paid off just raised a $5 million seed round led by Bain Capital Ventures
Rightfoot is an infrastructure fintech allowing any company to embed student-loan repayment features. It just raised a $5 million seed round led by Bain Capital Ventures. Beyond student loans, the … Read More
UK government fintech review to identify key areas to alleviate Brexit consequences
A UK government review is set to propose measures to support the country's fintech sector and overcome Brexit-induced challenges. The review is expected to recommend a tech-specific visa to ease … Read More
Facebook hopes the cryptocurrency it backs will launch in 2021, top exec says
David Marcus, the head of Facebook Financial, also known as F2, said he hopes both the cryptocurrency called Diem and the social networking firm's wallet Novi, will launch in 2021. … Read More
Affirm just made its IPO filing public, providing the first detailed look inside the breakout 'buy now, pay later' fintech startup's finances
Affirm, a fintech startup that enables consumers to pay for online purchases as they go, publicly revealed its initial public offering documents on Wednesday. The company reported a net annual … Read More
Britain's fintech industry braces for a no-deal Brexit as transition deadline looms
U.K. fintech firms Curve and Modulr recently established new European outposts to ensure they can continue operating in the EU after Brexit. Revolut, meanwhile, is seeking an e-money license with … Read More
Nearly $1 billion worth of bitcoin linked to Silk Road black market is on the move, analysis shows
Silk Road, an online black market on the dark web, allowed people to sell drugs and other illegal goods. About $950 million worth of bitcoin believed to have originated from … Read More