Jamie Dimon, Chairman and CEO, JPMorgan Chase, speaks at the Council on Foreign Relations Thursday, … [+] April 4, 2019, in New York. (AP Photo/Frank Franklin II)Copyright 2019 The Associated Press. All rights reserved. J.P. Morgan’s planned purchase of Renovite Technologies shows the U.S. leader in payment processing scrambling to stave off competition from nimble… More
STOCKPORT-ENGLAND- MARCH 12: A man wearing a mask walks past a sign in a shop window saying ‘going … [+] out of business, everything must go’ on March 12, 2021 in Stockport, England. (Photo by Nathan Stirk/Getty Images)Getty Images With a recession now upon us, you can bet there’ll be a massive increase in late… More
While roughly half of the investors joined the GameFi space initially for profits, 89% of GameFi investors succumbed to Crypto Winter 2022. GameFi, the fusion of gaming and decentralized finance (DeFi), attracts a set of investors that tend to choose projects based on their use case rather than money-generating potential.The GameFi ecosystem attracts GenZ investors… More
Ramp Cofounders Karim Atiyeh and Eric Glyman founded the corporate credit card startup just three years ago and launched it just as the pandemic started to spread across America.Ramp and Romina Hendlin Three-year-old fintech Ramp is the latest startup aiming to cash in on the buy now, pay later boom—adding a similar service for business-to-business… More
Topline The stock market fell on Wednesday, with the recent rally on Wall Street taking a breather as investors assessed the latest batch of retail earnings—particularly a sharp drop in profits from Target—and minutes from the Federal Reserve’s July policy meeting. Experts warn that investors should be cautious about “chasing” the recent market rally. Seth… More
Topline Despite analyst warnings about “unrealistic” valuations, shares of Bed Bath & Beyond surged up to 70% on Tuesday as retail investors from Reddit’s WallStreetBets piled into the stock after being encouraged by yet another big purchase from activist investor and GameStop chairman, Ryan Cohen. The stock has outpaced the broader market this year thanks… More
Assessing the total cost of payments—including factors such as uptime, authorization rates and … [+] preexisting payment method integrations—is the best way to determine the true impact of payments on the top and bottom lines. getty While payment service providers (PSP) may like to believe otherwise, cost will likely always be a top factor that… More
The integration with Paxos marks the first move for PicPay to introduce its 30 million customers to digital assets and help them understand Bitcoin. Major Brazilian payment application PicPay is moving into cryptocurrencies by integrating a crypto exchange service allowing users to buy Bitcoin (BTC) and Ether (ETH).The firm officially announced on Wednesday that PicPay… More
Ripple’s new Value Report on enterprise crypto and blockchain highlights NFT, blockchain and CBDC utility in business settings. A whopping 76% of surveyed financial institutions plan on using crypto within the next three years, according to the report. Ripple’s new report highlights trends in the adoption and utilization of emerging technologies like crypto and blockchain in… More
Topline Meme stocks surged higher on Monday—with shares of Bed Bath & Beyond jumping nearly 40%, while GameStop and AMC also rallied—as retail traders bought up shares in a coordinated effort, causing some experts to warn that meme stock mania has made a comeback. Reddit investors are once again driving up the share prices of… More
Topline Shares of Hong Kong fintech firm AMTD Digital continued to plunge on Thursday, crashing for a second day in a row after rising more than 21,000% since its July IPO, with experts calling it a new meme stock and warning investors to stay away from the stock as its valuation looks like “an absolute… More
Over the past few years, many investors have used cutting edge financial products, like crypto exchanges, to make significant profits. Now, that the markets are turning, many are wondering how protected they will be in the event of collapse of a crypto exchange. We’re about to find out the hard way as those cutting edge… More
I was listening to the interesting “Money Reimagined” Consensus 2022 panel discussion from Austin, Texas with Chris Giancarlo, Neha Narula and Emily Parker when I was surprised to hear the Honorable J. Christopher Giancarlo (who is known, apparently, as “CryptoDad” and served as 13th Chairman of the United States Commodity Futures Trading Commission, CFTC) say… More
The Fintech Startup Acquisition Wave Is Coming getty In startup boardrooms around the world, acquisitions are becoming a key topic of discussion. Those with capital and thriving businesses are looking for ways to grow, expand product lines or build footholds in new markets. Conversely, those facing challenges may seek the security of an acquisition to… More
The launch of Apple Pay Later comes as the wider BNPL industry faces a downturn – is cross-border … [+] payments the answer? NurPhoto via Getty Images Buy now, pay later (BNPL) has faced a fair amount of turmoil over the last months. Poor earnings and stock market performance have prompted several of the larger… More
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