Even though investments in Bitcoin startups have recently decelerated, financial institutions like American Express are still getting more interested in the potential of BItcoin.
With this announcement, American Express joins the list of major financial brands to put their foot into the metaverse.
KPMG announced that it will completely exit the Russian network in a move to help its Ukrainian colleagues and thus support humanitarian efforts.
Visa and Mastercard’s decision to cut links with Russia has seen Russian banks turn to China’s UnionPay for assistance.
The US stock market turns optimistic by absorbing the rise in Treasury Yield. Wall Street remains on the edge awaiting the CPI inflation data on Thursday.
American Express hopes to lure millennial and Gen Z users to use its first digital-checking account.
Growth stocks continue to stay under pressure as investors await the details of the two-day FOMC meeting. Banks and energy sectors pose recovery.
There are other industries billed to benefit from macroeconomic events slated to be introduced this year beyond just the banking stocks as highlighted.
The funding from American Express Ventures as well as the other FalconX investors will help position the company to tap into the potential opportunities in the space in 2021.
With the deal happening at a time when many businesses are struggling to survive due to the ongoing coronavirus pandemic, American Express is set to largely benefit financially from the acquisition of Kabbage.
With new cash injection in a deal with American Express, British Airways owner IAG hopes to stay afloat after a serious hit due to the coronavirus lockdown.
