FinTech is increasingly collaborating with traditional banking institutions, combining the innovative mindset of FinTech startups with the scale, strong brand recognition of traditional banking institutions. However, a new disruptive force is on the horizon: TechFin.
Facebook is reportedly working on developing its own stablecoin, which initially will be focused on the remittances market in India where it will enable users to transfer money via a dollar-pegged cryptocurrency on WhatsApp.
Facebook has formed a blockchain technology research group which considers the idea of developing a decentralized cryptocurrency for the social media platform. Is there a place for the new crypto economy in 2019?
Coinbase launched its new 12 Days of Coinbase initiative and is already publishing new features and services every day at midday from 10th to 21st December.
Paypal, an online payment system platform has mostly avoided Bitcoin implementation till now. But, recently it has rolled out an internal employee incentive program that is based on Blockchain technology.
To enhance its customer experience, Coinbase has recently added a new option to withdraw fiat currencies via PayPal accounts.
Amazon Pay surges in popularity on merchant websites. Financials host Jason Moser believes PayPal and Apple Pay have clear tech advantages and Fool.com contributor Matt Frankel, CFP, thinks that Amazon’s familiarity gives it an advantage as more consumers adopt digital wallets.
Since the story of PayPal shows that for a new solution to be successful, it needs to become associated with a well-known and trusted company or industry, it seems that Bitcoin has something to learn from this mainstream payment platform.
Now Venmo users will have more opportunities to use their Venmo balances, as PayPal will offer them debit cards for payments in the real world.
Dan Schulman, PayPal CEO, said that as the popularity of PayPal and its mobile payments platform Venmo grow, traditional methods of payment will be replaced by digital alternatives, which means that there will be no credit cards in 20 years.