Stripe published an article examining main issues of bitcoin market.
In Q2 2020, over 28 mega deals took place with each valued at over $100 million a majority of them happening only in June. The massive growth of the e-commerce industry has also helped FinTech startups in the way.
Stripe raised another $600 million in a funding round. The company plans to continue investing in product development and further expansion.
Joining the Libra Association, Tagomi will contribute at least $10 million to spend on the developing cryptocurrency. It will also support Libra, providing the necessary technical and policy assistance.
Ripple’s XRP price may be on the road to the next big move, as the company is actively expanding the scales of its activities and joined the Top 100 Remittance Companies list being the only crypto-related company there.
Among the 10 biggest fintech companies in the U.S. in 2020, there are three firms that focus on crypto-related activity. They are Ripple, Coinbase and Robinhood.
As Vodafone has decided to quit the Libra Association, it will focus more on its digital payment service M-Pesa and expand it beyond the six African nations it currently serves.
With the significant growth of the FinTech space in 2019, the next year is expected to strengthen the bond between technology and financial services. Experts predict major changes in the banking space.
By adopting cryptocurrencies, the payment firms are able to increase the chances for crypto to reach the mainstream sooner rather than later.
Rapyd, a London-based FinTech startup has got an extra $20 million in funding from Durable Capital Partners aiming to enable more customers to tap into a wide variety of financial services.
PayPal’s CEO Dan Schulman explained what reasons they had for taking a decision to leave the widely-discussed Libra Association.