Mastercard amplifies blockchain play with CipherTrace buy
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Mastercard announced plans to acquire Menlo Park, California-based blockchain analytics startup CipherTrace for undisclosed terms.
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Fintech News Stories
Walgreens launches financial wellness offering
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If Walmart’s fintech offering will be called Hazel, then Walgreens is going Scarlet. The pharmacy chain this week launched a bank account, debit card and personal finance planning tools under the Scarlet brand name.
Read MorePayPal to acquire ‘buy now, pay later’ fintech Paidy for $2.7B
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PayPal expanded its global ‘buy now, pay later’ (BNPL) bet through its planned acquisition of Paidy, a Japan-based BNPL provider.
Read MoreRent payment platform Till launches flexible installments and rent protection for tenants
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Till, a platform that allows renters to pay landlords, is rolling out a bundle of new features to entice renters to pay their bills on time, including the capability to spread out payments over a month, rent protection loans, and rewards for platform users.
Read MoreGoDaddy launches invoicing and payments for web designers and developers
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GoDaddy, the domain registrar and web hosting company, is pushing ahead into financial technology by rolling out invoicing and payments capabilities for web designers and developers who use its platform.
Read MoreVisa pays $150,000 for NFT called CryptoPunk 7610
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Payments giant Visa this week lent the crypto ecosystem a vote of confidence by buying a non-fungible token (NFT) called CryptoPunk 7610.
Read MoreTaliban control of Afghanistan gives boost to underground crypto economy
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With the Taliban solidifying their control over Afghanistan over the past couple of weeks, the country has plunged into a financial crisis, with a cash shortage, a currency in freefall, and rising prices of consumer goods.
Read MoreBinance crypto traders seek damages for millions lost during May outage
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Binance, the world’s largest cryptocurrency exchange by volume, is facing legal action over a May 19 hour-long outage that resulted in millions of dollars in traders’ money lost, claimants allege.
Read MoreNerve, a neobank for musicians, to launch in September
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Nerve, a neobank for musicians, aims to serve musicians with FDIC-insured accounts that help the musician separate their personal and financial lives; streaming and follower data; free instant payments to other Nerve users; and a networking feature that allows musicians to collaborate with one another.
Read MoreGreen-themed challenger bank Aspiration to go public in $2.3B SPAC deal
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Aspiration, an 8-year-old Los Angeles-based challenger bank, is going public through a merger with special-purpose acquisition company InterPrivate III Financial Partners Inc.
Read MoreVenmo teams up with Fiserv to offer direct paycheck deposits for gig workers
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PayPal-owned Venmo announced a partnership with banking technology company Fiserv to offer gig workers the opportunity to get their paychecks and tax refunds deposited into their Venmo accounts.
Read MoreStanding at the Intersection of Real Estate and Technology
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As the pandemic recedes, it's clear that the proptech sector is largely emerging stronger, more resilient, and with more interest from investors than ever before. In fact, according to Crunchbase, VC-backed real estate tech companies raised a record $10.6B in the first six months of 2021, up from $8.3B in the same period in 2020. Meanwhile, companies in the real estate tech ecosystem are increasingly going public, with major IPOs like Procore and Compass, and SPAC tie-ups for companies like Offerpad, SmartRent, Hippo, Doma, and more.
Mastercard is planning to say goodbye to the magnetic strip on its cards
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Payments giant Mastercard said it’s getting rid of the magnetic strip on cards starting in 2024. The move is being taken largely as a result of the growth in adoption of new technology, including chip cards and contactless payments.
Read MorePoly Network wants hacker to become chief security advisor
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Poly Network is a decentralized finance (DeFi) platform that was the target of a hack last week resulting in $600M in stolen crypto.
Read MoreIndustry braces for Consumer Financial Protection Bureau 2.0
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The Consumer Financial Protection Bureau (CFPB) has outlined its priorities in a staff memo, including consumers facing hardship due to Covid-19, and racial equity.
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