Reporting by Quartz suggests that Mayor Francis Suarez of Miami may have “tripped” regulatory wires during interviews in support of MiamiCoin. The cryptocurrency is a city-specific virtual currency created by CityCoins, and is designed to provide free money to cities.
Read MoreThe payments giant announced the launch of its Biometric Checkout Program, which lets customers pay by smiling or waving their hand over a reader. It will first be used at five supermarkets in Brazil as a pilot program.
Read MoreAn unsealed memorandum opinion by Magistrate Judge Zia Faruqui of the U.S. District Court in Washington, D.C., states that virtual currencies are subject to sanctions laws, just like fiat currencies.
Read MoreThe BNPL provider announced that it will offer its solution on Fiserv point-of-sale technology, including the Carat commercial system as well as Clover POS devices at brick-and-mortar stores. Visa announced a similar partnership with FIS last week.
Read MoreAccording to Meta’s Head of Fintech, Stephane Kasriel, the company is rebranding Facebook Pay as Meta Pay to emphasize interoperability across its platforms, and to reflect Meta’s investment in the metaverse. People across 160 countries currently use Facebook Pay.
Read MoreIn an interview with The Financial Revolutionist, James Jack, Head of the Business Owners Client Segment at UBS, suggests ways fintechs can learn from the experiences and strengths of banks like UBS.
Read MoreTerraUSD’s value spiraled this week after depegging from a 1:1 value with the US Dollar. Its value hovered around 31 cents this morning, but it’s more than doubled since then to 69 cents.
Read MoreVisa announced that it’s added a BNPL option to its “Visa Ready” program. Unlike traditional BNPL solutions, Visa’s product also lets consumers opt into BNPL installments at point-of-sale through virtual cards, not just online.
Read MoreTiger Global Management has lost around $17B since the start of the year, meaning it’s erased almost two-thirds of its lifetime gains, according to LCH Investments. Its decline is almost double that of the Nasdaq Composite.
Read MoreAn early settler in the crypto space, Aaron Kaplan, Founder and Co-CEO of Prometheum and a securities attorney by trade, has, since 2014, advocated for crypto to be regulated as securities.
Read MoreBinance has joined 17 other investors to finance Elon Musk’s planned takeover of Twitter. The crypto exchange has pledged $500M to the effort.
Read MoreIn the fall of 2021, the Seattle-based proptech abandoned its home-flipping blitz and laid off 2,000 employees. It’s now ramping up for another moonshot project: building a super app for real estate.
Read MoreFour years of hindsight, especially the underwhelming results of crypto’s Super Bowl ad blitz, suggest the power of celebrity endorsements in finance is overhyped, or, at the least, uneven.
Read MoreThe computing giant has officially hired Desi Ujkashevic, Global Direct of Safety Engineering at Ford, to join Apple’s efforts to develop a fully electric autonomous car. Ujkashevic had worked at Ford for 31 years.
Read MoreGlobal shipping giant Maersk announced that it’s partnered with Stripe to overhaul its payments infrastructure. Stripe tailored its products to accommodate Maersk’s multinational compliance requirements.
Read MoreThe Financial Revolutionist is weekly newsletter and blog focused on the torrid pace of financial innovation. Today, thanks to the exponential rate of technological change, explosion in global trade and new regulations ushered in by the Great Financial Crisis, a new financial revolution is under way. In this battle, virtually every aspect of the greater financial services sector is subject to rigorous challenge. With the Financial Revolutionist, we are aspiring to create a boots-on-the-ground and highly opinionated assessment of important financial innovation developments in the past week.
