FinTechUpdate

South Korea Poised to Ban App Store Payment Monopolies
South Korea is poised to become the first country to ban Apple and Google from locking developers into the use of their payment systems....
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Coinbase Abandons Lend Feature Amid SEC Pressure
Coinbase has abandoned its plans for its Lend service after a high-profile scuffle with the SEC. Coinb...
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Venmo Redesigns App to Remove Global Payments Feed
Venmo has redesigned its app to remove the global payments feed, after a high-profile incident in which President Biden’s account was discovered....
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Verizon and Mastercard Team Up to Apply 5G to the Payments Industry
Verizon and Mastercard are partnering to bring the benefits of 5G to the payments industry. 5G stands...
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Fact Check: Walmart Is NOT Partnering With Litecoin
Walmart and Litecoin are both debunking news of a partnership, saying nothing is in the works. Early M...
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Mastercard Buys CipherTrace to Boost Its Own Crypto Capabilities
Mastercard announced it has acquired CipherTrace, as the payments company continues to expand its crypto capabilities....
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Coinbase Getting Into ‘Ill-Advised’ War With SEC
Coinbase is calling out the SEC for what it believes is “sketchy” behavior, but TheStreet’s Jim Cramer is not a fan of its strategy....
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Reddit’s WallStreetBets Schools Wall Street
Wall Street may be the “experts” in the stock market, but analysts are increasingly looking to Reddit’s WallStreetBets for info....
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United Wholesale Mortgage Will Accept Crypto By Year’s End
United Wholesale Mortgage has announced it will accept Bitcoin and other cryptocurrency by year’s end. Cryptocurrencies are gaining mainstream...
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Tencent and NetEase Stocks Take a Hit After China’s Gaming Ban
Tencent and NetEase have both taken a hit to their stock price following China’s decision to limit how much time minors can spend gaming....
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PayPal Rumored to Be Exploring a Stock-Trading Platform
PayPal is rumored to be looking at the possibility of creating a stock-trading platform in a bid to challenge rivals....
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Jack Dorsey’s TBD Is Building Decentralized Bitcoin Exchange
Jack Dorsey is revealing more information about his TBD business and its focus on building a decentralized Bitcoin exchange....
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Amazon Partners With Affirm to Offer Buy Now, Pay Later
Amazon is partnering with Affirm to offer its customers the option to buy now, pay later. Buy now, pay...
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Google Pay Hemorrhaging Talent
Google Pay is losing talent, in the form of both executives and employees, as the division struggles to gain ground....
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Coinbase Approves Massive Crypto Investments
Coinbase has announced it will purchase $500M of crypto, and invest 10% of all future profits in crypto....
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