Industry News

  • Crypto Exchange Coinbase Readies Landmark Stock Market Listing, Sources Say
    by Gus on July 9, 2020 at 3:35 pm

    “Coinbase Inc has started plans for a stock market listing that could come as early as this year, making it the first major U.S. cryptocurrency exchange to go public, according to three people familiar with the matter.   Coinbase could pursue the listing later this year or early next year, the sources said, cautioning that The post Crypto Exchange Coinbase Readies Landmark Stock Market Listing, Sources Say appeared first on Payments News.

  • Germany Probes Possible Money Laundering by Wirecard Executives
    by Gus on July 9, 2020 at 2:13 pm

    “German state prosecutors are looking into possible money laundering by executives at Wirecard AG WDI -4.62% , adding to ongoing probes related to possible fraud and fake accounting at the insolvent payments firm. A spokeswoman for the Munich public prosecutor said it was conducting several legal cases related to possible money laundering at Wirecard, the oldest The post Germany Probes Possible Money Laundering by Wirecard Executives appeared first on Payments News.

  • Robinhood Has Lured Young Traders, Sometimes With Devastating Results
    by Gus on July 9, 2020 at 2:10 pm

    “Millions of young Americans have begun investing in recent years through Robinhood, which was founded in 2013 with a sales pitch of no trading fees or account minimums. The ease of trading has turned it into a cultural phenomenon and a Silicon Valley darling, with the start-up climbing to an $8.3 billion valuation. It has The post Robinhood Has Lured Young Traders, Sometimes With Devastating Results appeared first on Payments News.

  • LocalGlobe and TransferWise’s Taavet Hinrikus back ‘frictionless finance’ startup Radix
    by Gus on July 9, 2020 at 1:50 pm

    “Radix , a U.K. startup that’s building a decentralised finance protocol on which new financial apps can connect and be built on top of, has raised $4.1 million in new funding. Backing the company, which counts the Ethereum network and a number of other “DeFi” projects as competitors, is London-based seed-stage VC LocalGlobe and TransferWise The post LocalGlobe and TransferWise’s Taavet Hinrikus back ‘frictionless finance’ startup Radix appeared first on Payments News.

  • WhatsApp Business, now with 50m MAUs, adds QR codes and catalog sharing
    by Gus on July 9, 2020 at 1:38 pm

    “The global COVID-19 health pandemic has raised the stakes for businesses when it comes to using digital channels to connect with customers, and today WhatsApp unveiled its latest tools to help businesses use its platform to do just that. The Facebook-owned messaging behemoth is expanding the reach and use of QR codes to let customers easily The post WhatsApp Business, now with 50m MAUs, adds QR codes and catalog sharing appeared first on Payments News.

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