One of the world's biggest payment processors, Visa made a clear statement: like credit cards and online banking before, NFTs and blockchain are the waves of the future.
JoinedAug. 16, 2021
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Facebook announced last week that their digital payments platform, Novi, is nearly ready to launch across multiple states, having passed regulatory checks. Novi will use a stable cryptocurrency called Diem to launch payments across borders for the 2.7 billion users of the social network.
Though doubling net revenue in one quarter from $244m total reported revenue in 2020, it was not enough to turn a profit.
In a year where transactions went digital, Fintech firms found the top of the list.
Researchers from the University of Texas published a study Tuesday morning that claims fintech lenders who participated in the Paycheck Protection Program dropped the ball on underwriting.
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