The price of bitcoin is the highest in Zimbabwe which reached $13,500 at the time of the article being published; this is due to the conflicts happening in the country; for people in Zimbabwe bitcoin is seen as a safer option; the US dollar and South African rand also trade for approximately twice their price in the country. Source
Chinese consumers are increasingly using mobile payment technology; currently 57.7% of the country's internet users are using mobile payment services; the shift to mobile payments is being supported by the growth from fintech companies which has also helped to make China the world's leading fintech hub; four of the world's largest fintech unicorns, Ant Financial, Lufax, JD Finance and Qufenqi, all have their headquarters in China; Bitcoin is also popular in China, accounting for 42% of the digital currency's transactions; statistics also show mobile payment services advancing ahead of traditional bank offerings with Alipay reporting more than 50% market share in mobile payments; while the country has seen exponential growth from fintech services, Chinese regulators are evolving fintech regulations which could require greater compliance requirements from fintech companies. Source
Savings and investing app Acorns has raised $300 million in a Series F funding round that values the company at nearly $2 billion. The announcement of the raise comes about six weeks after the consumer fintech startup said it was shelving its plans for its $2.2 billion SPAC with Pioneer Merger Corp. in favor of […]
I’ve blogged a bit about the Finverse – where the metaverse and crypto come together – and was reading Jemima Kelly’s column on the FT about the Metaverse and crypto. She states: As far as I’m concerned, the hypocritical fantasy that underpins crypto also lies at the heart of the …
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