FinTech News

Only 16% of Active iPhones Utilize Apple Pay

When Apple first debuted their NFC-powered Apple Pay option in 2014, it was seen as a major breakthrough for mobile payments that would usher in a new era for the technology. However a mere 16% of active iPhones in the world currently utilize Apple Pay.

TD Ameritrade Utilizes Twitter DMs for Stock Trading

Features like this may seem like a gimmick but there may be more to them than that. Beyond giving traders an extra way to buy and sell stocks, these chatbots may also allow those looking at investing for the first time an easy way to start gaining knowledge about the...

Paying Your Taxes in Bitcoin? Arizona Bill Aims to Allow It

Senate Bill 1091 calls for the Arizona Department of Revenue to begin accepting Bitcoin and other crypto payments by 2020. Once the cryptocurrency transfer was completed, the amount would then be converted to U.S. dollars within 24 hours.

Most Americans Are Skeptical About a Cashless Future

It seems that, despite fewer Americans using cash for daily transactions, the majority still can't envision a future where the U.S. would be rid of cash altogether. According to a new study by YouGov and reported on by MarketingCharts, less than half (46%) of the Americans surveyed said they could...

Seven States Form Alliance for FinTech Licensing

Georgia, Illinois, Kansas, Massachusetts, Tennessee, Texas, and Washington state will share a licensing standard when it comes to money service businesses. This move should help FinTech companies save them both time and money during the process of obtaining licenses in these states.

Starbucks Chief Believes in Blockchain But Not Bitcoin

Given the enthusiastic response that other established brands have received merely by uttering the words "blockchain" or "Bitcoin," it seems it was Howard Schultz's turn to take a swing at it. However the Starbucks CEO wasn't so bullish on the leading cryptocurrency saying, “I don’t believe that Bitcoin is going to be a currency...

Investment App Robinhood to Add Cryptocurrency Trading

Robinhood plans to introduce trading for Bitcoin and Etherum next month with more coin options to follow. Moreover these trades will be made without any transaction fees. Meanwhile the popular Coinbase app charges users between 1.5% and 4% on trades.

Yahoo Launches "Tanda" — A Peer to Peer Savings and Loan App

This week Yahoo Finance launched a new mobile app that offers a twist on peer to peer lending and investing. Dubbed "Tanda," the app connects users and places them into groups where each participant makes monthly payments toward a combined pot. Then the lump sum is then awarded to one...