Home » FinTech » FinTech News

FinTech News

Bitcoin, Other Cryptos Get Hit on Bad News

The rollercoaster experience that comes with cryptocurrencies seems to be in full effect this week, with Bitcoin and others falling significantly. In less than 24 hours, $BTC plunged from a high of around $7,380 to a low of nearly $6,400. Notably that puts the currency below the $7,000 mark, which as...

Survey Asks "What Could Help Spur Mobile Wallet Adoption?"

There's no doubt that the use of mobile wallets and contactless payments have increased greatly over the past few years. However, in spite of this, adoption still hasn't reached the levels that some had previously predicted. This has led companies like Apple, Google, Samsung, and Chase to explore various plans...

Guggenheim Calls Square "Best Idea" in FinTech, Predicts Further Gains

Jack Dorsey may be facing some annoying problems with Twitter these days but the CEO's other company is on a bit of a winning streak. Square's stock is currently up 5% after Guggenheim Partners raised its price target for the company to $100 ($SQ trades for around $85 a share...

JP Morgan Chase Introducing Free Stock Trading App

JP Morgan Chase is set to make investing a bit easier for its 47 million online and mobile banking customers. CNBC reports that the bank will soon launch a free stock trading service, while also giving users access to equity research and other portfolio-building tools. Dubbed "You Invest," the new...

Zelle Reportedly Looking to Expand into Business Payments

In a relatively short period of time, Zelle has grown into the most-used peer to peer (P2P) payments app, topping competitors like Venmo, Square's Cash App, and App Pay Cash. Now it seems the big bank-backed app is looking to expand its reach even further. According to a report by...

Consumer Reports Ranks Apple Pay Cash Above Venmo, Zelle

This year an estimated 79 million Americans are expected to utilize peer to peer (P2P) payments services, marking a 24% increase over 2017. With this growing popularity, the P2P landscape has evolved in recent months — including the revelation that Zelle is now leading the pack after overtaking Venmo. Now...

Apple Pay Expected to Lead OEM Wallets as Contactless Payments Grow

New data from Juniper Research shows that contactless payments could reach a major milestone even earlier than expected. According to the firm's report, contactless transactions are on track to surpass $1 trillion in 2018 (a year earlier than previously estimated) and are anticipated to exceed $2 trillion by 2020. Additionally...