Stay up to date on the latest trends in FinTech – where technology meets finance to create new market opportunities.
FinTechAffirm says it prides itself on being transparent about their fees. They explain, "Unlike payment options that have compounding interest and unexpected costs, Affirm shows customers upfront exactly what they’ll owe — with no hidden fees and no surprises." As a result Affirm's Apple Pay integration could be a big deal for FinTech, retailers, and consumers alike.
FinTechGoogle is planning to ban cryptocurrency-related advertisements from their ad products. This will cover any crypto content, including ads for cryptocurrency wallets, initial coin offerings, and more.
FinTechCelsius says it's "building a P2P decentralized lending & borrowing platform" that will not only allow users to borrow against their cryptocurrency holdings but also earn interest for keeping their coin on the platform. As their site explains, users will be able join the lending pool by adding their cryptocurrency to Celsius and earning daily interest.
FinTechFreedomPop claims that their Accelerate Platform has one of the highest conversion rates on the web with 50% of customers purchasing at least one paid service. By comparison, other "freemium" modeled companies such as Spotify reportedly have conversion rates less than half that. As a result it's easy to see why businesses in other spaces — especially in the financial field — would want to take Accelerate for a spin.
FinTechIt's no surprise that PayPal is trying to push cryptocurrencies forward — especially in terms of accepting them as payments. First the company started partnering with Bitcoin payment processors as far back as 2014. It will be interesting to see if PayPal's plan for zippier crypto transactions will catch on and pay off.
FinTechNow that Square Cash has laid its card on the table, it will be interesting to see if Venmo and others follow suit. Furthermore Square has proven to be a fascinating FinTech to watch as they've never seemed afraid of starting auxiliary businesses that fall under the financial umbrella. With the potential Square Cash now shows, that "one-to-watch" status isn't likely to change anytime soon.
FinTechWhen 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.
FinTechJust like with more traditional investments, the Internal Revenue Service (IRS) considers profits made from buying and selling cryptocurrencies to be capital gains and they want to collect taxes on them. However it seems very few crypto buyers are actually reporting their gains.