Recently, Paypal acquired iZettle for $ 2.2 billion. iZettle is a company in the Fintech sector. However, this is not the 1st acquisition of Paypal in the Fintech sector. There have been quite a few other companies in the Fintech sector as well which have been acquired by Paypal....
According to a local news source, South Korea 's largest crypto exchange, UPbit, has reported that they have conducted an internal audit and there was not any evidence of fraud. A local news source, Naver quotes the CEO of the currency saying that UPbit's balance sheets are compatible with their wallets “100%”. UPbit was investigated by financial regulators...
Fintech companies are trading at a higher valuation. In spite of that, the merger and acquisitions activity in the sector is not slowing down. Paypal recently acquired iZettle. This clearly indicates that not only the merger and acquisition activity is increasing but also the deal size is increasing as...
With the increasing number of cryptocurrencies, it is becoming more and more difficult for the investors to find out about the winning cryptocurrencies. There are quite a few Altcoins which you can choose from these days. That is why, when you’re looking at the winning cryptocurrencies, it is important...
GreenSky has been consistently preparing for its initial public offering. It offers consumer loans at the point of sale system. As a result, it directly reaches out to the consumers. The company could be valued at as high as $ 14 billion. Moreover, it is a Fintech company and...
According to Reuters ' report dated May 14, ECB board member Yves Mersch stressed that banks must "segregate" their commercial transactions with crypto money from other transactions. Mersch stated that the tokens could not be "seen as money" because the crypto market had too much ambiguity, and that those who used it, as well as traders, banks,...
The Fintech industry in Mexico is growing at a rapid pace. In many of the cases, the banks were forced to take up the solutions and products which were provided by the Fintech industry. Many of the banks feared attempts by hackers to hack the real-time payment systems. As...
Shown as one of the world's most important software companies, SAP is preparing to become another big company that brings the blockchain industry to its business model. Torsten Zube, chief operating officer of SAP's Blockchain-based operations , stated that they wanted to control the product supply chain with a Blockchain-based system . They...
CEO Roger Ver and COO Mate Tokay of Bitcoin.com have recently become advisers for a Fintech start-up. The Fintech start-up goes by the name of MoneyToken. At the same point in time, they will be retaining their current positions at Bitcoin.com. This clearly indicates that there will be synergies...
HSBC Holdings announced the world's first commercial financing transaction using blockchain. This is an important step to increase productivity and reduce errors in multi-billion dollar international trade. According to HSBC 's statement, HSBC and Dutch bank ING successfully transferred funds to Cargill , the food and agriculture group. It is emphasized that the use of the blockchain technology in the banking sector will...