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Robinhood takes aim at Coinbase with commission-free crypto trading

Robinhood is getting into crypto. The mobile-first brokerage app, which boasts over 3 million registered accounts, will begin allowing customers to trade bitcoin and ethereum in February. Starting today, customers will also be able to monitor market data and set alerts for 16 major cryptocurrencies. The move puts Robinhood into direct competition with Coinbase, the … Continue reading “Robinhood takes aim at Coinbase with commission-free crypto trading”

Robinhood takes aim at Coinbase with commission-free crypto trading
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Financial giants dominate blockchain patents—for now

While the price of bitcoin screams up and down, today dropping below $10,000 for the first time since early December, another corner of the crypto world continues to make slow and steady progress: blockchain for banking. According to a study published by EnvisionIP, Wall Street firms loom large among companies that hold blockchain-related patents, with Bank … Continue reading “Financial giants dominate blockchain patents—for now”

Financial giants dominate blockchain patents—for now
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Pay by fingerprint? Visa’s new card makes it possible

Millions of consumers already use biometrics technology, like thumbprint scans, to unlock their phones and confirm in-app purchases. Now, similar technology is moving from phones to plastic. With Visa’s new fingerprint card, consumers will be able to avoid four-digit pins and signatures when making in-store purchases. Instead, they will place their finger on a small … Continue reading “Pay by fingerprint? Visa’s new card makes it possible”

Pay by fingerprint? Visa’s new card makes it possible
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Square’s Jack Dorsey: We’re moving as fast as we can with bank application

Online lending startup SoFi, a fintech success story worth billions, withdrew its application for a bank license last month after a sexual harassment scandal prompted the departure of cofounder Mike Cagney, then CEO. But payments company Square, which hopes to secure the same type of bank license, is moving full speed ahead with its application, CEO … Continue reading “Square’s Jack Dorsey: We’re moving as fast as we can with bank application”

Square’s Jack Dorsey: We’re moving as fast as we can with bank application
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TransferWise and Remitly raise mega-rounds in the new battle for cross-border payments

Globalization is in full swing these days, despite nationalist rumblings. And when goods and people are crossing borders, so too must money. At PayPal, for example, cross-border trade volume grew 41% last year, to over $18 billion. Payments startups are now making a run at that opportunity, with two of the most prominent announcing large … Continue reading “TransferWise and Remitly raise mega-rounds in the new battle for cross-border payments”

TransferWise and Remitly raise mega-rounds in the new battle for cross-border payments
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Stripe’s founder toolkit can now issue stock with just a few clicks

Stripe is best known for providing payments infrastructure that allows startups to quickly get their checkouts up and running. But the company thinks about its mission more broadly: helping startups officially open for business, with all the minutia and legal paperwork that entails. Today Stripe took another step toward its long-term vision by making it … Continue reading “Stripe’s founder toolkit can now issue stock with just a few clicks”

Stripe’s founder toolkit can now issue stock with just a few clicks
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PayPal has seen the future, and the future is marketplaces

To make themselves invaluable to consumers of the future, PayPal has unveiled the very aptly named PayPal for Marketplaces, which they are billing as an “end-to-end global payment solution.” The new payment system lets consumers use PayPal’s entire suite of services–including risk-and-fraud detection capabilities and online buyer and seller protection–or pick and choose from the … Continue reading “PayPal has seen the future, and the future is marketplaces”

PayPal has seen the future, and the future is marketplaces
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Visa wants to replace bank passwords with face scans

The latest smartphones have been built to accommodate fancy biometric authentication techniques like face scans, fingerprints, and voice tests. But as of yet, there aren’t many apps that rely on these new forms of ID. Enter payments giant Visa, which wants to give these emerging password-killers a boost. Yesterday, the company unveiled an API-based offering called … Continue reading “Visa wants to replace bank passwords with face scans”

Visa wants to replace bank passwords with face scans
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Micro-investing app Stash will introduce mobile-first banking in early 2018

Since launching in 2015, micro-investing app Stash has attracted 1.2 million customers. These days, it’s adding 25,000 new customers each week. With Stash, for $1 per month, they can save small-dollar amounts and invest their savings in index funds with catchy names like “Roll with Buffett.” Now Stash is eyeing new territory: banking services. Cofounder … Continue reading “Micro-investing app Stash will introduce mobile-first banking in early 2018”

Micro-investing app Stash will introduce mobile-first banking in early 2018
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PayPal expands “pay with Venmo” to 2 million online retailers

Venmo, the PayPal-owned mobile app best known for peer-to-peer money transfer, is morphing into a full-fledged digital wallet. As of yesterday, any mobile website that accepts PayPal will also accept Venmo as a form of payment. That makes Venmo a viable checkout option at over 2 million U.S. retailers, including Foot Locker and Forever 21. … Continue reading “PayPal expands “pay with Venmo” to 2 million online retailers”

PayPal expands “pay with Venmo” to 2 million online retailers
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