Well, this is getting interesting. In the latest sign of growing acceptance of digital currencies by the mainstream financial industry, Visa (V) just announced it will soon allow the use of the cryptocurrency “USD Coin” to settle transactions on its payment network. The USD Coin (USDC) is a stablecoin cryptocurrency whose value is pegged directly
After the year Robinhood’s had, as retail investors took advantage of their free time during the pandemic to take up trading, many on Wall Street have been anxiously anticipating the day the company goes public. But this week, there’s another fintech name capitalizing from the amateur trading boom that’s making noise around an IPO, and
The list is growing. Several major companies have already begun making sizable investments in Bitcoin and the shortlist includes Tesla (TSLA), Mastercard (MA), MicroStrategy (MSTR), Square (SQ), among others. These big investments come after many companies have begun hyping up the legitimacy of the popular crypto in the future. Square CEO Jack Dorsey recently said
Seriously though, what even is cash anymore? It’s likely no secret the pandemic has led to a pretty drastic decline in the usage of cash, mostly sparked by fears that the paper money could transmit COVID-19. As if cash has always been so clean…? Regardless, the preference towards using “digital dollars” is a trend Jodie
Even if your credit score is among the best in the country — anything close to 800 — chances are, your credit card still charges you more than 13% interest. What gives? These days, when 30-year Treasury bonds yield around 2% and high-yield, risky bonds yield 4%, this seems pretty outrageous. Thankfully, one company agrees.
The days of traditional transactions could be a thing of the past. We’re talking anywhere from the use of credit cards to the way you get paid. At least that’s how Visa (V) sees it. In fact, they see the digitization of payments as yet another pandemic-born trend that could be worth up to $185
You’ve probably heard about as much as you can take when it comes to Tesla (TSLA) and Bitcoin. Both have surged to new, atmospheric highs as this pandemic rolls along. Elon Musk is seemingly everywhere, even helping to drive up the price of Bitcoin, and all the talk seems to be how high can the
Months ago, PayPal (PYPL) made headlines and sent the Bitcoin crowd into a frenzy when the company announced it will allow customers to buy, sell and hold bitcoin and other virtual coins using the U.S. digital payments company’s online wallets. PayPal President and Chief Executive Dan Schulman even went so far as to say he
It’s hard to avoid, but if you haven’t paid much attention to the booming IPO market, 2020 saw a record 480 companies go public, led by names like Snowflake (SNOW), Airbnb (ABNB), DoorDash (DASH), Palantir (PLTR). And picking up right where we left off, less than three weeks into 2021, we’ve seen three companies make
Well in many ways, it appears we’re kicking off 2021, right where we left a tumultuous 2020. But regardless of the optics, it’s not all bad. After a record-setting, 480 IPOs debuted in 2020 headlined by the likes of Snowflake (SNOW), Airbnb (ABNB), DoorDash (DASH), Palantir (PLTR) and more, today we see Affirm (AFRM) kicks things
Diversification. Traditionalists will tell you that’s the name of the game. Late last summer, Walmart (WMT) made its biggest splash outside the world of retail when it partnered with Oracle (ORCL) to bring the Chinese dance app TikTok to the U.S. The agreement, which gives Walmart a 7.5% stake in the newly formed TikTok Global
After a flat Christmas week, stocks popped this morning after President Trump reversed his position on the COVID-19 relief bill and the federal spending omnibus and signed both into law. This second round of stimulus is smaller than the package passed earlier in the year. Individuals will get just $600 in stimulus checks, half the
Cryptocurrencies are divisive subject. You’re either all in on the “future of currency” or you think it’s just another fad for nerds, that will eventually blow over. But, either way you look at it, bitcoin doesn’t seem to be blowing over anytime soon. Quite the opposite in fact. Yesterday, the popular cryptocurrency broke through $20,000
