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2021 saw a wave of institutional interest in cryptocurrency as an emerging asset class. Today, at least 27 publicly traded corporations hold 217,000 bitcoins at a current value of $9.4 billion USD. Just one company, business software provider MicroStrategy, owns 121,000 of these bitcoins after outlining Bitcoin as the ‘central part of [their] new capital […]
Apple Inc (AAPL.O) is initiating a new iPhone feature that will benefit consumers and businesses alike. In its latest push into the financial technology (fintech) industry, Apple’s new feature will allow businesses to accept credit card and digital payments from their iPhones. This upheaval attempts to bypass hardware systems such as Block Inc’s Square terminals. […]
Of the many fintech sectors, retail finance offers investors the most promising opportunity. The market for retail finance has more than doubled over the past five years, and is currently valued at US$2.5 trillion. The market is not showing any signs of slowing down, with an annual growth rate of 20%. Among retail finance, there […]
Thailand’s central bank is proposing an increase in banks' investments into the financial technology (fintech) sector. At the moment, banks have a limit to invest 3% of their capital funds in fintech, except in digital assets. This restriction will be set to change in the near future. Assistant governor to the Bank of Thailand (BoT) […]
Early in the second month of 2022, India announced plans to launch its own digital currency by 2023. India joins the likes of China as one of the few countries to start experimenting with its own digital coin. The Indian government also announced plans to move closer to recognise cryptocurrencies as legal tender. The proposal […]
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