KEEP UP TO DATE WITH THE LEADING NEWS.
Bitcoin Reaches Crucial Juncture: Breakdown Below This Level Could Spark Vertical Drop
Yesterday, we saw a short term spike in bitcoin above the $9,500 resistance against the US Dollar. BTC even climbed above the $9,600 level and traded to a new 2020 high at $9,609.
However, the bulls failed to keep the price above the key $9,500 resistance. As a result, there was a fresh decline below the $9,400 level and the 100 hourly simple moving average.MORE >>>
Shashi Raghunandan, Mastercard’s senior vice president for humanitarian and development programmer. says: “This is part of our commitment to make the digital economy work for everyone, everywhere. Trust Stamp’s AI-powered technologies help us to provide our development sector partners with robust authentication solutions.”
AI can save consumers millions of dollars
Australia’s new breed of digital banks are introducing artificial intelligence to stop the inertia that costs consumers millions of dollars annually.
Big banks and other bill providers have earned big profits for many years from customers who don’t examine their payments or search for better deals.MORE >>>
Events on Our Radar
Expo & React Native conference
23-24 April 2020
Remitly launches bank account for immigrants in the US
Digital remittance outfit Remitly is entering the banking business, launching an online account for US-based immigrants.Remitly has established itself as a rival to old-school providers such as MoneyGram and Western Union in the multi-billion dollar global remittance market.
The firm’s proprietary global money transfer network is used to move over $6 billion in annualised volume from people in the west to friends and relatives in Africa, Asia,
Central Europe and South America.
Visa’s $5.3 billion surprise acquisition of Plaid
Visa is buying fintech Plaid for $5.3 billion in a deal announced yesterday. Plaid offers technology that allows consumers to link their bank accounts to its 2,600 fintech clients, including peer-to-peer (P2P) payments app Venmo, stock-trading startup Robinhood, and investing platform Acorns.MORE >>>
Texas Capital Bank has appointed Matt Quale, formerly of Brighthouse Financial. as president of the new digital bank.
He describes Bask Bank as a groundbreaker in the banking industry.
“It’s a bold new platform – a stronger option for savers who aren’t getting much out of a traditional savings account,” he says. “Bask Bank helps you enjoy more of life’s experiences today, while still saving for the future.”
Mastercard invests in online and offline identity startup Trust Stamp
Mastercard has made a strategic investment in AI-generated identity authentication company Trust Stamp.
Trust Stamp is a graduate of the 2018 Mastercard Start Path accelerator programme. The two companies introduced their first collaboration with a secure non-PII authentication network for both online and offline environments at the June 2019 ID4Africa conference in Johannesburg, South Africa.MORE >>>