PayPal pushes crypto payments into the mainstream The feature lets U.S. merchants accept payments in 100+ cryptocurrencies, converting them instantly to stablecoins or fiat, and reducing international transaction fees by up to 90%.
FinTech Drama: JPMorgan Freezes Out Gemini After Public Clash Hey FinTech Fanatic! It’s not every day a banking relationship gets iced over a tweet, but that’s where we are. JPMorgan has reportedly paused re-onboarding Gemini after Tyler Winklevoss slammed the bank’s new data access fees as "anti-competitive" and "immoral." The dust-up adds
Cleo Considers IPO as Revenue Soars Toward $500M ARR Hey FinTech Fanatic! Cleo posted $136M in 2024 revenue and says it’s just passed $250M ARR. 🤯 In a LinkedIn post, CEO Barney Hussey Yeo said the company is now profitable and weighing an IPO: “$500M ARR is around the corner. So, London or NYC for the IPO?” he wrote.
Tether’s Not Done Yet - And Now It Wants Wall Street Hey FinTech Fanatic! Well, that didn’t take long. Less than a week after Trump signed the Genius Act into law, Tether is already plotting a U.S. return: four years after being booted from New York and slapped with $60 million in fines. This time, the world’s largest
Goldman & BNY Mellon Tokenize the $7.1T Money Market Industry Hey FinTech Fanatic! Two of Wall Street’s biggest names, Goldman Sachs and BNY Mellon, took a major step in rewriting how institutional money moves. They’ve launched a platform allowing institutional clients of BNY to buy tokenized money market funds, recorded on Goldman’s blockchain infrastructure. The big idea?