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Where Cash Is King, the Government Wants Everyone to Pay By App

Where Cash Is King, the Government Wants Everyone to Pay By App

“Now, the country’s government and big banks are trying to get Mexicans to kick their cash habit. A national program called called CoDi — short for cobro digital, or digital payment — aims to vastly expand electronic purchases, bring a new client base to financial companies, and, most importantly, help the government crack down on illicit [...]

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The Best Thing About Libra Is Often Overlooked—and Its Creators Explain Why

The Best Thing About Libra Is Often Overlooked—and Its Creators Explain Why

“Distributed governance is there precisely to make it easier for multiple firms and organizations to participate and engage in the Libra network, which in turn will create more choices for consumers. Without distributed governance, organizations and individuals might be less willing to build on the same platform, reinforcing the fragmentation in payment services we see today. The Libra network is modeled [...]

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As Neobank Valuations Bubble Up, Some Investors Think There’s an Even Better Bet in Fintech

As Neobank Valuations Bubble Up, Some Investors Think There’s an Even Better Bet in Fintech

“Venture capitalists have poured billions of dollars into digital bank startups, and at least one more megadeal is expected before this year is over. Questions are being raised , however, about whether this fintech craze is another quixotic quest for market share that burns cash but doesn’t generate much profit in return.” As Neobank Valuations [...]

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