Tagged: san francisco

Fintech Plaid CEO: There’s Been a “Meaningful Increase” in Number of Consumers Using Digital Financial Apps during COVID-19 Crisis

Zachary Perret, CEO at Plaid, a San Francisco-based Fintech firm, says that there have been significant changes in the digital financial services sector during the past 6 months. He confirms that there’s been a major shift in consumer behavior with more consumers preferring to use… Read More

Fintech Brex CFO Michael Tannenbaum Recommends Providing Special Benefits to Remote Workers so they Feel Valued during COVID-19 Crisis

Michael Tannenbaum, the chief financial officer at Brex, a Silicon Valley Fintech Unicorn, notes that many people today are working remotely. Tannenbaum, who’s also the chief business officer at Brex, says that we might be at risk in some ways of losing “the culture and… Read More

Cross-Border Payments are on the “Cusp of Transformation” According to Executive from Fintech Ripple

Marcus Treacher, the SVP of Customer Success at American Fintech Ripple, notes that the world’s cross-border payments market is highly fragmented. But he claims that international transactions are now being redefined by “the power of ISO standardization” and the innovative technology approach of RippleNet, which… Read More

Ethereum Token UMA for Financial Contracts and Synthetic Assets, with $1.26 Billion Market Cap, to be Listed by Coinbase Pro

On September 4, 2020, Coinbase Pro users will be able to transfer UMA cryptocurrency tokens into their accounts ahead of scheduled trading. Support for the UMA digital currency will be available in all of the digital asset exchange’s supported jurisdictions, however, New York State residents… Read More

California based Fintech Wealthfront, which offers Robo-Advisory Services, Introduces “Self-Driving” Money

California-based Fintech firm Wealthfront, a Robo-Advisor that had been focused on becoming a digital bank, has revealed that it has introduced what it calls, the “first Self-Driving Money” service. As mentioned in an update shared with Crowdfund Insider, Wealthfront’s new, free-to-use service, Autopilot, will automate… Read More

San Francisco based Fintech Brex Partners SAP Concur so Customers can Automatically Reconcile their Corporate Card Expenses

San Francisco-based Fintech Brex, a company that says it’s “reimagining” financial systems for high-potential or growing businesses, has teamed up with SAP Concur so that Brex customers are able to automatically update and reconcile their corporate card expenses by using Concur Expense. Brex claims that… Read More

Coinbase Pro to Add Celo (CELO), a Cryptocurrency Used by Platform that Makes it Easier to Send, Receive Stablecoins using Smartphones

San Francisco-based crypto exchange Coinbase is planning to add Celo (CELO), the native digital currency of an open-source platform that aims to make financial tools accessible to anyone with a smartphone or mobile device. Celo will only be offered on Coinbase Pro, which is the… Read More

Researchers from Protocol Labs Explain how the Drand or Distributed Randomness Project can Help with Cybersecurity, Election Audits

David Dias, research engineer at Protocol Labs and the drand project lead, along with Nicolas Gailly, research scientist at Protocol Labs and the original author of drand, recently explained how they’re developing randomness solutions that are able to generate random numbers. This is important because… Read More

Bitcoin.com, a Leading Crypto Wallet Provider, Partners with Cred to Allow Users to Earn Interest on Digital Asset Deposits

Bitcoin.com, a website that encourages people to use Bitcoin Cash (BCH) and claims that more than 11 million cryptocurrency wallets have been opened via its platform, reveals that it will be working with Cred. San Francisco-based Cred is a blockchain-powered licensed lender that was founded… Read More

Coinbase Is Planning to Let Certain US based Customers Borrow Cash Using Bitcoin (BTC)

US-based digital asset exchange Coinbase claims that it was launched to offer “a reliable, trusted, and safe bridge” for consumers interested purchasing and selling cryptocurrency. Coinbase says it aims to offer the best investing experience for its clients. The exchange is now providing new investing… Read More

Remote Working Fintech Deel Is Launching Operations Across Europe, will Help with Compliance, Payroll, Taxes

Many individuals and businesses across the globe have been forced to make major lifestyle changes, including working from home, due to the contagious COVID-19 outbreak. San Francisco-based Fintech firm Deel, which plans to improve the work from home process by offering an easy-to-use online platform,… Read More

Coinbase Claims Batching Bitcoin (BTC) Transactions Helped Customers Save 75% on their Cryptocurrency Trades

San Francisco based crypto exchange Coinbase recently revealed how batching payments has benefited its customers, and also helped improve its internal operations. In March 2020, Coinbase announced that it had introduced Bitcoin (BTC) transaction batching. The exchange claims: “Since launching, we have batched 100% of… Read More

Fintech Ripple Sold Over $32 Million in XRP During Q2 2020, Only Sold $1.75 Million of the Digital Asset During Q1 2020: Report

San Francisco based Fintech firm Ripple has released its quarterly XRP Markets Report. The company notes in its report, that as an XRP holder, Ripple “believes proactive communication and transparency are part of being a responsible stakeholder.” During Q2 2020, total XRP sales were valued… Read More

Coinbase Considering Listing Ampleforth, Blockstack, Hedera Hashgraph, Kava, The Graph, Other Digital Assets

San Francisco based crypto exchange Coinbase says it plans to provide support for all assets that meet its technical standards and guidelines, which adhere to applicable laws and regulations. Coinbase notes that eventually, it expects its clients, throughout the world, to have access to at… Read More

San Francisco based Fintech Affirm Is Reportedly Planning an IPO at a $10 Billion Valuation

Many companies have either launched or are at least considering the possibility of conducting an initial public offering (IPO), despite the economic uncertainty created by the global COVID-19 outbreak. San Francisco-based Fintech firm Affirm, which was established by Max Levchin, the co-founder of PayPal, has… Read More

Coinbase Now Claims 35 Million+ Customers, as New Fintech Players Enter the Digital Asset Brokerage Business

San Francisco-based crypto exchange Coinbase has reportedly grown its customer base to over 35 million retail and institutional digital asset investors. The Coinbase team noted in their Crypto H1 2020 report that the digital asset investor market has been maturing and growing steadily with many… Read More

Fintech Firm Affirm Partners with Shopify to Offer Buy Now, Pay Later Installment Plans for Merchants

Affirm,  a point of sale credit provider that is currently working with over 2000 merchants, has teamed up with digital commerce marketplace, Shopify, to offer “Buy Now, Pay Later” installment options for merchants. Approved “Shop Pay” customers will have the option of splitting their total… Read More

Silicon Valley Fintech Unicorn Brex Bolsters Cash Offering with FDIC Insurance, Appoints Chief Legal Officer, Katie Biber

Silicon Valley Fintech Unicorn Brex, the company that’s “reimagining” financial systems for growing businesses, revealed on July 22, 2020, that it has introduced new features and FDIC insurance on its zero-commission cash management account, Brex Cash. As mentioned in a release shared with CI: “These… Read More

Coinbase Pro to Support Crypto Trading Pairs for Algorand (ALGO), Chainlink (LNK), Tezos (XTZ), XRP on July 21, 2020

San Francisco-based crypto exchange Coinbase announced on July 16, 2020, that it will support Algorand (ALGO) at Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers will be able to purchase, sell, convert, send, receive, or store ALGO. The digital asset exchange confirmed… Read More

The Need to Modernize with the Cloud will “Supercharge the Competitive Advantage” of Innovative Banks over Slower Rivals, Fintech Professional Explains

The global COVID-19 outbreak has negatively impacted businesses in many different industries throughout the world. Remote working is increasingly becoming the “new normal” for many people. Employees are able to perform most of their daily tasks from home, and don’t need to be at a… Read More

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