Walmart (NYSE: WMT), the largest retailer in the world with over $500 billion in revenue, is getting into Fintech with longtime Fintech investor Ribbit Capital, according to a release. The startup is expected to provide “modern, innovative, and affordable financial solutions.” The Fintech will be… Read More
India-based digital payments firm PhonePe has branched out from its parent company, the Walmart-owned Flipkart Group. PhonePe is now valued at an estimated $5.5 billion, the company confirmed on December 3, 2020. According to the announcement, Flipkart will maintain its own majority stake of 87%… Read More
StormX, which allows users to complete gamified micro-tasks or shop online while earning as much as 87.5% cryptocurrency back as a StormX rewards member, is now allowing customers to earn cashback in digital currencies when they shop at a Walmart store. StormX users will be… Read More
Oakland, California based Fintech firm Even aims to improve the financial wellbeing of workers and also wants to help people become better money managers. PayPal Ventures, Valar Ventures, Founders Fund, and Marc Benioff have recently made investments in Even. Even claims it’s the only Fintech… Read More
India-headquartered PhonePe, a major digital payments platform, has been diversifying its line of products and services, which initially included only a mobile wallet (and a few other services). PhonePe is planning to become a full-fledged financial services firm, and has been working toward this goal… Read More
Walmart Canada (NYSE:WMT) and DLT Labs have announced the launch of the, “world’s largest full production blockchain solution for industrial application.” The system is a “blockchain-based” (or distributed ledger technology) freight and payment network that, “establishes state-of-the-art collaboration and information sharing with 70 third-party trucking companies… Read More
Walmart Inc. (NYSE:WMT), a Bentonville, Arkansas headquartered multinational retail corporation, is partnering with tech giant IBM, in order to use blockchain technology to monitor its shrimp supply chains. Walmart will be using distributed ledger technology (DLT) to track Indian-sourced shrimp delivered to several Sam’s Club… Read More
Walmart is looking to create a digital coin similar to Facebook’s, but the coin’s design and its connection to a universe of real products suggest the world’s largest retailer is hoping to create a loyalty system on overdrive. According to Walmart’s patent for the coin… Read More
On Thursday, PayPal announced it has formed a new partnership retailer giant Walmart to begin rolling out PayPal cash in and cash out money services at Walmart for an exclusive fee of $3 per service. According to PayPal, this is the first time PayPal mobile… Read More
“…(T)he traditional paper-based method of capturing information…at many farms, packing houses and warehouses…is extremely time-consuming,” says retail giant Walmart, and has exaggerated the impact of recent food contamination crises in the US. Walmart will therefore be requiring its suppliers of romaine lettuce to begin tracking… Read More
Walmart has successfully obtained a patent on a compelling system for storing medical records on blockchain that can be accessed in emergency situations, CCN reports. But is a blockchain really required? The proposed system would allow first responders on the scene of an emergency to… Read More
On Tuesday, retail giant Walmart announced the launch of its new global wire service, Walmart2World. The company revealed that four years ago it changed the “money transfer game” with the introduction of Walmart2Walmart, which is a domestic money transfer service that offered lower cost, which… Read More
On Wednesday, retail giant Walmart announced it has teamed up with fintech startups Even and PayActiv to provide a suite of new financial wellness services for its more than 1.4 million associates nationwide. According to the retailer, this new financial solution will allow its associates… Read More
GNS3 Technologies has to announces that their crowdfunding campaign on Tilt Open has achieved record breaking status. GNS3’s modest $35,000 goal was surpassed by 1400%, raising over $600,000 from 13,000 contributors from more than 80 countries. The funding will help to further develop the GNS3… Read More
“Black Friday” is the term given to the Friday after Thanksgiving. It’s the unofficial start to the holiday shopping season and the day that many retailers go from being “in the red” to “in the black” for the first time all year. It’s also become… Read More
Crowdfund Insider is the leading news and information web site covering the emerging global industry of disruptive finance including investment crowdfunding, Blockchain peer-to-peer / marketplace lending and other forms of Fintech.
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