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Welcome to another episode of our Daily Fintech Podcast.
This podcast episode is sponsored by Mercuryo. With the help of their cryptopowered toolbox, Mercuryo enables companies to take advantage of both fiat and crypto worlds and provide innovative payment solutions for end-customers.
THE NEWS HIGHLIGHT OF THE DAY IS
Online platforms for mobile payments and financial technology will play a big role in boosting the economy, President of China, Xi Jinping has declared. This is the most positive signal for the revival of Big Tech after almost two years of crackdowns and regulatory scrutiny of the fintech industry.
JUST IN:
Qatar National Bank (QNB Group) has become the first bank in Qatar to launch mobile payment services WeChat Pay and Alipay+.
ALSO:
Start-ups in Africa have raised more than $3 billion in the first half of 2022 and recorded their strongest June, Q2 and H1 ever.
FURTHERMORE,
San Antonio-based fintech company Usio, Inc. sent a letter to shareholders Tuesday announcing that New Jersey partner Voyager Digital is hitting the brakes on trading, deposits, and withdrawals — which could cause Usio's revenue to take a hit.
WHAT ABOUT CRYPTO?
Binance has embarked on an aggressive expansion plan in Southeast Asia where the cryptocurrency exchange is looking to capitalize on booming trading activity to establish leadership in the region and build influence in local markets.
WHAT ARE THE LATEST INSIGHTS?
A record 125 new European Unicorns?have been minted in the past year. More than the last three years combined. Although Europe’s Unicorn party is slowing, the situation is not as doom and gloom as headlines would suggest. Activity persists and founders that react quickly and decisively will be able to seize unique opportunities