Welcome to your daily FinTech news!
NEWS HIGHLIGHT
Coinbase's CEO warns investors of a long crypto winter lasting longer than 12 or 18 months. Armstrong hinted that while he hopes the bear market wraps up in that time, the largest U.S. crypto exchange is preparing for an even more extensive downturn. Link here
FINTECH NEWS
#breakingnews

Zip’s loss widens as inflation chokes. BNPL operators have seen their valuations collapse as reduced customer spending and rising interest rates have squeezed margins. Link here

#greenfinance

Solarvest unveils the first renewable energy fintech platform in Malaysia. Powervest aims to create a digitalised experience for its clients, enabling a seamless onboarding process. Link here

#fintechinnovation

Belfrics launched its operation in Mexico, serving the country’s growing blockchain, crypto, and digital asset market. Introducing a blockchain-based wallet and remittance solution. Link here
Ripio’s prepaid crypto card launched in Brazil. Payments can be made in any of 28 different cryptocurrencies, and the debit card also offers 5% cashback rewards in bitcoin. Link here
Webx and Paymob will be launching Webx Pay in Pakistan. WebxPay guarantees to cut the merchant’s payment setup time by offering access to comprehensive payment services. Link here