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Fintech Nexus Newsletter

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Every day the Fintech Nexus News team writes original stories from around the world, and we archive them chronologically on this category landing page.

Crypto

·Sep. 13, 2021

Walmart-Litecoin partnership news release pure bull

The Walmart Litecoin fake post brought the coin price from $175 up to $231.

Someone, or a group of people, likely made a lot of money on a pump and dump. According to Coinmarketcap, the coin's trading volume tripled from $2.4 billion to $6.3 billion in the hour after the article went live.

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Payments

·Sep. 14, 2021

Square announces Pay With Cash App

The firm joins Shopify and Paypal in the burgeoning fintech payments race.

The new system is unique, creating a closed network outside of the giants that make POS possible.

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Mergers & Acquisitions

·Sep. 15, 2021

Another one Buys Now Pays Later: Goldman acquires GreenSky

Wednesday morning Goldman Sachs, not looking to be left behind, announced it would be acquiring GreenSky for $2.24 billion.

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Regulation

·Sep. 16, 2021

Senate banking hearing grills Gensler on SEC regs, crypto, retail investing, and more

Gensler said his biggest worry about the equity market was competition and consolidation. While retail investing has taken off, the PFOF that enables it is ripe for conflict of interest.

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Fintech

·Sep. 17, 2021

NYC Moonshot challenge: $20k to fintech that promotes inclusion in Bronx

The city is willing to shell out prize money for new ideas to build better communities, financial first.

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Payments

·Sep. 21, 2021

Trouble in pay-radise: Surveys show rising BNPL default rates

As the sparkling firecracker news of acquisitions, plans, and partnerships in the BNPL space fizzle, oversight reporting has sprung up. A Credit Karma survey found that of those who used BNPL, more than half of the younger crowd missed at least one payment.

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Lending

·Sep. 21, 2021

Amazon announces partnership with Lendistry for SMB lending

A longtime SMB lender toward its own seller network, Amazon will begin offering official short-term loans up to $100,000.

“Amazon came to us with this incredible idea,” CEO and Founder Everett K. Sands said.

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Banking

·Sep. 22, 2021

LendIt Fintech & Amount team up on BNPL survey

LendIt Fintech has teamed up with leading fintech firm Amount to put together a survey asking banks and fintechs about launching a BNPL credit product.

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NFTs

·Sep. 28, 2021

Tom Brady, Tiger Woods join growing surge of NFTs

Most NFTs function right now as digital collectibles, traded on marketplaces like the ever-popular OpenSea.

The site saw $3.4 billion in trading volume in August, 10 times the trade volume in July.

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Fintech

·Sep. 30, 2021

Nahmii aims to push Layer 2 solutions into commercial viability

Jacobo Toll-Messia’s mission is to scale Layer 2 solutions to the point where they become viable commercial uses and he wants Nahmii to take it there.

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