The news this week was dominated by the crypto crash as we heard about layoffs at Coinbase, problems at Celsius and a continued downturn in crypto prices. There was plenty of BNPL news as well.
Most people likely assume their funds are kept in a traditional bank to be drawn upon when transacted because — let's be honest — no one reads the terms and conditions.
One security expert was surprised to learn multifactor authentication (MFA) is not mandatory for PayPal users after the company confirmed a data breach occurred in December.
Another busy news week in fintech with Apple causing quite a stir on the BNPL front. We also had big news from PayPal, the U.S. Senate, Custodia Bank, Checkout.com and more.