We lead the news this week with announcements from both PayPal and Visa which will bring crypto closer to becoming a real payments tool. There are more digital banks launching, Plaid is close to a new round of financing and Affirm is getting into vacation financing. Here are what I consider to be the top 10 most important fintech news stories of the past week.
PayPal launches crypto checkout service from CNBC – The big knock on bitcoin has been that it never caught on as a form of payment. Now, PayPal is allowing its millions of U.S. consumers to use their crypto holdings to pay at any merchant that accepts PayPal.
Walgreens to launch digital bank accounts this year from Banking Dive – Another big retailer is getting into digital banking with Walgreens announcing this week they will be launching bank accounts that will be available both online and in store through a partnership with MetaBank.
Affirm Teams With Vacation Platform Vrbo from PYMNTS.com – Affirm is bringing its popular buy-now-pay-later model to vacations with a zero-interest financing offer valid for travel plans booked through April 11.
2021 Google Search Trends in Digital Banking, Payments & Fintech from The Financial Brand – Fascinating research on trends in Google search. While it is no surprise that the term fintech is growing dramatically as a search term it was interesting that SoFi is the most searched for digital bank (ahead of Chime and Varo).
Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.