Futurum Research Senior Analyst, Steven Dickens provides his take on the announcement this week of the partnership between remittance network provider Strike and Twitter. As the world of finance becomes increasingly disrupted by new entrants and cloud native players, the landscape just changed dramatically as a social network with over 300 million global users partners with an innovative fintech to disrupt the old guard of the likes of Visa, PayPal, Mastercard and Western Union.
Mastercard’s Acquisition of CipherTrace Will Bolster Crypto Capabilities
Futurum Research Senior Analyst, Steven Dickens provides his take on the acquisition by Mastercard of CipherTrace. As bitcoin and cryptocurrencies move more and more into the mainstream the legacy financial services players need to bolster their capabilities to process these new digital assets. The acquisition of on-chain analytics company CipherTrace by Mastercard is a lead indicator that this trend will only increase.
Following PayPal Lead, Visa, Mastercard, Stripe and Others Bail on Facebook Libra
Mastercard, Visa, Stripe, eBay, and Mercado Pago all bail out of Facebook-led Libra cryptocurrency project, likely due to fears of increased regulatory scrutiny to their own businesses as a result of their participation. Can’t say I blame them.