17/04/2021
Zip's Potential Crypto Trading, Rothschild ETH Investment + More News
Adoption news
Major Australian fintech, 'buy-now-pay-later' company Zip Co. is looking at expanding into crypto and stock trading, reported the Wall Street Journal, citing co-founder Peter Gray. Zip may offer the services through its existing app as they try to further engage the younger consumers who make up the majority of their customer base. They would likely roll out the services to their US QuadPay unit, which added 674,000 customers in the third quarter for a total of 3.8m customers. No timeline was given, and it's unclear whether stock or crypto trading would launch first.
Digital banking and payments group Novatti has begun using RippleNet’s On-Demand Liquidity (ODL) service, provided by Ripple, the blockchain company behind the XRP coin - leveraging XRP for cross-border payments. Live now, Novatti expects to process several thousand transactions a month through RippleNet and is planning to quickly scale the service to more fintech customers and other countries in Southeast Asia, said the announcement. The partnership between the companies was first announced last December, and it initially focuses on remittances between Australia and the Philippines through the country’s major non-bank, Filipino-owned remittance service provider, iRemit.
A British billionaire has put his massive property, which overlooks Hyde Park in the exclusive Knightsbridge district of central London, up for sale and said he will accept payment for it in bitcoin (BTC) or ethereum (ETH). Per the Daily Mail, “a source with knowledge of the matter” confirmed that the property tycoon Nick Candy has put the two-story apartment, which houses a private cinema and library, on the market for a cool USD 241.8m. A Candy spokesperson also confirmed the news to Bloomberg. The property also features a 21m swimming pool, sprawls over a whopping 1,672sqm.
Investments news
Chicago-based asset manager Rothschild Investment Corporation recently bought 265,302 shares of the Grayscale Ethereum Trust, its first investment in the vehicle. Per the filing to the US Securities and Exchange Commission (SEC), they also increased their position in the Grayscale Bitcoin Trust to 38,346 shares. On March 31, the shares in the ETH trust were worth USD 4.75m, and those in the BTC trust were worth USD 1.92m.
Celebrity stockpicker Cathie Woods' ARK funds bought more shares of Coinbase worth USD 110m a day after the crypto exchange's Nasdaq debut, Reuters reported, citing the firm's daily trade summary on Thursday.
CBDC news
In an interview with Bloomberg TV, a senior Bank of Japan official, Kazushige Kamiyama, "downplayed the threat of China’s digital currency to the established order as it’s unlikely to be the dominant player in global financial settlements even if China leads the way."
Cr: https://cryptonews.com/news/zip-s-potential-crypto-trading-rothschild-eth-investment-mor-9952.htm
Major Australian fintech, 'buy-now-pay-later' company Zip Co. is looking at expanding into cryptocurrency and stock trading. Meanwhile, Chicago-based asset manager Rothschild Investment Corporation recently bought 265,302 shares of the Grayscale Ethereum (ETH) Trust.
