Fintech Focus For May 25, 2021

Quote To Start The Day: “Quality means doing it right when no one is looking.”

Source: Henry Ford

One Big Thing In Fintech: Square Inc., whose technology has already upended the way small businesses take card payments, is quietly preparing to offer checking and savings accounts to those customers, taking direct aim at behemoths such as JPMorgan Chase & Co.

Source: Bloomberg

Other Key Fintech Developments:

• Fintech targeting healthcare puzzle.
• MayStreet expands APAC coverage.
• Musk tackles BTC mining problems.
• Square alumni tap $12.8M for Found.
• The evolution of the virtual trade floor.
• Chinese BTC miners face regulation.
• Stavvy taps $40M for home closings.
• Viva First selected MX for bank tech.
• Softbank funds Zeta $250M to grow.
• Unpacking Aragon’s voting solutions.
• Coinbase added Goldman executive.
• Voyager Digital expanded leadership.
• Investors bet on new fintech trends.
• mx51 raises $25M in funding round.
• Moov taps Fiserv executive as CTO.
• CoinSwap offering huge token yields.

Watch Out For This: Florida Monday became the first state in the U.S. to broadly regulate social media platforms' moderation of user speech online.

Source: Axios

Interesting Reads:

• US is warning against Japan travel.
• Retail, restaurant automation rises.
• Ray Dalio said he has some bitcoin.
• Lyft, Uber begin free vaccine rides.
• WH eyeing $1B for weather events.
• Why Ford EVs have radio antennas.

Market Moving Headline: Cathie Wood, chief executive officer and chief investment officer at Ark Investment Management, says the correction in commodities prices is one sign that the U.S. economy is poised for a "massive" period of deflation.

Source: Bloomberg