Fintech Focus Roundup For March 7, 2021

Crypto.com is a fast-growing cryptocurrency platform serving more than 10 million worldwide customers. The company’s core products also include a Visa card and DeFi wallet.

“As we prepare for the start of the new season, I am delighted to welcome Crypto.com as a global partner of Aston Martin Cognizant Formula One Team,” said Lawrence Stroll, Chairman, Aston Martin Cognizant Formula One Team.

“I am very impressed by the vision of the Crypto.com management and the tremendous speed at which their platform is growing. I am sure this partnership will bring a fresh perspective to both our businesses and introduce both brands to new audiences. We are proud of our heritage, but as this deal shows we are also a very modern team.”

In light of the demand for a regulated, institutional-grade solution to facilitate digital asset trade, Benzinga chatted with Simon Barnby, CMO at Archax, an exchange for asset-based tokens.

Key Takeaway: “The concept behind Archax is to build an ecosystem, starting with a regulated exchange, which is all about bringing the benefits of crypto, blockchain, and tokenization to the traditional financial markets space,” the CMO said.

In a statement, Jack Henry & Associates said, “Stackfolio joins a financially sound, service-focused technology company that since 1976 has provided the products and services diverse financial institutions need to respond to business opportunities and resolve operational challenges. Our products and services support approximately 9,000 clients and are currently delivered through three primary brands.”

Stackfolio will become a part of the Jack Henry Lending and ProfitStars brand.

In understanding how blockchain can be used to create an incentive-driven, ownership economy, Benzinga chatted with Adi Sideman, founder at Props, a company creating equitable media ecosystems.

Key Takeaway: “Our thesis is that cryptocurrencies and blockchain are ushering a revolution,” Sideman noted. “99% of all apps today will want to take advantage of the power that blockchain and cryptocurrency are unleashing, but are not necessarily going to want to re-engineer their entire business model.”

Key Takeaway: "Maybe some of them will take time to learn our story, and that will help them save money on their mortgage in the future," he said. "Other than that, I don’t think it has any implications besides being interesting to watch."

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