FinTech Magazine - May 2021 | Page 14

GLOBAL NEWS

1 USA

Jack Dorsey launches in-house bank through Square Inc
Twitter CEO Jack Dorsey has stated that his fintech venture Square will be launching a new , in-house bank . The move is apparently rooted in Dorsey ’ s operational philosophy : remaining nimble in a highly competitive environment is important , and he is confident Square Financial Bank will allow that .

5 THE PHILIPPINES

Cryptocurrency to become mainstream in the Philippines
The COVID-19 pandemic has spurred on an accelerated interest in crypto-related tech , as digital payments infrastructure becomes evermore ingrained . The Philippines is reportedly now at the global forefront for high-speed cryptocurrency adoption .
14 May 2021