FinTech

Alibaba Group Holding Ltd., has announced pricing for its soon-to-come share listing in Hong Kong. Estimated to have a target to raise $13.8 billion, the company will be selling 12.5 million shares exclusively to retail investors and has pegged it at HK$188 per share. Roughly $24, the sale will easily take its place as Hong Kong’s most expensive initial sale in history.The company plans to sell a total of 500 million ordinary shares in the Hong Kong listing, finally placing its focus on the...

Revolut, the Britain-based digital banking and investing app is currently in discussion with global investors to push its expansion plans. As per the Reuters report, Revolut is planning to raise nearly $500 million as the company plans to expand its operations to Japan and the United States.On Tuesday, November 12, during an interview with Reuters, Revolut CEO and co-founder Nikolay Storonsky said:“We want to raise at least $500 million in direct equity and potentially, maybe at a later...

In one sudden and swift move payments giant PayPal has cut off the thousands of performers on adult behemoth Pornhub that depended on the payment service to receive their payments. The pornographic platform indicated this in a blog post in the help section on the website. They wrote:“We are all devastated by PayPal’s decision to stop payouts to over a hundred thousand performers who rely on them for their livelihoods.”This, of course, has fundamentally changed the way and manner in which the...

Motorola has announced its next smartphone, a rehash of the much older Razr flip phone series which was initially released back in 2003. The new Razr which is scheduled for release next year will be foldable but unlike its ancestors, will have no buttons.For some, it would seem like phone makers are becoming quite reminiscent of the old days when mobile phones came in more shapes and sizes, with some of them designed as foldable flip phones. In late September, Samsung released its Galaxy...

PayPal suspends services for Pornhub. Over a hundred thousand pornographic actors are now cut off. Cryptocurrencies could thrive as a censorship-resistant payment method. In a drastic move, PayPal suspended its services to the world’s largest free pornographic site, Pornhub. Although the reasoning behind it is unknown, this could be an opportunity to show the intrinsic value that cryptocurrencies have. Traditional Services Without Censorship Resistance PayPal’s decision to stop payouts to...

A new kind of bitcoin trading platform is making its way to the front of the crypto line. Developed by brothers David and Ed Sapper, the platform – known as Block Bid – works as a way of allowing people to utilize crypto the way they would cash on PayPal.Block Bid – The PayPal of Crypto?David, the company’s co-founder and chief operating officer, stated in an interview:It’s engrained in our heads that no matter what website we go to, no matter what we buy, if it’s a PayPal checkout bot on the...

The latest reports reveal that Dell Technologies Inc plans to offer its business clients more flexible and on-demand buying options for various products. Some of the products featured in the new plan include personal computers and servers. This move is believed to aim at countering the lure of cloud services offered by Microsoft Corporation and Amazon.com Inc.Customers can now use Dell’s hardware on their consumption. They can use it as a service or via a subscription called the Round Rock, a...

Photo: Disney+ / TwitterIn spite of steaming problems, Disney+ that offers all the premium content from Pixar, Disney, the Marvel Cinematic Universe and about 30 seasons of the Simpsons launched yesterday and sent Disney’s stock soaring. Initially, many users couldn’t access the streaming platform.And this is why you have load balancers. SMH another company trying to be cheap. @disneyplus #DisneyPlus pic.twitter.com/kNrR0PPn6B— Jared (@Geek38641) November 12, 2019And many of them were not...

Anlässlich der FinTech-Week in Singapur stellte Wirex eine neue Visa Travelcard vor. Im asiatisch-pazifischen Wirtschaftsraum erlaubt die Debitkarte die Bezahlung mit Fiatwährungen sowie mit Bitcoin und Co. Wirex versucht immer wieder mit neuen innovativen Läsungen wie neulich einem Bonusprogramm, neue Kunden zu gewinnen. Neue kryptofähige Debitkarte für die APAC-Region Auf der FinTech-Week in Singapur kündete der Zahlungsdienstleister Wirex eine neue Debitkarte an. Die Visa...

FCA-regulated payment platform Wirex, has announced a new offering for its customers, called the Wirex Visa Travelcard. Making the announcement at the Fintech Festival held in Singapore, the London-based financial services company said that it hopes the card would give its users the much-needed ease required for them to initiate and settle different kinds of transactions using both digital currency and fiat. The travel card is powered by VISA and is accessible and usable for all of the...