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Will impressive numbers on Apple Pay's first day in China convince doubters?
FinTech
So Apple Pay has wrapped up its first day in China and already we have some impressive numbers. According to Tech In Asia, the local media are claiming that as many as 80, 000 cards were being registered with the platform every minute following the Thursday's launch. However, the naysayers have been quick to poor cold water on the figure,
Video: Chinese investors coming to London, the second largest hub for offshore renminbi trading
FinTech, Video
  Chinese investors are taking a closer look at London -- now the second largest offshore trading center for renminbi, says Gordon Innes, CEO, London & Partners. In an interview with NexChange, Gordon discusses what makes London such a magnet for fintech entrepreneurs and investors.
Say thank-you to these fintechs. They are making it possible to buy pot legally in the US
FinTech
As legalization spreads across the U.S., marijuana is becoming big business. Startups keen to capitalize on cannabis have sprouted up all over the country and the plant's popularity as a medicinal aid and a recreational drug is growing. But it's not an easy business. While some states now tolerate the trade, the same can not be said of the many banking institutions
Apple Pay branches into China this week -- finally
FinTech
So, Apple is rumoured to be launching its Apple Pay service in China this week. According to Tech In Asia, news of the launch was leaked by China Guangfa Bank via its WeChat account. China Guangfa -- one of the several banks with UnionPay cards that have teamed up with Apple -- says the new service will launch on Thursday,
Ethereum is not a cryptocurrency and five other fun facts
FinTech
As the focus shifts more to blockchain, bitcoin is starting to look more like a flash in the pan. Not only has the price of bitcoin stumbled since the beginning of the year, but disagreements over the cryptocurrency's future has led to some of its major developers walking away from the project. Interest, it seems, is waning. The same cannot be
The United States of Startups: The most well-funded tech startup in every US state
FinTech
The tech boom has diffused beyond the traditional hotbeds in California, New York, and Massachusetts, across the the entire United States. Other states are home to well-funded and well-known startups, including Jet (New Jersey), LivingSocial (DC), and sports e-commerce company Fanatics (Florida). The less well-known include Minnesota-based Code42 Software, which has raised $137.5M in equity funding to date. Using CB Insights data, we analyzed the most well-funded
New bitcoin rival currency will offer more anonymity, say its creators
FinTech
The currency, now in alpha testing, will deploy mathematical techniques that let users keep transaction parties and amounts encrypted. Digital currencies like bitcoin are touted for their anonymity. But in practice, it can be possible to trace transactions across the shared bitcoin ledger known as the blockchain and figure out who's sending bitcoin to whom. The creators of a new
Video: Former CFTC official says US ahead on regulatory reform vs overseas peers
Former CFTC Commission Bart Chilton tells NexChange that the Dodd-Frank reform is about 70% complete -- putting it ahead of European and Asian regulators implementing new rules to make the financial community safer. Chilton shared his insights during a recent LaunchTalks panel on regulation and fintechs. Disclosure: Bart Chilton is a senior advisor to NexChange.
Battle for China’s payments market heats up as UnionPay faces something new: competition
FinTech
China’s payments industry is preparing for an arms race, according to recent research by a leading investment bank. The combatants are the incumbent China UnionPay and the challengers are Alipay and Wexin Pay who will square up for dominance in the non-cash merchandise payment market, argues Jeffries in a recent client note. At present UnionPay is the only interbank network in China, so
5 must-have apps for market technicians
FinTech
Trading the stock market can be extremely challenging and frustrating at times. However, there’s no question that there is a nearly unlimited financial opportunity on a daily basis for traders who consistently make the right calls at the right time. To come out on top, traders need the resources and wherewithal to compete with the best minds (and algorithms) in