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Recent Articles

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Euromonitor: Buy Now Pay Later, crypto, digital challenger banks have moved from niche to mainstream at faster pace than expected by experts, highlighting growing emergence of consumer finance independent of traditional financial institutions, fiat money

7-Eleven Korea launches NFT membership service with NFC partner Allink, Kakao's blockchain technology subsidiaries Ground X, Klaytn; service allows consumers who have 7-Eleven NFTs stored in a Klip digital wallet to gain Klay coins when they pay via app

Coinbase swings to Q1 net loss of US$429.7M from net income of US$387.7M last year; total revenue falls 35% to US$1.17B, compared to analyst estimates of US$1.48B, as turmoil in global markets hurt investor interest in risk assets such as cryptocurrencies

Digital currencies exchange Crypto.com's CRO coin falls 17% to US$0.2941 after company cuts rewards to holders of its Visa-enabled pre-paid cards; Obsidian tier card rewards cut to 2% from 5% and Icy White, Frosted Rose Gold tier rewards cut to 1% from 3%

Insider Intelligence forecasts payments made using cryptocurrency will exceed US$10B in total transaction value globally for first time in 2022, up 70% from 2021; number of US adults who own, use crypto for payments to surge by double digits through 2023

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