# Сопутствующие статьи по теме Fintech

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Fintech", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

The Person Who 'Killed' PayPal Wants to Buy It

A potential acquisition that could reshape the global payments landscape is under discussion, as Stripe—valued at $159 billion—is reportedly considering acquiring all or parts of PayPal, which has a market cap of just $43 billion. The news drove PayPal’s stock up nearly 7%. PayPal has faced significant challenges: its stock fell 46% over the past year amid rising competition from Apple Pay, Google Pay, and agile rivals like Adyen and Stripe. Despite its vast user network of 438 million active accounts and strong presence in cross-border transactions, PayPal has struggled to keep pace with shifting user behaviors and the rise of embedded and social payments. However, PayPal retains valuable assets, including Braintree (processing around $700 billion annually), Venmo (with 100 million monthly active users), and a deeply entrenched global payments infrastructure. A key underlying motive for the deal is stablecoins. PayPal launched its own stablecoin, PYUSD, adopting a centralized approach to digital currency. In contrast, Stripe has pursued an infrastructure-focused strategy, acquiring stablecoin infrastructure firm Bridge and launching “Open Issuance”—a platform that enables businesses to issue their own stablecoins. Stripe is also developing Tempo, a Layer-1 blockchain aimed at challenging traditional settlement networks like SWIFT. A combined Stripe-PayPal entity could create a powerful Web3 payment ecosystem, integrating PYUSD with Tempo’s fast, low-cost transactions and leveraging Venmo’s user base. This could also support emerging use cases like AI Agent payments, where machines transact autonomously using crypto wallets. Regulatory and cultural hurdles remain significant, and the deal is still in early stages. But the talks signal a broader industry shift: future dominance in payments may belong to those who control next-generation infrastructure, not just scale.

比推02/24 23:42

The Person Who 'Killed' PayPal Wants to Buy It

比推02/24 23:42

RedotPay Eyes $1B US IPO at $4B+ Valuation

Hong Kong-based stablecoin payments firm RedotPay is reportedly preparing for a potential US IPO that could raise over $1 billion, valuing the company at more than $4 billion. The company is working with major banks including JPMorgan Chase and Goldman Sachs on the offering, which may occur as early as this year. Launched in April 2023, RedotPay has grown rapidly, serving 6 million users and processing $10 billion in annualized payment volume. It offers stablecoin-linked payment cards, multi-currency wallets, and cross-border payment solutions. In 2025, the company raised $194 million across three funding rounds, achieving unicorn status. The move reflects broader investor interest in stablecoin infrastructure, as firms like RedotPay bridge traditional finance with blockchain-based settlement systems. A successful IPO would mark a significant milestone for the stablecoin payments industry.

TheNewsCrypto02/24 12:27

RedotPay Eyes $1B US IPO at $4B+ Valuation

TheNewsCrypto02/24 12:27

The Payment Empire PayPal Might Be Bought Out

The once-dominant global payment giant PayPal is reportedly facing a potential acquisition, as its market value plummeted from a pandemic peak of $363 billion to a recent low of $38 billion—a nearly 90% drop over five years. Despite its pioneering role in enabling cross-border e-commerce, particularly for Chinese exporters in the mid-2000s, PayPal has struggled to keep pace with newer, more agile competitors like Stripe, Apple Pay, and various neobanks. Recent financial performance has been weak, with active user growth slowing to just 1% and transaction volume declining. The abrupt departure of its CEO and appointment of a new leader from HP—known for cost-cutting rather than product innovation—has fueled market skepticism. Critics, including former executive David Marcus, argue that PayPal lost its "mojo" by shifting from a product-driven to a finance-oriented culture, sacrificing long-term vision for short-term financial optimization. While subsidiary Venmo shows strong revenue growth and has become a verb among U.S. millennials, it faces challenges: user growth is stagnant, it remains confined to the U.S., and it lacks deeper integration like Stripe or the hardware-level ease of Apple Pay. PayPal’s bets on stablecoins (PYUSD) and AI-driven agentic payments are still unproven in highly competitive fields. Despite valuable assets—including Braintree’s infrastructure, a leading BNPL service, and 400 million active accounts—PayPal’s future as an independent company is uncertain. Market confidence now seems higher in a potential acquisition than in its standalone prospects, marking a dramatic fall for a former fintech disruptor.

marsbit02/24 11:44

The Payment Empire PayPal Might Be Bought Out

marsbit02/24 11:44

The War Between Stablecoins and Banking May Not Actually Exist

The article argues that the perceived war between stablecoins and traditional banking is largely illusory, drawing a parallel to the "Javon's Paradox" where technological efficiency (like ATMs) expands, rather than shrinks, an industry. From the supply side, blockchain and stablecoins are dismantling fragmented global payment infrastructures, replacing them with a single, open ledger. This drastically reduces the cost and complexity of offering financial services, enabling companies like Sling Money to operate globally with a small team. Examples like M-Pesa in Kenya and UPI in India show that lowering transaction costs to near zero leads to a massive expansion in financial inclusion, serving previously unbanked populations. On the cost side, the piece highlights the immense compliance burden on banks, which spend hundreds of billions annually on tasks like auditing and reconciling opaque transactions across correspondent banks. Shared ledger technology directly solves this by providing a single source of truth, eliminating reconciliation layers. Projects like J.P. Morgan's Onyx and the Canton Network demonstrate how banks are using this technology to achieve near-instant settlement and free up trapped capital. The convergence of these forces—lower barriers to entry and reduced internal operational costs—points to a future where more financial services are available to more people at a lower cost, much like cloud computing democratized access to computing power. The conclusion is that stablecoins will not destroy the banking system but will instead become a foundational infrastructure upon which more products are built, ultimately expanding the entire market.

Odaily星球日报02/23 12:47

The War Between Stablecoins and Banking May Not Actually Exist

Odaily星球日报02/23 12:47

How to View the Era of Neobanks After the Decline of Crypto?

The article explores the emergence of "crypto neobanks" as the next evolution in digital finance, moving beyond the interface-level improvements of fintech neobanks to rebuild the very backend of banking using blockchain technology. It frames banking around four core functions—Store, Spend, Grow, and Borrow—and analyzes how crypto is creating permissionless, global, and programmable alternatives for each. The piece maps the competitive landscape, from self-custody wallets (like MetaMask and Ledger) and stablecoin cards to on-chain trading (e.g., Hyperliquid) and lending protocols (e.g., Aave, Morpho). It argues that the path to success lies in capturing high-velocity money flows—starting with high-frequency activities like trading and borrowing before expanding to spending and storage. Key challenges include achieving privacy-compliance parity, enabling real-world composability with legacy systems, leveraging permissionlessness for global scale, and solving undercollateralized consumer lending—the "holy grail" for mass adoption. Ultimately, crypto neobanks aim not just to be new apps but to establish a new foundational轨道 (轨道) for how money moves.

marsbit02/22 06:13

How to View the Era of Neobanks After the Decline of Crypto?

marsbit02/22 06:13

The Second Curve of a Global Top Internet Celebrity: MrBeast's Fintech Gambit

MrBeast, the world's top YouTuber with 467 million subscribers, is aggressively expanding into fintech. Despite his massive content success, his media business reportedly operates at a loss due to extremely high production costs. His profitable ventures, like the Feastables chocolate brand, now serve as cash cows. In a major move, Beast Industries acquired Step, a financial app for teens and Gen Z focused on building credit and savings, aligning with MrBeast's young audience. This follows a $200 million investment from Bitmine and a broad "MRBEAST FINANCIAL" trademark filing covering banking, crypto, and investment services. Key executive Jeff Housenbold is driving operational discipline and profitability. However, the expansion raises concerns about targeting minors with financial products and potential regulatory clashes with MrBeast's high-energy, gamified content style, especially given past controversies around crypto promotions. The strategy leverages his unparalleled reach but risks trust if not managed with extreme care.

marsbit02/21 05:59

The Second Curve of a Global Top Internet Celebrity: MrBeast's Fintech Gambit

marsbit02/21 05:59

XDC launches real-world USDC spending as stablecoins cross $307B

Stablecoins, with a total market capitalization exceeding $307 billion, are primarily used for behind-the-scenes financial transactions. However, a new partnership between XDC Network and OrbitX Pay aims to bridge the gap between on-chain assets and real-world commerce. This integration will allow users to spend USD Coin (USDC) held on the XDC network directly at any merchant that accepts Visa, functioning like a regular card payment. The goal is to reduce reliance on costly and time-consuming fiat currency conversions and third-party off-ramps. Ritesh Kakkad, co-founder of XDC Network, sees this as a move towards everyday blockchain utility. Similarly, OrbitX CEO Ankitt Guar stated the initiative aims to reduce friction by keeping users in control of their assets while connecting to global payment networks. This development occurs as stablecoin adoption grows. A BVNK research report found that 56% of stablecoin users plan to acquire more in the next year, and over half increased their holdings in the past year. Notably, about 35% of income for freelancers and sellers is received in stablecoins on average. The move underscores the evolution of digital assets from speculative instruments into practical tools for daily spending, though meaningful adoption of such integrations remains an open question.

ambcrypto02/18 15:03

XDC launches real-world USDC spending as stablecoins cross $307B

ambcrypto02/18 15:03

When AI Reshapes the Shopping Journey, How Much Time Does PayPal Have Left?

PayPal's recent $200 million acquisition of Cymbio signals a strategic pivot to remain relevant in the emerging era of "Agentic Commerce," where AI agents increasingly handle product discovery, decision-making, and purchasing on behalf of users. This move aims to transform PayPal from a Web2 payment button into an embedded infrastructure layer within AI-driven commercial workflows, covering discovery, checkout, and fulfillment. The competitive landscape is rapidly evolving: Google and Shopify are developing the Universal Commerce Protocol (UCP) to control the routing layer, while OpenAI and Stripe are advancing the Agentic Commerce Protocol (ACP) to enable AI agents to execute transactions. Stripe, in particular, is positioning itself as the default "action layer" for AI commerce, mirroring its success as the internet’s payment API. Major forecasts suggest Agentic Commerce could capture $1 trillion in U.S. retail sales by 2030, representing up to one-third of online retail. For PayPal, Stripe, and other fintech players, the challenge is to embed themselves into these new protocol-based ecosystems—or risk being sidelined. Banks retain advantages in clearing and compliance but must adapt quickly, while crypto remains largely absent from current frameworks, presenting both a risk and potential opportunity. PayPal’s acquisition is less an offensive move than a necessary bid to maintain its seat at the table.

marsbit02/18 12:38

When AI Reshapes the Shopping Journey, How Much Time Does PayPal Have Left?

marsbit02/18 12:38

Visa Expands Stablecoin Strategy as Quantoz Joins as Principal Member in Europe

Visa has expanded its stablecoin strategy by welcoming Dutch payment company Quantoz as a principal member in Europe. This partnership enables Quantoz to issue Visa-branded virtual debit cards backed by its regulated digital money tokens, including USDQ, EURQ, and EURD, which maintain a 1:1 value with the US dollar and euro. Users can spend these tokens online and in-store via mobile wallets, making stablecoins usable for everyday payments. As a principal member, Quantoz can issue Visa cards directly without relying on banks and act as a BIN sponsor, allowing other fintech firms to launch their own stablecoin-linked debit cards using its membership. Quantoz’s tokens are issued under a Dutch central bank license, with funds held 1:1 in safeguarded accounts and protected by a bankruptcy-remote structure including a 2% reserve buffer. This move follows similar initiatives, such as Visa’s partnership with UK-based BVNK earlier this year, signaling a growing effort by traditional payment networks to integrate stablecoins into daily transactions.

TheNewsCrypto02/18 11:33

Visa Expands Stablecoin Strategy as Quantoz Joins as Principal Member in Europe

TheNewsCrypto02/18 11:33

Robinhood Plans $1 Billion IPO to Expand Retail Access to Private Markets

Robinhood has announced a $1 billion IPO to expand retail investor access to private market securities, which have traditionally been difficult for individual investors to enter. The funds will be used to develop technology infrastructure, enhance compliance, and provide educational resources for private equity and venture investments. The company aims to democratize investment opportunities in early-stage companies and plans to list on a major U.S. exchange after regulatory approval. This move may set a precedent for other fintech firms and accelerate competition in private market access, though challenges such as pricing uncertainty and investor protection remain.

TheNewsCrypto02/18 09:58

Robinhood Plans $1 Billion IPO to Expand Retail Access to Private Markets