monthly wrap up june 2021

Monthly Wrap Up: June 2021

We are mid summer and ready for the holiday! But before we put our flip flops and pack our luggage, let’s take a retrospective look at the fintech industry. What were the main highlights of the last month? What should you be aware of and where lie potential new market developments? Let’s recap… Visa announced it has signed a definitive agreement to acquire Tink, a European open banking platform. The Banque de France, Swiss National Bank and the BIS Innovation Hub have announced they will trial a wholesale central bank digital currency (CBDC). PayPal vets to launch decentralised cross-border payment network. HSBC bolsters Hong Kong offering with AI-powered equity index product. El Salvador became the first country to make Bitcoin a legal currency. Mark Cuban-Backed Personal Finance App Dave to Go Public in $4 Billion SPAC Deal. EU is planning on launching 27 state-wide digital wallet for private and public services and UK fintech Wise set to list in London on July 7. Sign up for the newsletter to stay on top of the latest fintech market developments!

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