Fintech News Issue #313 May 6th, 2021

Top Stories

    The war for talent in the fintech space raises a provocative question: Should fintech startups hire executives (and other employees) from traditional banks?

    Visa announced a new partnership with Tala, a digital financial services provider in emerging markets, the goal of which is to provide easier access to cryptocurrencies for underbanked consumers, beginning with USD Coin (USDC), a stablecoin backed by the U.S. dollar and governed by the Centre Consortium. USDC is supported on Ethereum, Algorand, Solana and Stellar blockchains.

    The Federal Reserve is deciding whether to give financial-technology companies more direct access to its payment system after many of the upstarts swelled in popularity during the pandemic.

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