Teleport (YC S15) | Backend Engineer | US, Europe, Canada, Remote OK | https://goteleport.com
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Press release content from PR Newswire. The AP news staff was not involved in its creation.
NYDIG Strengthens Leadership with Appointment of Jacqueline D. Reses to Board of Directors
January 26, 2021 GMT
(PRNewsfoto/NYDIG)
NEW YORK, Jan. 26, 2021 /PRNewswire/ NYDIG, a leading provider of technology and investment solutions for Bitcoin, announced today that Jacqueline D. Reses has been appointed to its Board of Directors. Ms. Reses is a veteran entrepreneur with extensive public company board experience, and a member of the Federal Reserve Bank of San Francisco’s Economic Advisory Council. Ms. Reses will maintain a particular focus on the expansion of NYDIG’s growing Platform Solutions business, enabling insurance companies, banks, and fintechs to offer bitcoin-related services, working closely with NYDIG’s newly-appointed President, Yan Zhao.
PayPal: A general in the war on cash
Digital and mobile payments company PayPal is coming off its best year as a public company, returning 116% in 2020 and expanding its market lead in the online payments space. But there is far more room for PayPal to run as it continues to strengthen and add capabilities to thrive over the next decade or more and as the trend away from cash to digital payments accelerates.
Image source: Getty Images.
PayPal added 15.2 million net new accounts in the third quarter, bringing its total to 361 million accounts, which is up 22% year over year. It did $4 billion in payment transactions, up 30%, and $247 billion in total payment volume, up 38%. Its mobile app Venmo, which allows people to send and receive money, saw a 61% year-over-year spike in payment volume to $44 billion. Venmo should be a cash cow going forward in the shift to mobile payments. Previously, it was only for person-to-person transaction, but now customers can use Venmo for merchant
Author Bio
Matt is a Certified Financial Planner based in South Carolina who has been writing for The Motley Fool since 2012. Matt specializes in writing about bank stocks, REITs, and personal finance, but he loves any investment at the right price. Follow him on Twitter to keep up with his latest work!
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Bitcoin has been a hot topic in the investing world recently, and it isn t hard to see why. The leading cryptocurrency recently hit a fresh all-time high and is up by about 240% so far in 2020. Plus, institutional interest from hedge funds and corporations has increased to its highest level yet.
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