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Global transaction volumes for mobile payments will grow from 26 billion in 2021 to 49 billion in 2023, representing a growth of 92%, according to new. ....
Crystal Blockchain: Peer-to-Peer Exchanges Need Regulation to Lower Money Laundering Risk At the V20 Summit in November 2020, the Financial Action Task Force (FATF) announced that regulatory requirements for peer-to-peer (P2P) exchanges along the lines of those for Virtual Asset Service Providers (VASPs) will likely emerge in 2021 to combat money laundering (ML). The FATF is now collecting data on these exchanges to allow their guidelines to reflect P2Ps. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210203005351/en/ Volumes (in BTC and USD) sent to and received by P2P Exchanges 2019-2020 (Graphic: Business Wire) ....
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The COVID-19 pandemic has given the global fintech market a boost, with firms in areas including digital custody, digital asset exchange, digital savings, wealthtech and digital payments recording above-average increases in transaction volume in H1 2020, according to a joint study by the World Bank, the Cambridge Centre for Alternative Finance at the University of Cambridge’s Judge Business School, and World Economic Forum. The 2020 Global COVID-19 Fintech Market Rapid Assessment Study, released on December 3, shares findings from a survey of 1,385 fintech firms operating in 169 countries. The research found that across 13 fintech verticals, only digital lending saw a contraction in H1 2020, recording a drop of 8% in transaction volume and numbers of transactions, as well as a 6% decrease in the number of new loans issued. ....