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Stripe again launches Crypto & NFT Payment Support

American payment giant Stripe, which is the third most valued startup in the world, announced on Thursday that it is launching Crypto & NFT payment support. The company has unveiled wide-range of products for giving easier access to tools and APIs that will make easier for customers to buy & store cryptos, trade NFTs and handle compliance workflows like Know Your Customer (KYC). This is Stripe’s second outing with Cryptos, with its first inning ending in a discorded note. Stripe had ended all its support for ‘Bitcoin payment’ in 2018. Back then Stripe had called cryptos payment as ‘less useful’ (Read more)

2)

DuckDuckGo (Google’s rival) to downrank Russian Content

Mirroring its arch rival Google, DuckDuckGo has also started joining the bandwagon of censoring Russian content. DuckDuckGo’s CEO Gabriel Weinberg announced that that privacy focused search engine has started demoting websites that are known for supporting Russian propaganda. Weinberg made this announcement on his Twitter handle and said that he was feeling equally sick over Russia’s military invasion against Ukraine (Read more)

3)

Google rolls out Air Raid Alerts in Android Phones in Ukraine

Google on Thursday made an important announcement in its ongoing effort to help Ukrainians in coping against the ongoing Russian invasion. The tech giant announced that going forward rapid Air Raid alerts will be natively integrated in all android devices sold in Ukraine. Google said that it took this step after repeated request from the Ukraine government. This feature will send alters to users in designated location where there is huge possibility of air strikes (Read more)

4)

Pinterest expand shopping features with Shopify checkout integration

Pinterest on Thursday announced slew of new shopping features as it sought to give a major push to its e-commerce business. These announcements were made as part of its annual advertising summit. Among the several new features, the most notable feature is the Shopify checkout integration. This integration will allow Pinterest users to complete the shopping transaction within the app (Read more)

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Facebook to temporarily allow violent content against Russian Soldiers & Putin

Facebook and Instagram have temporarily amended its content policy that allow users to post violent messages against Russian soldiers and even political leaders including Vladmir Putin. Both these social media platforms have implemented these changes only in selected countries including Ukraine. But users posting these violent messages will have to follow certain guidelines (Read more)

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U.S payment major Stripe INC announced on Wednesday that it is all set to acquire Bengaluru based  reconciliation specialist startup Recko for undisclosed amount. The deal is subjected to customary closing conditions. The acquisition marks Stripe’s first-ever acquisition in India. The American and Irish Fintech major  has been ramping up its investment and hiring process over the last few years. In March this year, Stripe became America’s most valued startup, valued around $95 Bn following its $600 Mn fundraise. In fact, today it happens to be one of the most valued startups in the world. 

Recko’s acquisition will help the Irish and American startup  to beef up its presence beyond its core offering of payment processing. Off late, Stripe has been on a acquisition spree in a bid to add new earning streams and ramp up its valuation.

Following the acquisition, Recko’s entire team will join Stripe’s remote engineering hub while Recko’s existing customers will get to use their products as before. Stripe has specifically said in its statement it will soon automate Recko’s reconciliation payments.      

The ‘reconciliation area’ in the financial world is widely considered to be a tricky area, though the area is widely considered to be lucrative one. By adding Recko, Stripe will get to add another vertical to its payment stack and help in establishing itself as a full-fledge financial company. Moreover, it may help the Fintech major in bumping up its valuation before its much anticipated IPO in 2022.

Stripe’s attempts to establish itself as a full-fledge financial company is nothing new. Most fintech companies are busy in trying this out as sustaining solely on payment operations is unsustainable. This is clearly visible in the way payment majors Paytm, PhonePe and BharatPe have diversified into other financial services like lending and financial payments.   

Recko was founded in 2017 by Prashant Borde and Saurya Sinha. The startup has till date mopped up $7 Mn through seed and Series A round. Last year, the Bengaluru based startup had raised $6 Mn in a Series A round.

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1

Whatapp’s  controversial privacy policy kick starts from Today

Whatapp’s much criticized privacy will finally kick-start from today across India and other markets. Although Facebook owned company has maintained that it won’t delete accounts of those users who won’t accept the latest privacy policy of users, the users might have to compromise on some basic features. Critics say that this is as good as losing the account since the pop up reminder reminding about accepting the latest ‘privacy policy’ will permanently keep appearing on screen until it is accepted.

2

Stripe acquires Oakland based fraud detection startup Bouncer

Payment giant Stripe on Friday announced that it has acquired fraud detection startup Bouncer for undisclosed amount. Based in Oakland and started in 2018, Bouncer helps in detecting fraud in card based online transactions. Earlier this year, Stripe was crowned as the world’s most valued startup, after raising whopping $600 Mn from investors.

3

Goldman Sach Banker resigns after making millions in Crypto investment

Aziz McMohan will probably never to work for any employer, not at least for his former employer Goldman Sach. McMohan, which until few days back worked as a executive of Goldman Sach, has reportedly made millions via his investment in Ether and Dogecoin.  McMohan’s story has already created ripples in the U.K press, with many claiming that his crypto investment has helped him fetch whopping $14 Mn euros.

4

Some Tesla Investors are happy with Elon Musk’s U turn on Bitcoin  

Elon Musk’s short-lived bonhomie with Bitcoin earlier this week, with Telsa’s founder officially announced that his electric vehicle company will no longer Bitcoin as token of payment. The talismanic entrepreneur cited ‘environmental concerns’ for his decision as it is well-known that mining crypto does take toll on the environment. However, Musk’s sudden decision on Bitcoin seems to have made quite an impression on Tesla’s investor. According to Reuters, many Tesla investors have given a thumbs up to Musk withdrawing unconditional support to crypto.

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