22 July 2014

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A collection of 10 fintech startups from around the world have battled their way onto an accelerator programme run by Startupbootcamp.

Venture capital interest in payment industry startups appears to be on the wane as investors wise up to the difficulties of achieving scale in a complex, competitive market.

Facebook has begun testing a 'buy' button which lets users purchase products advertised on the social network. Meanwhile, Twitter is also stepping up its commerce game, acquiring payments outfit CardSpring.

A startup competition organised by Spanish bank BBVA has attracted entrepreneurs from 56 countries, showcasing 850 technology projects.

New York state's financial services regulator has set out the details of its planned 'Bitlicense' framework for firms dealing with virtual currencies.

Photo sharing app Snapchat could be preparing a move into the payments arena, two recently filed trademarks suggest.


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Best of the web

22 July, 2014 VentureBeat External Link
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