Your Daily FinTech Podcast May 13th, 2022

Sign up for my Daily Fintech or Daily Digital Banking Newsletters here. Check out my latest podcast episode below: Welcome to another episode of our Daily Fintech Podcast. THE NEWS HIGHLIGHT OF THE DAY IS Google launched Google Wallet, a new Android and Wear OS app that will allow users to store things like credit cards, loyalty cards, digital IDs, transit passes, concert tickets, vaccination cards, and more. JUST IN: Brazil is moving closer to regulating cryptocurrencies with its own version of a Bitcoin law. FURTHERMORE, Nubank is adding the option for customers to buy and sell bitcoin (BTC) and ether (ETH) on its platform, the company announced Wednesday. Nu Holdings, Nubank's parent company, also said it is allocating roughly 1% of the cash on its balance sheet to bitcoin to show its belief in the cryptocurrency. On that note Coinbase delivered disappointing results on Tuesday, causing its stock to plunge, but top executives suggested on an earnings call that the company has no major moves planned—such as acquiring or merging with Robinhood. ALSO: The Central Bank of Nigeria (CBN) is moving ahead with plans to upgrade the country’s central bank digital currency (CBDC) to be used on a wider range of goods and services. It is also maintaining harsh crypto restrictions that cripple the country’s fintech sector. LET’S HEAR ALL ABOUT MERGERS AND ACQUISITIONS: Checkout.com announced its intent to acquire digital identity verification (IDV) startup, ubble. ‘ Greenwood announced the acquisition of The Gathering Spot, a private membership network focused on the Black community.