Your Daily FinTech Podcast - May 8th, 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. This podcast episode is sponsored by PayRetailers. PayRetailers’ payment platform leverages API technology to connect Latin American consumers with international merchants, offering a seamless payment experience. From the merchant’s perspective, the solution has the distinct advantage of eliminating the hurdles associated with integrating multiple acquirers and payment methods. Visit: www.payretailers.com JUST IN: The state of New York wants to ban new bitcoin mining operations, a move that some industry insiders fear could have a domino effect across the U.S. The bill, which is swiftly making its way through the state capitol in Albany, calls for a two-year moratorium on certain cryptocurrency mining operations that use proof-of-work authentication methods to validate blockchain transactions. ALSO: Revolut has no plans to go public for at least another two years as it bids to build up revenues against a backdrop of plummeting tech valuations and interest rate hikes FURTHERMORE, Robinhood is launching a feature that will allow its users to lend out their stocks in hopes of earning passive, recurring income from borrowers. WHAT ABOUT CRYPTO? Gucci is tapping into the crypto crowd. The brand will accept cryptocurrency payments in some US stores at the end of this month, and plans to extend the pilot to all of its directly-operated North America stores this summer. WHAT ARE THE LATEST INSIGHTS? In 2021, Mexico was the third-largest recipient of remittances worldwide after China and India.