WEEKLY FACTS - Week 18
Every day, Adnews reviews the latest innovations and news on financial services and international payment. Focus on announcements that should not be missed this week and that outline major trends in the sector.
PayPal and Coinbase extend their partnership and ambitions
They are two giants in their respective markets that have just consolidated their partnership in the United States. This is PayPal and Coinbase, which are now seeking to increase the adoption, distribution and use of PayPal USD stablecoin (PYUSD). This strategy represents a logical commitment given the expectations of the stablecoins market today.
Nexus project: central banks seek operator to revolutionize cross-border payments
As the Bank for International Settlements (BIS) completes its Nexus Project to connect instant payment systems globally, five partner central banks have just launched a tender to designate the technical operator responsible for carrying this infrastructure essential for the future of international transactions.
Mastercard bets on stablecoins
Mastercard has announced an ambitious strategy to deploy stables in everyday usage. Based on collaborations, this strategy will allow users to pay in stable steps via Mastercard payment cards. These innovative projects aim to connect traditional finance and innovative technologies, thus transforming global financial usage.
Generation Z abandons credit cards: a new era of financial management
According to this study conducted by Cash App Afterpay, more than half of the Gen Z members perceive credit cards as outdated, stressful and inappropriate for their digital lifestyle. Unlike Baby Boomers or Millennials, this generation does not see credit cards as a necessary step towards financial independence. Having grown up observing the consequences of credit debts on their parents or seniors, they develop increased distrust of these tools.For them, spending money they don't have via a credit card is associated with a psychological risk more than with financial freedom.
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