Daily Archives: 25/11/2021

Fidelity, UBS and State Street May Launch Cryptocurrency Products

Several large investment companies, including Fidelity, UBS and State Street Global Advisors, are exploring the possibility of launching cryptocurrency products. The Financial Times notes that the volume of cryptocurrency investment products in Europe is over 10 billion euros. The head of SPDR, a subsidiary of State Street Global Advisors for trading exchange-traded funds in the markets of Europe, the Middle East and Africa, Matteo Andreetto, said that the company is actively exploring the cryptocurrency space.…

Stripe Co-Founder Allows Cryptocurrency Payments to Come Back

John Collison, co-founder of American payment operator Stripe, said the company could re-add support for cryptocurrencies if they provide fast and cost-effective transactions. In 2014, Stripe became the first major payment company to integrate Bitcoin. However, in 2018, Stripe stopped processing BTC transactions, citing customers’ reluctance to use it. This was due to increased transaction confirmation times and high fees. As Stripe stated, for regular Bitcoin transactions, the commission can be several tens of US…