GenZ Tea ☕️
Data from a study done by Stilt displays that Genz and millennials are leading the crypto market capturing about 94% of it. The buzz for crypto is growing and has just begun. 💸
Hey Tea Sippers,👋
In honor of the last week of national pride month. We would like to feature Daylight. Banking for LGBTQ + by LGBTQ +. They are designing products and features catered to the LGBTQ+ community and getting a lot of buzz around town. The LGBTQ+ community,
“Is an undeserved community, with approximately 30 million +, who identify as LGBTQ+ nationwide.”
The market is there and now it’s time for them to execute. We are excited to see what’s in store for Rob Curtis, and the Daylight team. If you are interested in what they provide and do, take a look here.
Tea Pods ☕️:
In this week’s rendition of Tea Pods ☕️, we are featuring the podcast Blockchain Insider, with our friend Simon Taylor, head of the newsletter Fintech Brain Food, check it out! Anyways, these podcasts, cover the risk of bitcoin, understanding blockchain technology, and just, in general, becoming well versed in the sector. Take a listen if you’re interested in bitcoin and diving into the crypto space. 😎
Let’s get you started with understanding the value of bitcoin and its potential future by listening to this podcast here.
Hope you enjoy it, cheers!
What’s the Tea Today? 🤔
Ready for this week’s tea?☕️ We are talking Paypal and Visa investing in a blockchain fund 📈, and Revolut regaining lost funds, thanks to crypto. 🤝
Anyways, short and big stories ahead, get your tea ready and start sipping. ☕️
Also, before you get reading, don't forget to join our waitlist! Thanks. 😝
Investing in the future 🤔
Visa and Paypal 💰
Everyone keeps talking about blockchain, but you're probably asking yourself, what is blockchain? It’s the technology behind your favorite cryptocurrency, BITCOIN. If you thought you were late to join the party, it looks like Visa and Paypal are finally convinced, and they are putting in big numbers. We are seeing some big changes to the way things are traditionally run, let’s explore this.
Founded. Blockchain Capital was founded in 2013 and has invested in 110 companies thus far.
Invested. Visa and Paypal invested $300 million into Blockchain Capital.
Funds. Blockchain currently has over 1.5 billion dollars in funding under management and continues to grow.
Paypal thinks:
“Investing in Blockchain Capital’s new fund allows us to engage with and learn from entrepreneurs driving the future of digital currencies and blockchain,” PayPal crypto lead Jose Fernandez da Ponte said in a statement.
The two giants will also be working closely with the portfolio companies to help them with any problems they may face along the way. They are all in! 🤝
The Big Gulp ☕️: It looks as if traditional banking is starting to be pushed away and something new is emerging. All the crypto market needed was some validation from the big-name investors, and that is what they got. Visa and Paypal are two of the biggest financial companies in the world, and they are in on crypto. The questions, we should begin to ask ourselves are, who’s next? What’s next? What should I do?
Rebound Your Losses 💰
Revolut 🏦
The British-based fintech bank that started in 2015 is facing some financial issues, but something saved it from complete devastation. Are you thinking what I’m thinking? I think we’re thinking the same thing… Crypto
Current Valuation. $5.5 Billion dollars and they are seeking to hit $10 billion-plus.
Customers. $15.5 Million
Crypto. Their revenue grew 57% after they accounted for crypto to $312 million dollars.
The Big Gulp ☕️: Revolut is a London-based bank offering consumers checking accounts and trading services. Due to covid-19, they were facing a lot of losses and fewer transactions were being made on their platform. Fortunately, they had one saving grace, CRYPTO. Thank you AMC and Gamestop, which was said to help “revenue surge by 130% year-on-year in the first quarter of 2021, while gross profit more than quadrupled.” This was an eye-opener for them and made them aware that maybe they should stay in the crypto space. Their plans now are to continue growing and expanding their operations worldwide. They see the potential that crypto has, and many big companies such as themselves are jumping in.
Extra Tea ☕️:
China: China will block crypto transactions
Banks: Central banks are pushing back against crypto and innovation
Bitcoin: Bitcoin hit a record low for the first time in awhile
Coinbase: The Coinbase crypto card is receiving some backlash
Sencha “Tea” Fact of the Day 🍃:
More monopoly money is printed than real money.
Sencha Feature: 🍃
We would like to thank our friends down at The Premoney List who featured us in their newsletter this week. Jake Schonberger is doing an amazing job over there, and we want to continue to help him grow as we grow! Please check them out! Cheers! ☕️
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