The crypto-banning big banks are creating a negative impact on cross-border payments and transaction volume for Mastercard. According to a recent earnings call reported by Seeking Alpha, the restrictions on crypto-currency by mega-issuing banks including JPMorgan Chase, Bank of America, Bank of Montreal, Capital One and Citi has led to a decline in Mastercard’s cross-border … Read more Crypto-Banning Banks Impact Mastercard Q1 Volume
Coinbase users outnumber Schwab According to its website, Coinbase has 13 mln users while the number of Schwab brokerage accounts stood at 10.6 mln as of the end of 2016. These numbers don’t paint a complete picture since the amount of assets controlled by Schwab exceeds those of Coinbase users. Nevertheless, the actual number of users indicates a massive … Read more Coinbase vs Schwab – Who Has More Users?