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Will Cash Payments Disappear?

As a result of the pandemic, there has been a significant increase in contactless payments, leading to considerably less cash payments In light of its increased popularity, the UK is set to increase the contactless payment limit to £100. By raising this limit, it is expected that there will be another boost in contactless payment …

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Bank of England to Dedicate Team to Digital Currency

Ever since its secession from the EU on January 31st, 2020 in Brexit, Britain has been working hard to make sure it remains competitive as a global fintech leader. Since then they have announced that they would be using Lithuania in a mutual agreement to obtain licenses and use their “sandbox” for product testing in …

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British Fintech TrueLayer to Challenge Visa and Mastercard

The fintech industry is allowing innovators from every corner of the world to have their bright ideas broadcasted on a global stage. Many fintech startups are even challenging long standing financial institutions as some of these corporations are having a difficult time adapting in this fast-paced environment, such as commercial banks like JPMorgan Chase. When …

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Respected Financial Investor Promotes Startup Pollinate

Alastair Lukies, who is among one of the top business advisors of UK prime minister Boris Johnson, has led the charge in investing in a British-based fintech company. Lukies was among some of the first investors in technology giants such as Twitter and Trivago back when those were mere startups. Based on his general expertise …

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UK Looks to Open Banking Apps for Fintech Boost

There’s no doubt that Brexit has left the UK in a tough spot regarding business competition. Now severed from the EU, Britain has had to get creative about how they will go forward to ensure they can remain dominant in their strongest industries and interconnected to their greatest reliable market. The fintech industry is easily …

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UK Study Depicts What Fintech Supremacy Entails

Since Brexit’s establishment, the UK fintech sector has been scrambling to stay profitable and supreme within the EU and even on a global scale. There have been multiple announcements detailing plans Britain has enacted to overcome this hurdle. For one, they are now able to perform licensing and even test run their services in replicable …

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UK Discusses Crypto Dispersion to Secure Fintech Survival

There’s no doubt that Brexit has had a massive impact on how Britain will need to conduct business going forward, now being separated from the EU. On the morning of Friday, February 26th, the UK Treasury called upon a new regime to require authorization for the Treasury to circulate cryptocurrencies throughout its market. There appears …

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Britain Outlines Fintech Movement Post Brexit

After Brexit segregated Britain from the rest of the EU, many industries, including financial and the rapidly expanding fintech market, were at a loss at how they could remain competitive in the nearly 130 billion pound finance sector. In order to face this hurdle, Britain’s government has reviewed its financial policies to perhaps better retool …

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