Tag: Kriston Kaarmann

TransferWise prepared for a blockbuster IPO and appointed the two Wall Street giants Goldman Sachs and Morgan Stanley as joint coordinators, Sky News reported last week. The surprising thing here is the decision in favor of a listing in London and against New York. This is certainly an important milestone for London to remain Europe's most important financial center after Brexit. The valuation for the IPO is expected to exceed $5 billion. And hey, they are profitable!

A battle is currently raging between the old central bank-controlled FIAT monetary system with the dollar as the reserve currency and the new decentralized cryptosystem. Quantitative easing policies in the wake of various crises in recent years cast doubt on the FIAT system's sustainability. 2020 was also the year institutional investors got into Bitcoin. In 2021, FinTech unicorn TransferWise is planning a billion-dollar IPO - a FinTech that rejects the cryptosystem.