Tag: Stripe

Stripe, the global payments giant, is reportedly in advanced talks to acquire Bridge, a fintech startup specializing in stablecoin transactions. This potential acquisition marks a significant move for Stripe in expanding its presence in the digital currency and blockchain technology space. “This deal is done. $1.1b,” TechCrunch founder Michael Arrington wrote in an Oct. 20 X post. Arrington did not elaborate.

Sam Altman, the CEO of OpenAI, is a towering figure in the world of technology and artificial intelligence. While he is best known for his leadership in driving the AI revolution, Altman’s financial prowess extends far beyond his role at OpenAI. As a prolific investor, he has reportedly invested in more than 400 companies, amassing a fortune worth at least $2.8 billion. This impressive portfolio underscores his influence as one of the most significant tech investors globally.

Stripe, one of the big names in the fintech industry, announced it had exceeded $1 trillion in total payment volume in 2023, marking a significant 25% increase from the previous year. This milestone, highlighted in Stripe's annual letter, arrives just 15 years following its inception. Its competitor PayPal reached a similar milestone in 2021, 23 years after its foundation.

One of the clearest indicators that an economic downturn, if not a recession, is knocking at the door is when companies start with layoffs. Twitter was this week just the last tech giant that announced and executed a massive layoff, allegedly firing half of its staff. Stripe CEO Patrick Collison announced the layoffs of over 14% of its workforce, amounting to more than 1,000 jobs. Raid-hailing operator Lyft announced the layoff 13% of its workforce, or nearly 700. Brace for the Tech Winter.

FinTelegram recently issued an investor warning against Bitcoin Formula, an affiliate system to recruit new victims for various broker scams. Among them, we have discovered the Lucrum.Pro (www.lucrum.pro) is one of the many scams promoted via Bitcoin Formula. This specific scam is allegedly operated by Econdary LLC, registered in St. Vincent and the Grenadines. Deposits can be made using an intermediate solution via Stripe and PayPal or cryptocurrencies. The scam found an interesting solution to integrate Stripe and PayPal via a Polish Sales Master Z.O.O. (d/b/a Varifilio).