Crypto beyond the crypt: What comes next?

What to read today: US Ecommerce Forecast 2021 : After a tumultuous 2020, retail sales will see a bump in 2021 as the economy reopens and consumers are ready to spend. Both brick-and-mortar and online sales will benefit from pent-up consumer demand, with in-store growing 6.3% and ecommerce growing 17.9%..

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July 24, 2021 Crypto beyond the crypt: What comes next? As more consumers invest in cryptos, a new issue is arising: It's difficult for beneficiaries to access these assets after the owner dies. Crypto assets can be much harder to retrieve than traditional assets because of the way blockchains work. Crypto exchanges can only use private keys when they operate as custodial wallets, meaning they retain ownership of private keys—as opposed to non-custodial wallets, where the user keeps the private keys. We expect both fintechs and incumbents that offer crypto services to introduce solutions to this issue. Crypto firms that offer non-custodial wallets will likely add educational tools, raising user awareness that they must be proactive and take action to avoid locking away their crypto holdings forever from their beneficiaries. Insider Intelligence's Victor Chatenay has the full story. BRIEFING HIGHLIGHTS New Bank of America and Chase cards hint at issuers' future strategy After the pandemic cut into credit card spending in a big way major issuers are on their way to recovery. Read More → Truist begins phased rollout to customers of unified digital platform Truist is bringing its digital platform out into the wild through its first phased deployment to customers, the bank disclosed in its Q2 2021 earnings call. Read More → QuickBooks introduces new point-of-sale solution to pull in small businesses Intuit's QuickBooks launched new portable point-of-sale (POS) hardware, QuickBooks Card Reader, that lets small businesses accept contactless payments and chip cards. Read More → Checking and savings accounts round out Square's business banking suite Square's new products strengthen its competitive position in the escalating SMB banking arms race underway among fintechs. Read More → Venmo redesigns app with new user-friendly layout and privacy focus Venmo, PayPal's peer-to-peer (P2P) payments app, got rid of the global feed that showed users' public transactions in real time and instead will only show users' "friends feed." Read More → Titan secures $58M to democratize active strategies for young retail investors The US-based retail investing platform has closed a $58 million Series B at a valuation of $450 million, led by Andreessen Horowitz and a host of celebrities. Read More → US institutional investors want crypto exposure One-third of US institutional investors held some form of digital assets as of April 2021, according to a Fidelity Digital Assets survey. Read More → Visa's latest acquisition reinvigorates its cross-border payments business Visa signed a definitive agreement to acquire Currencycloud, and both stand to benefit from the acquisition as cross-border payments recover. Read More → RESEARCH IN FOCUS US Ecommerce Forecast 2021 After a tumultuous 2020, retail sales will see a bump in 2021 as the economy reopens and consumers are ready to spend. Both brick-and-mortar and online sales will benefit from pent-up consumer demand, with in-store growing 6.3% and ecommerce growing 17.9%. Get the full report → Account Opening in the Next Normal Bank account opening is bouncing back after a slump during the coronavirus pandemic, and digital account opening (DAO) activity in particular is poised to benefit from the surge. But as banks work to optimize their DAO processes, they will face stiff competition from neobanks and Big Tech companies; both are raising the bar for DAO and count millions of customers among their existing client bases. Get the full report → US Mobile Payments Forecast 2021 Mobile proximity and peer-to-peer (P2P) payments have hit the mainstream, thanks to a pandemic-driven upswing in digital payments that is set to last. This trend is leading providers to diversify their offerings and compete for share of the market. Get the full report → BECOME A SUBSCRIBER Did you know the Daily is just a preview of everything Insider Intelligence has to offer? Our Briefing subscriptions deliver analysis on the biggest trends and decisions shaping the future of a specific industry. Stay on top and subscribe today to receive: A cornerstone industry report Daily Morning newsletters Opportunities to join the conversation Get Started Today → FOLLOW US Email sent to: nguyenvu1187.love5@blogger.com Manage your email preferences  |  Unsubscribe  |  Terms of Use  |  Privacy Policy © 2021 Insider Intelligence. 11 Times Square, 14th FL, New York, NY 10036