China’s crypto ban might help supercharge its digital yuan

What to read today: US Cash-Back Credit Card Emerging Features Benchmark 2021 : Cash-back credit card innovation has been boosted to new heights by the convergence of digitization (driven by the pandemic), competition, and consumer behavior. In this inaugural study, we identify the emerging features that prospective cash-back credit card users find most valuable, and rank 10 leading cash-back credit cards (with no annual fee) according to the degree at which they offer these features..

Every morning the Insider Intelligence team delivers research briefings covering key trends moving industries. As a bonus for being a frequent Insider reader, we're including some free content below. Want more content like this daily? Join our FREE Insider Intelligence Daily newsletter by clicking here.

October 2, 2021 China bans cryptocurrency transactions, clearing a path for the digital yuan The People's Bank of China (PBOC) banned all cryptocurrency transactions and said it's illegal for overseas crypto exchanges to provide services to Chinese consumers. PBOC said the ban was to mitigate crypto trading risks and maintain national security, according to a statement posted on its website. Many regulators are concerned crypto transactions can be used to fund illicit activities like money laundering. China's private crypto crackdown can help drive adoption for the digital yuan, which is expected to make its official debut at the Beijing Winter Olympics in early 2022. Insider Intelligence's Adriana Nunez has the full story. BRIEFING HIGHLIGHTS Twitter embraces Bitcoin tipping ahead of broader social media adoption Twitter users from the US (except Hawaii and New York) and El Salvador can now tip fellow tweeters with Bitcoin. Read More → eToro shakes up crypto industry with DeFi portfolio The global digital broker added a decentralized finance (DeFi) portfolio to its offering, which gives investors on its platform exposure to the emerging ecosystem. Read More → Mastercard makes its BNPL debut—and could shake up the industry at a critical inflection point Mastercard announced a proprietary buy now, pay later (BNPL) offering set to debut in early 2022 in the US, the UK, and Australia. Read More → Square hitches its wagon to an ecommerce star with TikTok tie-up Square partnered with TikTok to let its merchants promote and sell through the short-form video app, which recently hit 1 billion monthly active users. Read More → Adding cash flow prediction to RBC's AI-powered assistant could help narrow gap with mobile money management rivals Royal Bank of Canada (RBC) has rolled out a new feature for its mobile AI-powered financial assistant, NOMI, that forecasts customers' cash flows for seven days. Read More → Consumers cite 'data security' as a reason for not switching their primary status to neobanks A sizable swath of US consumers don't want to move their primary banking relationships to digital-only players due to security concerns, per a new survey from PYMNTS and Optherium. Read More → Money transfer firms make plays for growing remittance volume with tie-ups A number of money transfer firms are using tie-ups to simplify cross-border payments, which have bounced back strongly from last year. Read More → Coalition raises mega round to tackle spiking cyber attacks The US-based cyber insurance and security company secured a $205 million Series E round at a $3.5 billion valuation. Read More → Affirm and Zip forge new growth pathways as BNPL competition heats up Two buy now, pay later (BNPL) players made announcements this week that should help them maintain their market positions as other firms get involved in the space. Read More → Betterment hits unicorn status following $160 million raise The US-based digital wealth manager has raised $160 million in funding through a $60 million Series F and a $100 million credit facility, surpassing the unicorn milestone with a $1.3 billion valuation. Read More → RESEARCH IN FOCUS US Cash-Back Credit Card Emerging Features Benchmark 2021 Cash-back credit card innovation has been boosted to new heights by the convergence of digitization (driven by the pandemic), competition, and consumer behavior. In this inaugural study, we identify the emerging features that prospective cash-back credit card users find most valuable, and rank 10 leading cash-back credit cards (with no annual fee) according to the degree at which they offer these features. Get the full report → The US Digital-Only Banking Revolution Digital-only banks—and neobanks in particular—have emerged as potent threats to incumbents, and many disruptors that could further shake up the US banking market loom large. But incumbents can still secure digital account holders by adopting digital best practices championed by challengers. Get the full report → UK Mobile Banking Emerging Features Benchmark 2021 This third annual study, weighted based on responses to a consumer survey, is an exclusive benchmark that ranks the 10 largest UK banks and building societies by assets according to their innovative mobile banking capabilities. We include research on the availability of 41 mobile features, selected based on their propensity to set financial institutions apart, as well as data on consumer demand for each of these features. Get the full report → BECOME A SUBSCRIBER Did you know the Daily is just a preview of everything Insider Intelligence has to offer? Our subscriptions deliver analysis on the biggest trends and decisions shaping the future of your industry. Stay on top and subscribe today to receive: Research reports Daily email briefings Forecasts and charts 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