Buffett’s Company to Invest in Fintech

Brazilian payment service StoneCo Ltd. and Paytm from India receive about $600M in total from Buffett's Berkshire Hathaway
30 October 2018   888

Berkshire Hathaway, headed by bitcoin's implacable bitcoin critic Warren Buffett, invested in fintech start-ups for a first time, The Wall Street Journal reports.

Previously, the famous conglomerate bought mostly "blue chips" of American companies. However, according to the publication, over the past few months, about $ 600 million have been received by two financial companies specializing in fintech markets - Brazilian payment service StoneCo Ltd. and FINTECH Startup Paytm from India.

Investment rounds were led bby portfolio investors of Berkshire Hathaway Todd Combs and Ted Wexler. According to David Smith Kass, a professor at the Robert Smith School of Business, it is no longer possible to ignore the pace of development of Fintech, and Combs and Wexler “expand Berkshire’s prospects and opportunities for the company's investors.”

Earlier, Warren Buffett called Bitcoin “rat poison squared,” and also stated that the purchase of cryptocurrency is not an investment.

Binance to Spread Crypto Fiat Wings

The list of upcoming jurisdictions was found by the Block
18 January 2019   62

The Block has gained access to the list of jurisdictions in which the largest cryptocurrency exchange Binance intends to launch fiat trading platforms. The latter use technology Binance, but will be separate legal entities.

Alleged Binance New Operation Jurisdictions
Alleged Binance New Operation Jurisdictions

In 2019, the exchange allegedly intends to launch full-scale activities in Malta and in Singapore. At the same time, South Korea, Liechtenstein, Russia, Turkey and Argentina are in the plans.

Note that in October last year, such a platform appeared in Uganda, and just a few days ago - on the island of Jersey.