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Today in FinTech: FinTechIPO™ Index Trends Down

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In today’s FinTech news, Pyypl wants to help fill the payments gap in the United Arab Emirates by using the blockchain for cross-border payments. PYMNTS FinTech IPO tracker is continuing to see a downward trend, and Aussie digital business bank Zeller becomes a unicorn. GameStop moved closer to fleshing out its NFT plans with the hiring of a legal veteran with FinTech, Crypto, NFT, and Blockchain expertise.

Pyypl CEO Makes Case for Blockchain When Sending Cross-Border Payments

In an interview with PYMNTS, Antti Arponen, founder and CEO of United Arab Emirate-based digital payments and financial services provider Pyypl, said that despite the considerable progress and adoption of mobile money services, there remains a gap. He pointed to mobile money as being inconvenient and expensive for some transactions due to having to use a bank.

Arponen said that Pyypl — a blockchain on-demand liquidity solution — and similar financial services providers can fill the gap where roughly 800 million smartphone users “just need to do these daily, business-as-usual payments.” Using…

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