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FinTech’s Bright Future Marred by Hype

PYMNTS

It has lost more than 80 percent of its market cap since its late December 2014 IPO. Bitcoin grew explosively after its 2009 introduction by becoming the currency of choice for criminal commerce, including hiring hitmen , giving the term “killer app” new meaning. Most others have struggled, too. Again, it hasn’t worked out.

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Bitcoin Tracker: Smooth(ish) Sailing?

PYMNTS

Bitcoin’s current estimated market cap is over $14.5 Coinbase CEO Brian Armstrong wrote in a blog post , “If the IRS were to approach Citibank, Fidelity or PayPal and ask them to turn over all customer records, they would rightfully push back. At the time of writing, bitcoin was valued at $894.34 , up 1.14

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Should Facebook Buy eBay?

PYMNTS

Four years later, in 2002, eBay announced that it would buy PayPal for $1.5 Zulily, founded in 2009, became a favorite platform for moms who wanted to buy stuff for their kids and loved the surprise of seeing new selections and flash sale options every day. With a market cap of $37.2 In September of that year, eBay went public.

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Squaring The Circle That Is Square

PYMNTS

So, while McKelvey lost out on that $2,000 sale — he and his (friend) and Co-Founder Jack Dorsey — the founder of Twitter — did end up with a $17 billion idea (Square’s market cap at the time this piece went to press). As we all know, the Square Starbucks deal did not cause acquirers to disappear or PayPal to rapidly fold up its tent.

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The Apple iPhone Sales Rope-A-Dope

PYMNTS

The stock price is off nearly 7 percent , even though its trillion-dollar market cap remains intact. The Wall Street Journal threw some serious shade on that move, citing Steve Jobs’ reaction to Amazon’s decision in 2009 to do the same for the Kindle — that it must not be selling many. Or at any other time — unless it wants to.

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A Look at the First Week of Nasdaq’s Fintech Index

Fintech Labs Insights

FinovateSpring 2009 demo. PayPal (PYPL). According to Nasdaq’s press release , the companies in the index “represent roughly one-fifth (18%) of the investable domestic financial universe and nearly 4% of the investable domestic equity universe to account for approximately $785 billion in total market cap.”

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Why Contextual Commerce Is The Next Big Thing

PYMNTS

Potential that we see now being tapped by Uber, Facebook Messenger, Amazon, Braintree/PayPal and even Spotify. In 2009, Uber’s innovation was to match up black car drivers with downtime and consumers fed up with the uncertainty of not being able to reliably get a ride when they needed one.