Technology

Sam Altman launches eyeball-scanning Worldcoin to ‘drastically increase economic opportunity’

July 24, 2023
Worldcoin Foundation, Sam Altman’s crypto startup with the vision to “drastically increase economic opportunity,” has started the rollout of its services in 20 nations, more than three years after it began its work. The startup, which has raised about $250 million and counts Andreessen Horowitz, Khosla Ventures and Reid Hoffman among its backers, said it’s rolling […]

FedNow may finally be live, but will it be too costly for businesses to adopt?

July 23, 2023
Welcome to The Interchange! If you want this in your inbox, sign up here. It was an event-filled week in the fintech world, what with FedNow launching, the former CEO of fintech Bolt — and the company itself — being subpoenaed by the U.S Securities and Exchange Commission and much more. Let’s drill down here. It’s […]

Congress probes Ford’s big battery deal with China’s CATL

July 21, 2023
In a public letter addressed to Ford boss Jim Farley, House Republicans Mike Gallagher and Jason Smith announced that two congressional committees are investigating the automaker’s licensing deal with Chinese battery maker CATL. The probe centers on Ford’s efforts to put CATL’s battery cell technology to use at an upcoming, $3.5 billion battery cell plant […]

FedNow is finally live in the US

July 21, 2023
The U.S. government’s instant payment system, FedNow Service, went live this week.  Here’s a quick refresher on what that is: FedNow is an instant payment infrastructure for transferring money that promises to be a faster payment rail for financial institutions, offering immediate access to funds no matter the day or time. As you know, this […]

Pitch Deck Teardown: CleanHub’s $7M seed deck

July 21, 2023
Plastic in ocean bad. Plastic not in ocean good. That’s, in a nutshell, the pitch for CleanHub. The company has designed a whole business model and a track-and-trace model around that, so brands can rest assured that their plastics don’t end up in the oceans. Who these brands are, and what happens to the plastic […]