Our big news this month is obviously the launch of a simultaneous crowdfunding round in the US and UK – through Republic and Seedrs respectively (the first time the platforms have offered a dual crowdfunding). So far we’ve raised over £1.25m with almost a month to go. The announcement of this crowdfunding was covered by Crowdfund Insider, Altfi, Finextra, Yahoo Finance, Benzinga, Disruption Banking, Fintech Alliance, Fintech Insight and industry thought leader Fintech without Borders. Jason also sat down with Innovate Finance to discuss crowdfunding and the future of money.
In other Glint news, we were delighted to be shortlisted for the Best Real-Time Payments Solution at the upcoming Fintech Futures PayTech Awards – it’s great to get more recognition of the work the team have put in to continuing to develop our payments system.
In welcome news for the industry and, of course, our clients, gold has rebounded over the last month. It’s up 6% since the beginning of May and around 11% since its trough in early March. This is even more impressive considering the recent performance of the markets and other assets such as cryptos. Some commentators have been claiming that this is an ideal time to buy and store gold, our thoughts were covered in Abu Dhabi’s The National.
In the UK, we had the Bank of England’s monthly interest rate announcement that the rate would remain unchanged at 0.1%. This is another blow to consumers as they are punished by a perfect storm of historically low-interest rates, rising inflation, record borrowing and continued quantitative easing. Jason’s comments appeared in This is Money, Daily Express & MSN.
It’s been another crazy month for cryptos with price hikes, huge collapses, Chinese crackdowns and some Twitter meddling from Musk. Jason discussed President Biden’s Capital Gains Tax bill and the impact on alternative currencies with MoneyWeek whilst our market commentary on Bitcoin, Ethereum & Dogecoin appeared in Yahoo Finance, Independent and TechRound. Just yesterday, Jason also spoke to Yahoo Finance to discuss the news that the UK’s Advertising Standards Authority banned an advert from crypto platform Luno encouraging Bitcoin purchases – including what this means for investors, future regulation and the factors driving the increased popularity of alternative currencies.
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