And lastly, before we get into Q&A, I can't leave off everybody in the XRP community. Congratulations. You guys got a card.So, apparently Gemini just put this out. It's a Gemini credit card XRP edition. If you love XRP, this could be for you.Designed for an enthusiast, this limited edition metal card gives up to 4% back in XRP instantly. So, if you're like, "Hey, I need a credit card and I want XRP." This is for you. ...

Key Takeaways HOOD surged 405% over the past year, massively outperforming its industry and peers, SCHW and IBKR.Robinhood is transitioning from a retail brokerage into a full-scale financial services ecosystem.HOOD's lofty valuation implies investors are pricing in sustained high growth & successful global scale-up.Robinhood Markets’ (HOOD) shares have skyrocketed 405.4% in a year. In comparison, its industry has soared 41.2%, while close peers – Charles Schwab (SCHW) and Interactive Brokers (IBKR) – have ...

RT Watcher.Guru (@WatcherGuru)JUST IN: Gemini launches $XRP credit card. https://t.co/8b8KSXvh1m ...

JUST IN: Gemini launches $XRP credit card. https://t.co/8b8KSXvh1m ...

Shares of the digital banking powerhouse have more than tripled in the past 12 months.Investing in innovative and disruptive businesses that are challenging the status quo can be a smart way to allocate capital. That's because if they are successful, these companies could generate serious returns for shareholders. One fertile hunting ground is in the fintech industry.A notable business in this space is SoFi Technologies (SOFI 7.12%). The popular digital bank's stock has soared 225% in the past year (as of A ...

RT Steven Schwartz (@cultured)Whop is now officially independent from Stripe.What this means for anybody running a business on Whop:> Orchestration through multi-PSPs is now available (lifts your revenue by 5 - 10%)> Sellers can get paid out in nearly every country via local banks, BTC, or stablecoins> We’ve lowered our credit card rates to 2.7% + 30 cents—-We think that one day, money will be a commodity. The goal of Whop is to expedite that process.Today, we have taken a step forward in commoditizing paym ...

Financial Data and Key Metrics Changes - The company reported a record net income of BRL315 million, achieving a record ROE of 13.9% [36] - Total gross revenues reached BRL2.0 billion, reflecting a year-over-year growth of 4835% [30] - The cost of risk reached 5%, with expectations to maintain this level despite growth in riskier products [64][66] Business Line Data and Key Metrics Changes - The private payroll loan portfolio grew to BRL728 million, serving 153,000 clients, demonstrating strong digital distribution [18] - Credit penetration among active clients reached 33.8%, indicating healthy growth in credit offerings [17] - The investments vertical saw a 38% year-over-year growth in active clients, reaching 7.9 million [19] Market Data and Key Metrics Changes - Total payment value grew by 33% year-over-year, reaching BRL374 billion, with PIX accounting for BRL346 billion [16] - The global account client base grew by 34% year-over-year, reaching 4.4 million, with deposits surpassing $294 million, up 90% year-over-year [22] - The company achieved a market share of 8% in the PIX segment, indicating strong competitive positioning [105] Company Strategy and Development Direction - The company focuses on building long-term value through innovative products like MyCredit and My Piggy Bank, enhancing client engagement and financial education [7][9] - The strategy emphasizes sustainable credit options and diversifying fee sources to strengthen profitability [6] - The company aims to leverage its digital platform to enhance user experience and drive cross-selling opportunities across its verticals [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining strong asset quality, with the lowest NPL levels since 2022 [62] - The outlook for credit quality remains positive, with expectations for continued growth in higher risk segments [64][66] - The company anticipates achieving its six-thirty-thirty plan by 2027, focusing on client growth, efficiency, and ROE [92][94] Other Important Information - The company is migrating share liquidity to the U.S. market, with over 50% of combined volume on most trading days [40] - The subsidy period for converting BDRs to Class A shares ends on August 30 [40] Q&A Session Summary Question: Update on the private payroll product and its success - Management is optimistic about the private payroll product, expecting it to exceed BRL1 billion in portfolio soon, with delinquency rates better than initially forecasted [46][64] Question: Outlook for credit quality and provisioning levels - Management indicated that the cost of risk is expected to remain between 5% to 5.25%, with improvements in asset quality and credit penetration [64][66] Question: Margins on NIM statement and product yields - The company reported an increase in personal loan yields from 19.5% to 23%, driven by a favorable competitive dynamic and product mix [71][73] Question: Changes in the credit card offering - The reshaping of the credit card portfolio focuses on increasing interest-earning products and improving customer solutions for delinquency [80][82] Question: Insights on the 06/3030 plan and future KPIs - Management is confident in achieving the six-thirty-thirty plan, emphasizing the importance of capital allocation and customer-centric approaches [92][94]

Company Overview - CoreCard provides distinctive features for Apple's credit card [1] Market Context - CoreCard is involved in Goldman Sachs's unsuccessful consumer venture [1]

exchange with Citigroup's head of personal banking, Leslie. >> Brian. I might not know, but Gonzalo Luchetti might have an idea.Thank you very much for being here. The head of U.S. Personal banking for Citigroup. You oversee the group that launched this card.You have it here, actually, in case those sitting at home want to take a look at it. So why do this. And I ask in the context of in 2021, you all kind of pulled back a bit from from this space.And now it's become increasingly competitive in the four yea ...

Market Dynamics - Citigroup launched a premium credit card to compete with JPMorgan Chase and American Express [1]