Gig Economy Is Here to Stay

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The gig economy inspires feelings of freedom, independence, and flexibility. For some people, however, it has become a vital income stream that comes in where a full-time income falls short. There are both benefits and drawbacks to the gig economy lifestyle. One thing is for sure, gig economy is here to stay.

The gig economy is a real force to be reckoned with. In the U.K., the gig economy is comprised of nearly 5 million workers, having expanded more than twofold since 2016. Other research shows that “10 percent of people [are] now engaged with  the gig economy.” Continue reading Gig Economy Is Here to Stay

Facebook’s Libra Coin Places a Spotlight on Crypto

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Facebook’s decision to launch a new cryptocurrency has caused a stir in the financial world. Central banks are threatened that Facebook’s digital currency Libra will compete with fiat money, such as the USD, EUR, GBP, and CNY, for instance. In addition to governments, banks are also feeling the pressure from Libra, given that they stand to lose market share from the new competition.  Continue reading Facebook’s Libra Coin Places a Spotlight on Crypto

Big Tech’s Pursuit of Banking Leaves Regulators Uneasy

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Leading technology companies are increasingly looking to transform themselves into banks without officially crossing the line into taking deposits. Instead, they are on the fringes of financial services with payments, peer-to-peer transactions, and even loans that make them more embedded into the lives of their users. While this may seem convenient, policymakers are worried that tech plays are getting too much control. Continue reading Big Tech’s Pursuit of Banking Leaves Regulators Uneasy