PaySpace Magazine Global

Jan 15, 2025 | payspacemagazine.com | Nina Bobro

The market capitalisation of cryptocurrencies traded by AI agents surged by 322% in the fourth quarter of 2024. According to CoinGecko’s 2024 “Annual Crypto Industry Report,” the market capitalisation of AI agents experienced a significant increase of 322.2% in Q4 2024, rising from $4.8 billion to $15.5 billion. AI agents are software programs using data and the power of artificial intelligence (AI) to perform certain tasks autonomously.

Jan 15, 2025 | payspacemagazine.com | Nina Bobro

The largest Italian bank, Intesa Sanpaolo, joined the ranks of institutional crypto investors, with its first Bitcoin purchase worth about 1 million EUR. According to the Reuters report, Intesa Sanpaolo, Italy’s largest bank by assets, has recently completed its inaugural proprietary bitcoin trade, acquiring 11 bitcoins for approximately €1 million ($1.03 million).

Jan 13, 2025 | payspacemagazine.com | Nina Bobro

India’s largest retail stock trading platform Groww is eyeing an initial public offering (IPO) this year. According to sources familiar with the matter, one of the leading Indian fintech firms, Groww, is discussing a potential IPO with investment banks. Reportedly, the Bangalore-based trading platform may go forward with the listing within the next 10 to 12 months. Groww is expected to raise about $700 million, targeting a valuation between $6 billion and $8 billion.

Jan 12, 2025 | payspacemagazine.com | Nina Bobro

While the progress of gender equality in the world is unquestionable, a larger part of the global unbanked population is female, with the divide being more prominent in developing economies. However, select fintech startups focus on narrowing this gap, addressing gender-specific financial challenges with their tech-driven solutions. Gender Diversity in Fintech: Myth or Reality? The gender-related statistics observed in global fintech are not too promising.

Jan 9, 2025 | payspacemagazine.com | Nina Bobro

Nevermined received fresh funding to develop a payment system tailored for seamless transactions between AI agents, addressing the limitations of traditional payment infrastructure in the rapidly evolving AI-Commerce space. Nevermined, a pioneering provider of AI payment infrastructure for AI-to-AI transactions, has announced it raised over $4 million in funding to advance AI-Commerce via its “PayPal for AI” platform.