Weekly Tech Roundup: SEC to Sue Coinbase? PayPal Buys Paidy, and More
This week has been exciting and full of new developments in the tech world. From noteworthy mergers and acquisitions to new product updates, there is a mix of everything.
SEC and Coinbase Involved in a Tiff Over New Service
There seems to be major tension between the U.S. Security and Exchange Commission and Coinbase.
Coinbase is eager to launch a new service that will enable users to loan out crypto assets to a lending pool and gain interest. The situation took a turn for the worse when Coinbase gave SEC a fair idea about its intentions.
According to Brian Armstrong, Coinbase CEO, this was the main reason why SEC is threatening to sue Coinbase if the service is rolled out.
SEE ALSO: Microsoft Will Launch Windows 11 on October 5th
PayPal Acquires Paidy
This news is big and caught the attention of everyone operating in the financial tech industry.
PayPal announced that it is acquiring Japan’s buy-now-pay-later firm Paidy in a $2.7 billion cash deal. This move will allow PayPal to strengthen its position in Japan – which is also tipped to be the third-largest e-commerce market worldwide.
Read the entire story here!
Google Workspace Launches New Workspace Features
In 2020, Google renamed its work toolset from G Suite to Google Workspace. Around that time, the company was testing a range of features that would make the existing Workspace tools (Meet, Drive, Gmail) more efficient and cohesive.
Google has launched those features for everyone this week. Besides, upon receiving multiple requests, Google has also added a ‘report’ button that reports a coworker’s misconduct.
The report button is likely to be a major part of the update and is aimed toward creating safer work environments around the world. Some of the other updates are centered around making hybrid work more efficient and productive.
Square Rolls Out Square Register in Canada
Square, the popular software payments company is all set to launch Square Register in Canada. The launch comes at a time when nearly 80% of the Canadian citizens have prioritized buying local than before the pandemic. It provides Canadian merchants with a cashless medium to sell and run their business while maintaining social distancing.
Microsoft Scoops Up Australian Video Editing Software Clipchamp
Microsoft has announced that it is buying Australian video creation and editing software Clipchamp. This acquisition could be another feather in the cap to Microsoft’s array of productivity tools.
Microsoft said that Clipchamp is a “natural fit” to widen its current productivity experiences. Another reason why this acquisition was appealing was the growing number of video creators worldwide. The acquisition price has not been revealed by both the companies so far.
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SEE ALSO: PayPal Introduces Cryptocurrency Service in the UK
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