Karsten Wenzlaff, Advisor
August 26th, 2025
Karsten Wenzlaff is a Crowdfunding and Fintech Expert from Germany. He is Secretary-General of Digit[...]
Category Archives: Online Funding / Investing Portals
Katipult’s Growth Surges in 2023 Raising $647M
Funding | Release | Jan 16, 2024
Image: Unsplash/Shane
Katipult's Innovative DealFlow Platform Spurs Significant Growth Raising $647M Capital in 2023
2023 was a year of robust growth for Katipult Technology Corp's (TSXV: FUND). Despite challenging economic conditions and a general slowdown in capital markets, Katipult DealFlow platform enabled a remarkable $647 million in capital raises.
- Enterprise customers raised 71% more capital year over year, from $318 million in 2022 to $545 million in 2023, highlighting the platform's effectiveness in utilizing various exemptions, such as Reg D offerings in the US and the new LIFE exemption in Canada.
- Further, there was a 55% increase in the total number of deals launched, coupled with a 10% rise in average deal value. This trend not only reflects the growing confidence in Katipult's platform but also suggests an optimistic outlook for capital markets activity as we move into 2024.
See: Fintech Fridays EP49: Managing Private Placements Has Never Been Easier
- Enterprise transactions grew 6.8%, reaching a total of 19,018 in 2023.
- The average transaction value for enterprise customers soared to $78K per transaction, a substantial leap from $48K in 2022.
Gord Breese, Katipult's CEO:
"Our platform continues to revolutionize the capital raising process, introducing modern workflows that benefit all stakeholders involved. This innovation leads to faster deal closings, reduced investor friction, and ultimately, more successful capital raising efforts."
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
 |  |  |
|---|---|---|
 |  |  |
What’s Driving Wealth Management Trends for 2024
WealthTech | Jan 9, 2024
Image: Unsplash/Morgan Housel
The wealth management industry in 2024 is at the cusp of a revolution, driven by technological advancements and changing investor expectations.
The wealth management industry is witnessing several key and game-changing innovations that are shaping its landscape in 2024. Here's a summary of the most significant trends and developments.
Integration and Expansion of WealthTech Platforms
One of the most significant trends is the integration and expansion of WealthTech platforms. Altruist, for instance, has added new integrations with various portfolio accounting, CRM, analytics, and financial planning software. This expansion is not just enhancing the capabilities of wealth management firms but also making them more efficient and versatile.
Public Market Funding for WealthTech
2024 also witnesses a shift in how wealth technology firms approach funding. Apex Fintech Solutions' move to file for an IPO represents a significant development. This could lead to more rapid innovation in the sector, as public market funding offers a new avenue for growth and development in wealth technology.
Blockchain and Distributed Ledger Technology
The launch of Tokenbridge, a distributed ledger technology startup, is a development to watch. This technology could revolutionize asset and data management in the wealth and fund management industries, offering more secure and efficient transaction and data management systems.
Advancements in Asset Tracking
Addepar's achievement of tracking $5 trillion in assets signifies the growing importance and capability of wealth management platforms in handling large-scale asset management efficiently. This milestone reflects the industry's increasing reliance on technology for asset tracking and management.
Direct Indexing and ETF Innovations
Direct indexing and actively managed ETFs are changing the competitive landscape in investment management. These innovations offer more personalized investment options, catering to the evolving needs of investors who seek more control and customization in their investment strategies.
Customer-Centric Approaches
The industry is also seeing a shift towards customer-centricity in investment vehicles and portfolios. Understanding the target investor and offering diverse investment options tailored to their preferences is becoming increasingly important. This approach is predicated on knowing the types of investments investors want and how they prefer to interact with their investments and investment managers.
Insights from Deloitte's 2024 Investment Management Outlook
Deloitte's report adds several critical dimensions to our understanding of the wealth management landscape in 2024:
Firms are expected to invest in technology and associated controls to meet client expectations and achieve internal efficiency goals, even amid weak performance and margin pressures. However, there's a consistent decline in the percentage of firms expecting a large increase in tech spending in key areas like AI and Cybersecurity (see Figure 3 below).
There is a growing trend towards theme-driven portfolio construction, offering new avenues for product development.
See: Award-winning Investment App, Webull, Expands to Canada
The implementation of generative AI is transforming customer interactions, requiring collaboration across various organizational domains. Yet, see: Can AI Truly Replace Human Financial Advisors?
Quantum computing technologies are being considered for revenue generation, but they also pose cybersecurity threats that need to be addressed.
Aligning the workforce with the firm’s sense of purpose is becoming crucial for navigating organizational changes, leading to improvements in efficiency, productivity, and collaboration.
Image: Deloitte, Center for Financial Services, 2024 Investment Outlook
Other Insights by CapIntel in Collaboration with Vivaldi Research (more)
Clients primarily seek financial advisors due to time constraints, the complexity of investing, or for validation of their choices. They value personalization, convenience, and efficiency in financial planning.
Investors want more decision-making tools, future scenario visualization, and active participation. They prefer a partnership role in their advisory meetings.
See: WealthTech in Asia-Pacific: A Trillion-Dollar Opportunity
There is a growing demand for visually engaging, credible digital experiences. Advisors recognize the importance of meeting these expectations to build trust through transparency and investor education.
The use of technology as a solution in addressing these challenges enhances transparency, enables proactive communication, and provides better access to data and proposals, all crucial for building trust.
Conclusion
The wealth management industry in 2024 is characterized by a blend of technological innovation, a deeper understanding of investor needs, and a strategic approach to organizational and operational challenges. From the integration of WealthTech platforms to the advent of quantum computing and AI, these developments are reshaping the industry, setting new standards for efficiency, personalization, and security in wealth management.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
| | |
|---|---|---|
| | |
Award-winning Investment App, Webull, Expands to Canada
Investing | Release | Jan 8, 2024
Image by tonodiaz on Freepik
Webull's entry into the Canadian market is poised to revolutionize the investment landscape
Webull Corporation has expanded its brokerage services to Canada through Webull Securities (Canada) Ltd. This expansion allows Canadian residents to trade both Canadian and US-listed equities. Webull Canada secured its authorization in November 2023 and is seen as a significant move to provide low-cost trading solutions to Canadian investors. The platform's state-of-the-art app offers market data, tools, analytics, and education for free, which is a major draw for users.
See: Emerging Investors: Gen Z Canadians Take the Lead in Global Investment Trends
Michael Constantino, CEO of Webull Securities (Canada) Limited:
"Webull's state-of-the-art app, driven by world class technology, offers market data, tools, analytics, and education for free and brings a low-cost trading solution right to your fingertips. We already have tens of thousands of Canadian users leveraging market data and analytics alone, so we are proud to bring the award-winning brokerage services to them and look forward to expanding our user base in Canada."
Hey Canadian Investors, Get Ready for Webull!
Webull, the investment app that's been making waves globally, has just landed in Canada, and it's a big deal for all you savvy Gen Z and Gen X traders out there. With over 40 million downloads worldwide, Webull isn't just another trading platform; it's a revolution in your investment journey.
What's the Buzz About?
- Webull Canada is your new playground with over 10,000 stocks and ETFs. Whether you're into big names like Apple and Tesla or looking for something more niche, Webull's got your back.
- For those who love diving into data, Webull offers advanced charts and indicators that are super intuitive. It's like having a financial analyst in your pocket.
See: Global Competition Review: Key FDI Trends
- Get the lowdown on market trends with US Market Level 2 Quotes including Nasdaq Totalview (real-time insights). It's like having a crystal ball for the stock market, showing you the best bids and asks and even predicting opening and closing prices. This feature offers the best 50 levels of bids and asks, along with forecasted opening and closing price information, giving traders a significant edge.
- Webull's excellence in the investment field has not gone unnoticed. The platform has been recognized with several awards, including 'Best Brokerage App', 'Best Broker for Low-Cost Options Trading in 2022' and 'Best Investor Community in 2022'. In 2021, it was hailed as 'The Best Investment App', underscoring its commitment to providing top-notch services to its users.
So How Does Webull Compare with Wealthsimple
| Feature/Service | Webull | Wealthsimple |
|---|---|---|
| Target Audience | Active and experienced traders | Beginners and passive investors |
| Stocks & ETFs | Wide range, focusing on US and Canadian markets | Available, with a focus on simplicity |
| Trading Fees | Commission-free | Commission-free for stocks and ETFs |
| Account Minimums | No minimum balance required | No minimum for Trade; minimum for robo-advisor |
| Advanced Tools | Advanced charts, technical indicators | Basic tools on Trade; automated tools in robo-advisor |
| Market Data | Real-time data and Level 2 quotes | Basic real-time data |
| Mobile/Desktop App | Robust mobile app and desktop platform | User-friendly mobile app |
| Robo-Advisor | Not available | Available, with automated portfolio management |
| Crypto Trading | Not typically offered | Available |
| Additional Fees | Fees for advanced data, margin trading | Management fees for robo-advisor, currency conversion fees |
| Special Features | Suited for day trading and in-depth analysis | Automated rebalancing, dividend reinvesting in robo-advisor |
In a nutshell, Webull targets more active and experienced traders with its advanced tools, while Wealthsimple caters to both beginners (with Wealthsimple Trade) and those seeking automated investment management (with its robo-advisor service).
See: Wealthsimple Launches Private Equity Fund for Retail Investors
Webull is more focused on active trading, whereas Wealthsimple offers a broader range of services including automated investing and crypto trading. Both offer commission-free stock and ETF trading, but Wealthsimple's robo-advisor services come with management fees.
Conclusion
The launch of Webull in Canada is a game-changer for Canadian investors. With its extensive range of stocks and ETFs, advanced trading tools, and a track record of global success, Webull is set to become a key player in the Canadian investment scene. Canadian investors now have access to a platform that not only offers a wide range of investment options but also provides the tools and resources necessary for informed trading decisions.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
| | |
|---|---|---|
| | |
FrontFundr’s Impactful ‘Capital for the Community Campaign
Fundraising | Dec 21, 2023
FrontFundr's pioneering 'Capital for the Community' campaign stands as a testament to the power of collective action and shared vision
The "Capital for the Community" campaign by FrontFundr started on December 1st and ended on December 15th. This timeframe was specifically chosen for the campaign, focusing on a period of 15 days, which they referred to as the "15 Days of Christmas" During this period, FrontFundr committed to donating 2% of the value of all investments made in eligible community campaigns to Covenant House, a non-profit organization supporting youth experiencing homelessness. The campaign, a first of its kind, not only set a new precedent in community-focused investment but also illuminated the path for future endeavors in social impact investing.
Successful Campaign Impact
The campaign's success story is one for the books. With an impressive completion of 133 investments, FrontFundr has injected $309,503 into promising companies, fostering growth and innovation. But the impact doesn't stop there.
The campaign also facilitated a generous donation of $4,390 to Covenant House Vancouver. Thanks to a triple matching campaign provided by the generosity of Kim and Bryan James, a total of $8,780 was collectively raised enabling Covenant House to:
- Provide warm and nutritious meals
- Provide holistic support and a safe space
- Offer medical attention and support
- Provide warmth and protection from extreme cold weather
- And much more
Campaign funding was also provided to Covenant House Toronto. In Toronto, Frontfundr is collaborating with Kits for a Cause to assemble and provide essential kits for young people facing homelessness. These kits, thoughtfully curated with practical items, are designed to offer comfort and warmth during challenging times.
See: How Crowdfunding Can Benefit Charities
Take, for instance, the Winter Warmth Kit – it's packed with necessities like gloves or mittens, thermal socks, a polar fleece blanket, an emergency blanket, a cozy winter hat or toque, a fleece scarf, lip balm, body lotion, and a sleeping bag. Each item in these kits is carefully selected to provide maximum comfort and protection against the harsh winter elements.
Gratitude and the Ripple Effect of Compassion
As we edge closer to 2024, FrontFundr's message of gratitude resonates deeply within the community. This campaign was a collaborative effort with support from investors, entrepreneurs, partners, and the community at large.
The 'Capital for the Community' campaign is a pioneering model in social impact investing. By donating 2% of the value of all investments in eligible community campaigns, FrontFundr ensured that each investment not only supported a company but also contributed to a noble cause. This innovative approach has set a new standard in the intersection of business and social responsibility.
See: Celebrating 7 Years of Regulation Crowdfunding: 4100 Startups Now Valued at $60 Billion
The collective support has been a lifeline, enabling Covenant House to offer meals, safe spaces, medical support, and warmth during harsh winters. The total impact of $8,780 is a testament to what can be achieved when compassion and investment go hand in hand.
A Call to Action
As we applaud FrontFundr's remarkable achievements, let's also take this as a call to action. Let's be inspired to invest not just in businesses, but in communities, in people, and in our collective future. The 'Capital for the Community' campaign is a movement. A shift in how we perceive the power of investment. Let's carry this torch forward, illuminating paths of hope, change, and community solidarity.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
| | |
|---|---|---|
| | |
Is StoneX Bullion a Reputable Company? A Clear Answer
Dec 14, 2023
Image: Unsplash/Zlaťáky.cz
Everyone wants to invest in lucrative ventures, but finding the right opportunities can be tricky. If you are new to investing or already have investment portfolios and want to diversify, go the precious metals path.
With the uncertainty of the economy and other factors, no one is sure of their financial future unless one invests in an infallible industry like the precious metals sector. Trading in gold and silver is an age-old venture that has hardly ever failed. However, before you excitedly go that route, selecting the best platform to secure your interests is crucial.
Not every platform you see online can handle investments or provide the required security to protect assets. Finding one that allows you to buy, sell, and store your silver, gold, and other precious metals in one place is usually best. That way, trading is easy and quick. Also, you are securely insured in the event of downturns or losses.
That is where StoneX Bullion comes into the picture. You may find a few trading platforms for precious metals that rank as high as StoneX Bullion, and the verified reviews tell the story. It is a trusted trading platform for selling, purchasing, and storing all your precious metals.
Using StoneX Bullion allows you to invest and diversify your investments, giving you access to assets you can see and touch. In other words, it is not just virtual assets; they are tangible, and you can easily inspect them if necessary.
Perks of using StoneX Bullion
Research will show you that there are an unbelievable number of precious metals trading platforms. As a beginner or even an experienced investor, finding one company that caters to all your needs in one place can feel daunting.
While several are reliable and rank high in the industry, StoneX Bullion distinguishes itself for various reasons. So, the following are the benefits of choosing this platform and how you can get the best from the brand.
1. Wide Reach Globally
The platform is not restricted to the local or national market. It has a broad reach in international markets, taking advantage of the abundant opportunities and available liquidity to help you sell and buy gold, silver, palladium, and platinum.
When you have a broader market, the possibilities increase, giving you more room to explore and connect with other traders from various countries. International exposure increases your portfolio and gives you the experience to move forward.
2. Excellent Pricing Structure
Since 1997, StoneX Bullion has offered amazing prices to its customers, competitive costs that attract investors from every walk of life. You get access to the best opportunities available in the market without breaking the bank.
While top-quality service usually translates to expensive pricing, StoneX Bullion strives to level the playing field so that new and old investors can comfortably use the platform and diversify their portfolios.
3. Adequate Insurance Coverage
One of the prime points of any top trading platform, especially those in the precious metals industry, is insurance. A company without adequate insurance is a ticking time bomb, and you do not want to use that service. Insurance protects you against hackers, damage, theft, or other risks.
The responsibility for protecting your physical assets is not on you, so you can rest assured that you are safe. StoneX Bullion has insurance to cover your precious metals and investments to keep them safe, which is one of the marks of a reliable trading platform. Click here to learn more about the importance of insurance for stored metals.
4. Security
Since the company provides physical assets, it is only fitting that it also provides storage facilities to keep them. It is not only about having enough space for the goods; the more important aspect is security. Precious metals are in high demand, and theft is always possible.
However, this brand provides high security for the storage spaces, so you do not have to find storage and pay high facility fees for them because of the nature of your stored goods.
5. Privacy
The information you provide for setting up or maintaining an account with StoneX is safe and secure. The platform does not have the reputation of losing clients’ information to hackers or unsatisfied employees. It also keeps your records confidential; the brand does not disclose information to any third party. That way, your investments and trading details are safe.
6. Various Products Available
Gold is the most-priced precious metal because of its diverse uses and market value. While other equally valuable metals are available and mined for various uses, gold remains at the top of the food chain. Silver is a close second, meaning any credible platform would have these two metals.
However, StoneX has more than gold and silver; it also offers palladium, platinum, and rare coins. The platform is not only for investors and traders looking for the best precious metals at reasonable prices; it is also a treasure trove for collectors of rare coins.
How the Platform Works
Opening, using, and maintaining an account with StoneX is straightforward. Since it is an online brand, you can easily find the official website and start the process. Open the site and tap the Open an Account button.
A small form will appear, requiring basic personal details. Fill out the form, provide the necessary documents for identification, and select your preferred account type. Apply and wait for approval, which may take several days.
The platform will send further details once approved, and once the platform sends them, log in and fund your account from your bank account. Then, you are all set up; you can begin trading on the platform. You will find all the precious metals available with the company.
Select the ones you want to buy or invest in, fill out the quantity you wish to buy, confirm the order, and pay. You can check out this resource https://www.sunridgegold.com/stonex-bullion-review/ to learn more about the steps and benefits of using StoneX Bullion. You will also learn how the brand compares to other precious metals dealers in the industry.
Possible Risks
As with every investment in precious metals, you may experience market volatility. This refers to the instability of the products’ market prices. They may rise and fall several times within a specific period, especially in an unstable economy.
Liquidity is another risk factor; sometimes, you may have difficulty selling your assets when you want, which may tie down funds necessary for an emergency. However, using a trusted dealer and understanding the market can prevent panic and help you navigate such situations.
Conclusion
StoneX Bullion is a reputable company for your precious metal investment. It is also reliable if you want to diversify your investment portfolio because it offers several product options at competitive rates.
See: The Complexities of Auditing Digital Assets
You can access the global market and safe storage facilities for your physical assets. However, keep the possible risks in mind when investing, and stay abreast of the market trends to be afloat in volatile times.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
| | |
|---|---|---|
| | |
Pro Tips for Mastering Interac Casinos with e-Transfer in Canada
Dec 6, 2023
Image: Pixabay/Mohamed hassan
Online gambling has become one of the favorite sources of entertainment for Canadians. The huge demand has attracted many casino brands to invest in the Canadian market. That is probably one of the reasons why we have many e-transfer online casinos available for Canadian players.
E-transfers have made all transactions much quicker and easier. There are dozens of options available in Canada, but it seems that one has become more popular than the others, and that is Interac. The number of online casinos that accept Interac is growing on a monthly basis. Based on our experience, it will probably become the number one choice among gamblers.
Yet, we also do understand that beginners do not know a lot about online casinos that accept e-transfer with Interac. Because of that, we would like to talk about all the important pieces of information about this sort of casino sites. You will find out more about Interac itself, how to find the best Interac casinos and so on. So, let’s go!
How to Recognize the Best Interac Casinos?
We have noticed that the most common question regarding online casinos that accept Interac is - which site is the best one? We are not here to give direct answers to such a question.
Instead, we would like to highlight the common features of the best Interac e-transfer casinos. First and foremost, they must be licensed, certified, and tested by independent regulatory bodies. Also, Canadian players should check out the diversity of games, bonus terms and other things.
You do not have to go through this process manually. The good news is that there are many expert guides where you can read in-depth analyses of different Interac Casinos in Canada. The Interac e-transfer casinos, according to these expert reviews, really do pay attention to all the mentioned features in the previous paragraph. We invite you to check out direct comparisons of the best Interac casinos in Canada and make a decision based on the information collected there.
Benefits of Interac Casinos in Canada
A common doubt Canadian players have is what they can expect from Interac online casinos. Generally speaking, Interac itself does ensure a couple of essential benefits for Canadian gamblers. We would like to analyze them one by one. Let’s go!
The Number of Interac Casinos in Canada Is Growing
Availability is the biggest benefit of these casinos. As we already said on this page, almost every month, a new casino that accepts Interac appears on the market. That means people will manage to use this popular payment method on almost every casino website.
Very Simple Transactions
Not everyone in Canada needs to understand how the online world functions. Fortunately for people unfamiliar with advanced technology, Interface is extremely simple to use. Creating an Interac account lasts for a few minutes. The same rule applies to opening an account at any online casino accepting this payment method. After that, you will need to write down the amount of money you want to transfer, and that would be it!
Interac Casinos in Canada Ensured Quick Transactions
All the casinos that accept Interac will ensure extremely quick deposits and withdrawals. Money transfers in both directions are going to be instant (you will eventually need to wait for a couple of minutes). Indeed, some other payment methods, like cryptocurrencies, offer something similar. However, they also come with certain disadvantages that will not be your concern if you decide on using Interac for casino transactions.
Highest Level of Safety
The biggest concern among gamblers playing games at Interac online casinos is - whether this payment method is safe. There is absolutely no reason to think about your own safety when using Interac. It is a 100% safe and legitimate platform. With this payment method, you will not have to share confidential data. Instead, it will be enough just to use the client's card number and the banking pin. That way, you will get access to the funds you plan to transfer from or to your casino account. In addition, we have to highlight that every single transaction made by Interac is recorded by the bank. The latest encryption technology ensures that no third party will manage to access important details regarding transactions!
How to Deposit and Withdraw Money at Interac Casinos in Canada?
As we said, going through the entire money transfer process at online casinos that accept Interac is easy. Yet, we would like to pay more attention to this process. The steps you need to take to deposit money at the best Interac casinos look like this:
- 1st step: Reach the homepage of the Interac casino in Canada you have chosen.
- 2nd step: Open the account and select Interac as the preferred payment method.
- 3rd step: Fill the empty table with the necessary Interac information.
- 4th step: Type down the amount of money you want to transfer to your casino account.
- 5th step: Confirm all the details are fine and click on the “deposit” button.
- 6th step: If necessary, check your bank account to confirm the transaction additionally.
On the other hand, the entire withdrawal procedure can be finished in five steps. They are:
- 1st step: Log in to your casino account.
- 2nd step: Go to the transaction page (the name varies from one Interac casino to another).
- 3rd step: Select Interac as the withdrawal payment method.
- 4th step: Insert all the information required by the casino about your Interac account.
- 5th step: Type in the amount of money you want to withdraw and wait for funds to be available at your Interac account (usually, it takes minutes).
Conclusion
These are some of the most essential pieces of information about Interac. Based on our research, this has become one of the most popular payment methods among Canadian gamblers. Its popularity certainly won’t stop growing since all the Interac transactions are safe, cheap, and quick.
See: From Gaming to Gig Economy: How Canadians are Embracing New Payment Methods
At the same time, the number of Interac casinos in Canada is growing, which is another reason why we believe this will become the number one casino payment method soon. Enjoy the benefits of this payment method and make your gambling more comfortable.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
| | |
|---|---|---|
| | |
Record 2023 US Crypto Lobbying Expenditure
Crypto | Dec 4, 2023
Image by Freepik
US cryptocurrency industry sets a new record in federal lobbying expenditure in 2023
In 2023, the US cryptocurrency industry is on track to surpass its previous record in federal lobbying spending. As reported by Reuters, according to OpenSecrets, a nonprofit research group, crypto companies have already spent $18.96 million in the first three quarters, exceeding the $16.1 million spent during the same period in 2022.
A look back to 2021: Crypto lobbying is going off the charts
This surge in lobbying efforts comes in the wake of reputational damage and the need for favorable legislation, despite the high-profile collapse of FTX, a major spender in this arena last year.
Why It's Important
This record spending in lobbying by the US crypto industry highlights the sector's determination to influence policy and regulatory frameworks amid increasing scrutiny and regulatory challenges. This trend signals crypto's evolving role and the need for clear regulatory guidelines which is crucial for its long-term stability and growth.
Questions and Answers
How much has the cryptocurrency industry spent on lobbying in the first three quarters of 2023?
- The cryptocurrency industry spent $18.96 million on lobbying in the first three quarters of 2023, marking a significant increase from the previous year.
Which companies are leading the lobbying expenditure in the US crypto industry?
- Coinbase, the largest US crypto exchange, is leading the lobbying expenditure, followed by Foris DAX (operating Crypto.com), the Blockchain Association, and Binance Holdings.
See: Unraveling Crypto’s Role in Global Terrorist Financing
What are the main reasons behind the increased lobbying spending by the crypto industry?
- The increased lobbying spending is primarily to repair reputations following scandals like the FTX collapse and to navigate the growing regulatory scrutiny from bodies like the US Securities and Exchange Commission (SEC).
What are the legislative goals of the crypto industry in their lobbying efforts?
- The crypto industry's legislative goals include combating SEC lawsuits, advocating for the approval of a spot bitcoin exchange-traded fund (ETF), and advancing crypto-friendly legislation in the House of Representatives.
Despite the passage of major bills, what is the ongoing advocacy strategy of the crypto industry?
- Despite the passage of major bills in the House committee, the crypto industry continues its advocacy efforts. For instance, Coinbase has launched a grassroots campaign and is planning more meetings with lawmakers to further their objectives.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
| | |
|---|---|---|
| | |
