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Andreessen Partner Predicts More Libra-Type Crypto Efforts

PYMNTS

Mint’s decision to phase out production of pennies next year, a partner at Andreessen Horowitz, a California-based venture capital firm, said money will be digital by 2030, Bloomberg News reported. Haun was questioned about why there are few venture capital companies investing in the space and if it will change.

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Facebook's Libra Hires HSBC Veteran As Managing Director

PYMNTS

The group, based in Geneva, Switzerland, was founded by Facebook to launch the social media company’s entry into digital currency. Mint’s decision to phase out the production of pennies next year, a partner at Andreessen Horowitz, a California-based venture capital firm, said money will be digital by 2030.

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Online Food Delivery Is Having A Bright Moment — But Clouds Are Gathering

PYMNTS

Food delivery in India has attracted venture capital in recent years, with some 400 food delivery startups getting off the ground — to say nothing of Uber and Google launching Uber Eats and Areo , respectively, in the country. That said, online food delivery is having its moment.

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Citi On Simplifying Cross-Border Payments

PYMNTS

Agarwal pointed to macro trends as tailwinds, including the entrenchment of social media, digital advertising, the lower cost of technology and a growing middle class evident in several emerging economies around the world. Macro Trends as Tailwinds. Only 20 years ago, eCommerce was an unheard-of notion.

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From China With Love: AI, Robotics, AR/VR Are Hot Areas For Chinese Investment In US

CB Insights

We define Chinese investment as participation in private financing rounds by investors (corporate, venture capital, angel, private equity, etc.) Here’s what we found: Artificial intelligence — In July, China announced a new development plan to become the world leader in AI by 2030 and build a domestic industry worth $150B.

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Fashion Forward: How Tech Is Targeting Waste & Pollution In The $2.4T Fashion Industry

CB Insights

Fueled by social media, consumers want to get a hold of the latest trends as quickly as possible, and retailers must rapidly increase production to meet demand. Source: Ellen MacArthur Foundation. The fast fashion model, wherein designs move swiftly from runway to stores, is considered a major contributor to these problems.

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12 Industries That Will Thrive Thanks To Millennials

CB Insights

Social media is also helping campers discover new places to visit, then share their experiences with others: 30% of millennials said that they picked a camping spot after seeing someone else go there. As with many industries in today’s information economy, millennial travel trends are strongly influenced by social media.