Best of the week: financial pyramid scheme explained, Africa’s fastest-growing economies, why is Robinhood stock going up

 

We’ve gathered some of the best and most interesting articles over the last week.

Top 5 apps for managing your budget

If you’re reluctant to use a money management app, you probably haven’t found the one that suits your financial goals and needs. Perhaps, our list can help you.

Venmo users can now purchase crypto with their cashback

Venmo cardholders can purchase different types of digital currencies such as Ethereum, Bitcoin Cash, and Litecoin via the ‘Cash Back to Crypto’ feature.

What is a financial pyramid scheme?

Thousands of people who wanted to multiply their wealth have fallen victim to financial pyramid schemes. What are those exactly and how do you identify one?

Robinhood makes its first acquisition as an IPO

For the first time since its initial IPO, Robinhood Markets will make an acquisition as a public trading company.

Why is Robinhood stock going up?

The Robinhood investment app has popularised mobile trading. Earlier this year, it enabled WallStreetBets users to speculate on AMC and GameStop shares. Today, it may seem the Robinhood stock itself has become the object of speculation, skyrocketing within a few days.

Survey reveals UK is a nation of online armchair traders

According to the findings of OnePoll on behalf of Capital.com, people in the UK are choosing to trade and invest in stocks and shares online rather than receive potential returns from savings accounts with all-time low-interest rates.

Los 5 países de Latinoamérica más baratos para vivir en el 2021

Durante los últimos años Latinoamérica ha experimentado grandes movilizaciones de personas de un país a otro y la llegada de muchos extranjeros que provienen de otros continentes. Las razones pueden ser económicas, sociales, culturales e incluso laborales, por lo que constantemente se está cuestionando cuáles son los países de Latinoamérica más baratos para vivir en el 2021.

Australia’s newest digital bank goes live on Temenos

Temenos has announced that Australia’s newest digital bank, Alex, has gone live on The Temenos Banking Cloud.

Sweden’s economic forecast 2021: what’s coming next?

Sweden is a Scandinavian country having thousands of coastal islands and inland lakes. It is a part of Northern Europe and a member of the European Union but retained its own currency (i.e., Swedish krona (SEK)). With a per capita income of $50,339 and a Human Development Index (HDI) of 0.945, it is one of the richest nations in Europe that has a very high standard of living.

Africa’s fastest-growing economies in 2021 unveiled

GlobalData has found that the fastest-growing economies in the region will be Morocco, Kenya, Ghana, Egypt and South Africa, which are all forecast to register above 4% real GDP growth in 2021.