Fintech giants wade into cryptocurrency

The International Monetary Fund (IMF) has issued a grim outlook for global growth in the wake of the novel coronavirus pandemic. The IMF’s chief economist spoke about the role of central banks in fighting this economic crisis, advocating for their intervention. In the digital currency world, digital payment giant PayPal is reportedly looking at whether or not to offer direct sales of Bitcoin and other cryptocurrencies to more than 300 million users globally through its mobile subsidiary, Venmo.