Dating Pro Digest: IAC CEO Navigates Social Distancing In Coronavirus Crisis; Cryptocurrency Back In Online Dating; Bumble Provides Small-Business Cash
Dia dhuit, my friends
Dating industry news digest for today:
- Head of Match parent navigates social distancing in Coronavirus crisis
- How tempting is blockchain and cryptocurrency for the online dating industry?
- Bumble provides small-business cash
Head of Match parent navigates social distancing in Coronavirus crisis
InterActiveCorp has a huge business portfolio, including Tinder, Match, OkCupid and etc.
In the latest interview with Wall Street Journal, CEO of IAC, Joey Levin talked about navigating social distancing during Coronavirus.
In this interview, he mentioned that due to pandemic, some of their businesses that involved house visits are hit.
As for the dating part of their portfolio, he said that they now focus on prioritizing video as quickly as possible.
“Being patient doesn’t mean to miss a moment, but to understand what the current environment is. And the current environment is something that we’ll get through, provided you’re financially organized to do that.”
How tempting is blockchain and cryptocurrency for the online dating industry?
Dating sphere once again takes interest in cryptocurrencies as they provide an anonymous payment for those looking for confidential experience. Payments made with cryptocurrencies make you safe from any chargebacks. And as opposed to credit card payments, your users don’t have to indicate sensitive data that sometimes get stolen by hackers.
Dating apps also practice rewarding their users for key actions with tokens they can spend on upgrades and services. For example, Hicky, it uses blockchain to make the data flow encrypted, it stores all user data and user verification thorough this decentralized tech.
Bumble provides small-business cash
Bumble now grants $5K to small businesses that are run by women.
Companies like Bumble and female billionaires as Sara Blakely offering millions of dollars to small businesses amid the Coronavirus.
Latest poll conducted by the U.S. Chamber of Commerce shows that 10% of small businesses will close permanently in around 1 month.
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Main Photo by Azrul Aziz on Unsplash