Fidelity Investments on Pension Plans| Crypto Women Hires on the Rise in US| NPCI’s guidance on UPI

by Retirement Advisor | Jan 17, 2023 | Fidelity IRA

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The multinational financial services corporation based in Boston, Fidelity Investments, has revealed the firm is allowing people to add bitcoin into their 401(k) plan as long as the employer allows it. According to Fidelity’s head of workplace retirement offerings, the company has seen “growing interest from plan sponsors” that wanted to add bitcoin to pension plans.

The cryptoasset industry is intensifying its recruitment of new employees, with crypto hires rising by a robust 73% between 2019 and 2021 in the US. The number of female professionals hired by the industry is also on the rise, but their share of the total is decreasing, according to a recent report by employment-oriented social media platform LinkedIn.

The banks are seeking clarity on UPI’s use for crypto transactions after NPCI said it is not aware of any crypto exchange using the payment rail.
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