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Is blockchain helping Wall Street trading break the confines of the workweek?
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That reality could be on the horizon, Bloomberg reported Tuesday (Aug. 12), after a group of finance heavyweights used a cryptocurrency blockchain to trade U.S. Treasurys for digital dollars on a Saturday.
The trade was carried out on the Canton Network, a public blockchain, allowing a...
Visa’s stablecoin strategies could include the launch of its own coin someday.
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That’s according to a report Tuesday (Aug. 12) from Bloomberg News, citing sources familiar with the matter, as the news outlet examines Visa’s wider efforts in the stablecoin space.
“This is just another mechanism for value exchange,” Cuy Sheffield, Visa’s head of cryptocurrency, said in an...
Elon Musk is threatening to sue Apple over the way it ranks AI firms in its App Store.
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“Apple is behaving in a manner that makes it impossible for any AI company besides OpenAI to reach #1 in the App Store, which is an unequivocal antitrust violation,” the billionaire wrote on his X social media platform Monday (Aug. 11) evening.
Musk added that xAI, his artificial...
Watch more: Shared Vision, Scaled Impact: The Power of Strategic Partnerships in Payments
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Within the software as a service (SaaS), reseller, banking and payments space, strategic partnerships are emerging as the victor of the buy-build-partner dilemma.
While the old model of payments partnerships was often built on a singular objective, such as offloading payment...
Singapore is among the nations most visibly moving toward mobile-first shopping.
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In the “2025 Global Digital Shopping Index: Singapore Edition,” released by PYMNTS Intelligence and commissioned by Visa Acceptance Solutions, a survey of 1,510 consumers and 425 merchants in Singapore, underscores the reality that smartphones are not just tools for online purchases.
They’...
When eCommerce sales go live, consumers in the United States open their apps, scroll flash deals and fill carts.
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While they do their shopping across all platforms, they’re not playing any favorites beyond price.
The fact that Walmart’s Walmart+ event ran April 28 to May 4 while Amazon’s Prime Day event ran July 8 to 11 just meant more chances for more deals to a new,...
In a notable shift, new research indicates that smaller credit unions are not merely catching up to their larger counterparts in technological innovation but are rapidly emerging as leaders, defying traditional expectations of size determining pace. This burgeoning momentum among community-focused institutions underscores a powerful redefinition of competitiveness in the digital age.
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Riva Money raised $3 million in a pre-seed funding round to support the global rollout of its blockchain-powered technology that facilitates global money transfers.
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The company will use the new funding to roll out this solution in Europe, Asia and North America, expand its operations and add to its engineering team, according to a Tuesday (Aug. 12) press release emailed...
Bakkt announced a leadership transition Monday (Aug. 11) as it reported its results for the quarter ended June 30 and outlined its progress in its transition into a “pure-play crypto infrastructure company.”
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Andy Main stepped down as co-CEO and director, effective Monday, while former co-CEO Akshay Naheta became Bakkt’s sole CEO, the provider of solutions for the crypto...
Only one-third of the Americans receiving student loan bills are paying them.
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So said Bloomberg in a report published Monday (Aug. 11), which cited an April estimate by the Department of Education and added that a collective $1.6 trillion in student loans are owed by Americans.
Some borrowers who are ignoring their student loan bills told Bloomberg, per the report, that...