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Ripple CEO Brad Garlinghouse reportedly said Wednesday (June 11) that the company’s XRP cryptocurrency could account for 14% of the cross-border payment volume currently handled by SWIFT within five years.
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Noting that SWIFT handles messaging while banks handle liquidity, Garlinghouse said, “I think less about the messaging and more about liquidity,” Seeking Alpha...
There’s a revolution under way, with proponents heralding it as a reimagination of what money is and how it moves.
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We’re talking about stablecoins: tokenized assets on the blockchain whose value is pegged to traditional currencies, most often the U.S. dollar.
Amazon is exploring issuing its own digital dollar. So is Walmart. Shopify has begun letting merchants accept...
An artificial intelligence hiring platform has reportedly cut hiring time at Chipotle by 75%.
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The quick-service restaurant chain has been using the platform — which was built by recruiting software firm Paradox and dubbed “Ava Cado” by Chiptole — for a year, CNBC reported Friday (June 13).
“This not only helps us keep our restaurant staffed, but ensures we have the best...
Circle and Chime garnered the lion’s share of FinTech-focused headlines through the past several days, particularly those centered on Wall Street.
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However, there is a tailwind to early-stage financing of FinTechs focused on platform models that re-imagine lending and businesses’ back-office processes. Banks are broadening their efforts to help FinTechs, once competitors...
Biotechnology research firm Thermo Fisher Scientific is reportedly looking to sell part of its diagnostics business amid industrywide concerns about federal cutbacks in spending on research.
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The company’s advisers have been talking with private equity firms to assess potential buyers’ interest in the unit, seeking around $4 billion, the Financial Times (FT) reported...
Artificial intelligence is playing an increasingly central role in shaping how companies engage with customers, but many of the most impactful innovations are designed to operate quietly in the background.
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That was the key message from a panel discussion at the VivaTech 2025 conference in Paris on Friday (June 13) featuring executives from Louis Vuitton, Verizon and...
Whoever owns the rails of digital payments might just own the next phase of commerce.
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Stablecoins, once dismissed as niche instruments for cryptocurrency enthusiasts, could be poised to mature into legitimate infrastructure for commerce by challenging legacy roles in the issuer-merchant-acquirer stack.
Walmart and Amazon, for example, are reportedly interested in...
Artificial intelligence is rewriting the rules of the travel industry — and the CEOs of two major companies said the transformation is only beginning.
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Speaking at the Viva Technology 2025 conference in Paris, Expedia CEO Ariane Gorin and Accor CEO Sébastien Bazin described how generative and agentic AI are reshaping internal operations, customer experiences and...
Household net worth in the United States declined by 0.9% during the first quarter, according to the Federal Reserve.
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The figure decreased by $1.6 trillion, from $170.9 trillion in the fourth quarter of 2024 to $169.3 trillion, the Federal Reserve said in its “Financial Accounts of the United States” released Thursday (June 12).
This was the first decline since the...
PayPal is doubling down on artificial intelligence (AI) and data-driven personalization to maintain its competitive edge in the changing digital payments landscape, according to Diego Scotti, general manager of PayPal’s consumer group.
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“AI is changing commerce as we speak,” he said during a fireside chat at the Viva Tech 2025 conference in Paris.
Scotti discussed how...