As SWIFT continues to see traction in its global payments innovation (gpi) initiative, a number of banks in Asia have signed on in recent days. SWIFT said it is working with five banks in Malaysia to bring the gpi initiative to the country over the next few months. Those banks — Hong Leong Bank, Maybank, […]
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Despite mainstream viability of cryptocurrencies continuing to hang in the balance, applications for blockchain in business and technology continue to emerge at an incredible pace. There are now endless uses for blockchain technology, including transportation, data sharing and storage, real estate, healthcare, gaming, mining and more as traditional businesses are slowly increasing their focus on […]
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Rideshare company Lyft’s revenue more than doubled in the first half of the year to $909 million. In addition, the company’s net loss increased at a slower rate than a year earlier, going up by 46 percent to $373 million. The company also lost 41 cents for every dollar of revenue, an improvement from a […]
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The National Stock Exchange of India is testing a Hyperledger-based blockchain platform developed by Elemential Labs to conduct e-voting. The National Stock Exchange of India (NSE) is testing a blockchain platform developed by Elemential Labs to conduct e-voting for listed companies, local news outlet Hindu BusinessLine reports September 27. The NSE’s pilot will entail tokenizing […]
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Amazon has opened Amazon 4-star, a new store in New York City where every product is rated 4 stars and above, is a top seller or is new and trending on Amazon’s website. The store is located in New York City’s SoHo neighborhood, on Spring Street between Crosby and Lafayette Streets. “We created Amazon 4-star […]
Continue ReadingScrabble has added the word ‘bitcoin’ to the list of words that players can officially use in its popular board game, CNBC reported. That is, Merriam-Webster included the cryptocurrency in its newest official dictionary for Scrabble. According to its dictionary, bitcoin is defined as “a digital currency.” How many points can a player score by […]
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Chegg, a technology giant specializing in textbook rental, suffered a data breach affecting around 40 million customers. According to CNBC, Chegg’s shares fell more than 12 percent on Wednesday (September 26) after the news broke. The breach, which happened in April but was only discovered a week ago, was revealed in a filing with the Securities and […]
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Hong Kong has launched the Faster Payments System (FSP), which allows users to send money almost instantly using a mobile number or email address as an account proxy. In March, the Hong Kong Monetary Authority (HKMA) announced plans to introduce a faster payments system that will link into 20 banks and eight electronic payment operators, with […]
Continue ReadingOrigins are all the rage in modern life: origin stories, family origins via DNA and digital ancestry databases. Add to that Walmart’s latest effort to gain more grocery market share: using blockchain technology to trace the origin of the food sold by the retailer back to the farms from which it came. The idea is […]
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Want to understand payments innovation in Latin America? First, let’s talk about ingredients — as in food. Imagine a shopping bag full of common ingredients, the staples that are familiar and affordable for a wide range of consumers. Consider all the ways in which those common ingredients can be combined into a tasty dish — […]
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