sponsored Version 1.0 of the platform was launched to change the process of collecting reviews from customers, by means of blockchain technology. On October 24, Revain, a service for collecting customer reviews, released a full-scale working 1.0 version of its Ethereum-based platform. As the project team reported to Cointelegraph, the 1.0 version is completely blockchain-based, […]
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Bank of America Merrill Lynch (BofA Merrill) is introducing a new solution for other financial institutions (FIs) in the interbank payment system to automate foreign exchange (FX) conversion. The new solution, AutoFX, aims to make it easier for smaller banks to streamline cross-border payments for their customers by automating foreign exchange conversion before the transaction occurs, […]
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It was a good week for wearables and their future, as the devices continued to show indications of strong promise on the B2C and B2B fronts. A sizzle in its own right – and also possibly a sizzle within a sizzle for payments and commerce players who may stand to see their boats lifted by wearables’ rising […]
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Data from the Commerce Department Friday (October 26) show an initial reading of GDP growth for the third quarter at 3.5 percent annualized, boosted by consumer spending. Though the latest headline number represents a slowdown from the second quarter’s 4.2 percent growth rate, that slowdown had been expected. In addition, the 3.5 percent showing was […]
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Snap Inc. released its third-quarter earnings results on Thursday, reporting revenues of $297.6 million for the quarter — a 43 percent jump year over year, and new record. However, the company reported a loss of two million daily active users (DAUs) from last quarter, dropping to 186 million in Q3. Snap’s gradual revenue growth. At […]
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Halloween, the annual celebration of the spooky and supernatural, is just a couple of days away. For many in payments and the vast ecosystem that it powers, the scariest thing about Oct. 31 might not be the sight of a kid in a full-on Frankenstein costume at the door on Halloween night asking for candy. […]
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Social media is a terrific breeding ground for travel envy — there is no faster way to find yourself wishing you were in a more exotic, warmer and more pleasant climate than to view someone else’s social media images of already being there. And among the social sites, Instagram, with its photo-centric orientation, has ben […]
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In the first of a three-part series, CT looks back at Chinese authorities’ attempts to make the People’s Republic impregnable to the crypto phenomenon, and the industry response. Take a quick look at CnLedger, a Twitter-based Chinese crypto news information source, and a tweet pinned at the top of its profile might come as something […]
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Alibaba Cloud is expanding its enterprise-level Blockchain-as-a-Service outside China. Alibaba Cloud, the cloud computing arm of China’s e-commerce giant Alibaba Group, is enhancing its Blockchain-as-a-Service (BaaS) offering outside China, the company announced in a press release on Oct. 24. Following the roll out of its BaaS platform in China, Alibaba Cloud will expand its enterprise-level […]
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A New York judge has ruled in favor of Chinese giant Alibaba in its trademark infringement case against Alibabacoin. Chinese e-commerce giant Alibaba has won a preliminary injunction against Dubai-based Alibabacoin Foundation in a lawsuit over the misleading use of Alibaba in their name, financial website MarketWatch reports Wednesday, Oct. 24. The U.S. District Court […]
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