But only for vendors, so retail users will have to wait. Online payments giant and Cash App owner Stripe is stepping into a new realm of financial services for vendors. Per a Wall Street Journal exclusive on Thursday, Stripe is looking to offer customers bank accounts and debit cards. However, these financial products will be […]
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Monetary reforms and a lack of regulation mean crypto is booming in Cuba. Cuba is seeing an influx of cryptocurrency activity amid an apparent absence of related regulation in the country, according to senior executives at local crypto firms. In early November, Cuba recorded a major spike in Bitcoin (BTC)-related Google queries, indicating an increase […]
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Cubans are interested in Bitcoin as other major digital payment options like PayPal are unavailable. Cuba is apparently seeing an influx of Bitcoin (BTC)-related activity as Bitcoin interest is on the rise in the country. According to data from Google Trends, Cuba now ranks second in terms of Bitcoin interest over the past 30 days. […]
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The CEO of Mastercard believes Bitcoin is too volatile and opaque to drive financial inclusion, however, CBDCs are a different story. Bitcoin cannot function as an inclusive currency for the unbanked due to its volatility, Mastercard CEO Ajay Banga said during Tuesday’s Fortune Global Forum conference. He also cited a lack of knowledge about who […]
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Libra gets another member as it strives to have 100 entities on board. The Facebook-initiated Libra blockchain project continues to grow as its governing body has added a new major industry partner. Blockchain Capital, one of the largest venture capital firms in the blockchain industry, has joined the Libra Association, according to an official Sept. […]
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A fintech-positive U.S. banking regulator sees a role for private companies in providing better banking services. The United States Acting Comptroller of the Currency, Brian Brooks, recently expressed his willingness to embrace fintech solutions in an interview with CNN. Brooks, who was formerly Chief Legal Officer at Coinbase, explained that his job now was to […]
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Why do enterprise blockchain implementations fail, and what can enterprises do to increase their chances of success? In the enterprise realm, blockchain has moved from an experimental toy to a top-five strategic priority. As a technology that can improve security and coordination both within and between enterprises, it is now seen as an important path […]
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Another class action lawsuit against Plaid has been filed citing the company violated user data privacy. A new class action lawsuit complaint against fintech startup Plaid has been filed with more plaintiffs alleging the company violated the data privacy of users. The new complaint filed on behalf of four new plaintiffs alleged that Plaid—which was […]
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A new class action alleges that Plaid, which Visa recently bought for over $5 billion, had unparalleled access to the financial information of millions of users. June 25, a new class action was filed in California against fintech startup Plaid, which was acquired by Visa for $5.3 billion earlier this year. The plaintiffs allege that […]
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Representatives of companies that were allegedly hacked strongly deny the allegations, stating that the exploit had been fixed years ago. According to a report by an online monitoring web portal, Under the Breach, a hacker was able to penetrate the privacy protocols of major firms such as Trezor, Ledger and Bnktothefuture on May 24 and […]
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