Bitcoin Daily: BlockFi, Visa To Offer Card With Bitcoin As Rewards; Crypto-Based Event Aims To Raise $1 Million For Charity
Bitcoin Daily: BlockFi, Visa To Offer Card With Bitcoin As Rewards; Crypto-Based Event Aims To...
December 01, 2020  |  Bitcoin

Visa has partnered with BlockFi to launch a credit card that offers bitcoin rewards rather than travel points or cash back, according to an announcement...

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India To Cap FinTech Payments Volumes At 30 Pct
India To Cap FinTech Payments Volumes At 30 Pct
December 01, 2020  |  ANTITRUST

India, in a bid to curb antitrust concerns, is trying a new strategy, putting a 30 percent cap on what a single player can grab...

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Lightspeed Buys Restaurant POS Upserve To Strengthen Hospitality Offering
Lightspeed Buys Restaurant POS Upserve To Strengthen Hospitality Offering
December 01, 2020  |  Partnerships / Acquisitions

Lightspeed, which provides omnichannel cloud-based platforms, has acquired restaurant management cloud software company Upserve, according to a press release. Lightspeed bought Upserve for $430 million,...

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CFPB Clarifies Position On Earned Wage Access Policy; Says Programs Are Not An Extension Of Credit
CFPB Clarifies Position On Earned Wage Access Policy; Says Programs Are Not An Extension Of...
December 01, 2020  |  Payment Methods

The U.S. Consumer Financial Protection Bureau issued an advisory opinion Monday (Nov. 30) that earned wage access (EWA) products do not represent extensions of credit...

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From Libra to Diem: Facebook-Backed Crypto Project Changes Name
From Libra to Diem: Facebook-Backed Crypto Project Changes Name
December 01, 2020  |  Cryptocurrency

Goodbye Libra and hello Diem. Facebook’s cryptocurrency project on Tuesday (Dec. 1) unveiled a new name as it seeks to put some distance between itself...

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Digital Ad Spending Now 51 Pct Of US Total For First Time
Digital Ad Spending Now 51 Pct Of US Total For First Time
December 01, 2020  |  Business

Over half of U.S. advertising spending this year, or 51 percent, will go to Big Tech, such as Amazon, Google and Facebook, as the pandemic...

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Cyber Monday Rings Up $10.8 Billion In Record Sales
Cyber Monday Rings Up $10.8 Billion In Record Sales
December 01, 2020  |  eCommerce

Cyber Monday consumers rang up $10.8 billion in sales for the holiday, smashing records for the biggest online shopping day ever, according to new data...

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Swedish Startup Voi Scoots To $160 Million Funding For AltTransportation
Swedish Startup Voi Scoots To $160 Million Funding For AltTransportation
December 01, 2020  |  Investments

Voi Technology, a Sweden-based eScooter startup, has raised $160 million as European companies vie for superiority in the new market for alternative transportation, the Financial...

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Stripe Capital Extends Business Lending To Online Platforms
Stripe Capital Extends Business Lending To Online Platforms
December 01, 2020  |  Loans

Payments giant Stripe is taking Stripe Capital, its push into online business finance and lending, to the next level. Stripe Capital first got off the...

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