Browsing: PaymentsSource

Key insights: Block plans to lay off about 40% of its workforce, with CEO Jack Dorsey stating bluntly that improvements in artificial intelligence are quickly changing…

Visualization created with AI assistance based on original reporting. Processing ContentKey insight: Stablecoins present opportunities for community banks to explore new forms of capital formation while…

Key insights: Revolut, Tether and Circle made announcements this week designed to boost their stablecoin profiles. What’s at stake: Stablecoins are growing quickly and are attracting investment,…

Key insight: Payoneer has applied for a national trust bank charter to establish PAYO Digital Bank, N.A., allowing it to issue its own stablecoin, PAYO-USD.What’s at…

Key insight: Crypto.com’s parent company Foris DAX received conditional approval from the OCC to operate a national trust bank for cryptocurrency.Expert quote: Pitchbook analyst Rudy Yang…

Key insights: Shares of Klarna plummeted nearly 30% on Thursday following the company’s fourth-quarter earnings report despite posting revenue of more than $1 billion. The sell-off…

Tokenized money market funds, unlike the payment stablecoins that share the same backing, are securities. Noelle Acheson looks at what this means for our understanding of…

Key insights: U.K. banks are considering a locally-based payment network, and Americans are big contributors to spending influxes in Italy for the Olympic games. What’s at stake:…

Key insights: Adyen is powering payments on Uber’s new ride-hailing kiosk at La Guardia airport in New York. What’s at stake: Uber has been relying on Adyen…

Key insights: ACH Network volume is on the rise as checks decline. What’s at stake: The growth could reduce bank deposits and card payments. Forward look: Nacha has…