U.S. Patent Application 20180060860 filed on August 30, 2016, is for an “Expedited Virtual Currency Transaction System,” Captain Altcoin reported. The system is supposed to speed up cryptocurrency transactions and ensure security with “private keys.”Read more
It is not clear what countries Apple Pay Cash will go to next, but the United Kingdom is a likely possibility – because it is right next door to Ireland.
Members of the European Union such as France, Italy, and Germany, are also a strong possibility because Ireland and Spain are both members of the Eurozone.
The volume of Venmo payments increased by 86% during 2017, rising from $6.8 billion in 1st Quarter to $10.4 billion in 4th Quarter, Statisa reported. If those figures are accurate, Venmo’s payment volume increased by $3.6 billion during 2017.
These figures indicate that PayPal might be the most successful payment solution in the world. It might also be creating a Fintech network that will one day rival those of Visa (NYSE: VA) and MasterCard (NYSE: MA).
This should greatly increase Venmo use by eliminating two of the greatest drawbacks to the app. Those drawbacks were the inability to use it at most brick and mortar businesses, and the difficulty converting Venmo funds into paper cash.
Payments will be the big tech battle of 2018. Expect competition in this sector to heat up as PayPal starts raking in more cash.Read more
The brain drain is a serious problem for Amex because it deprives the company of needed industry knowledge and experience. Yet it is also an opportunity because American Express has a chance to promote younger and more creative executives more open to new opportunities.Read more
Beyond enabling Chinese business the Oxford deal gives Ant; and Tencent, a beachhead to enter the Canadian market. Once ensconced at the centers the two companies will start marketing their payment options to Canadians.Read more
Income inequality should be a blessing for companies like Rent-A-Center because it should provide them with more customers. Unfortunately, that does not seem to be the case because Rent-A-Center’s revenues are in free-fall.Read more
PayPal Holdings (NASDAQ: PYPL) just took a very strange yet logical detour on the road to a digital-cash society. Its’Read more
Trump’s first trade deal; the U.S.-China Comprehensive Economic Dialogue, might increase the American trade deficit with the People’s Republic, Forbes contributor Gordon G. Chang wrote. That might occur because the deal would allow Chinese companies to sell cooked poultry and financial services in the United States.Read more
Last week I noted that The Western Union (NYSE: WU) is enjoying some rare market growth with the help ofRead more