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Chinese Economy Shifting to Mobile Payments From Cash

A customer pays for vegetables with his mobile phone at a stall in Qingdao, China. Mobile payments are rapidly replacing cash in China. Greetings from Hong Kong. Clay Chandler here, filling in for Adam. Im just back from a few days in Beijing where I marveled anew at how modern China is a becoming a […]

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Facebook Could Fix the News Industry With Micropayments—Unless Kik Does It First

Josh Edelson—AFP/Getty Images It’s a problem that’s long flummoxed media outlets, and also one that’s increasingly frustrating consumers: The inability to pay a small sum, such as 25 cents or $1, to read an article online.

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The Backlash Against Cashless Stores Is Growing

New Jersey legislators last week passed a bill forcing retailers to accept paper money, a move that takes aim at the growing number of restaurants and shops that are going cashless.

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Waiting for Apple’s Blockchain: How iTokens Would Benefit the News Industry and Consumers

It’s the fall of 2020, and the latest version of Apple’s mobile operating system contains a bold new feature: blockchain tokens that consumers can use to purchase news articles.

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Credit Card Chips Fail to Halt Fraud, Survey Says

New chip-enabled credit cards, which were rolled out to U.S. consumers starting in 2015, were supposed to put an end to rampant credit card fraud.So much for that.

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Cryptocurrency Scams Are Now Among the SEC’s Top Enforcement Priorities

An annual report by the Securities and Exchange Commission reveals how digital currency scams, which did not merit a mention two years ago, are among the agency’s top enforcement priorities.The SEC is focused in particular on so-called Initial Coin Offerings (ICOs), which involve the sale of digital tokens related to blockchain projects.

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Ripple Debuts XRP-Based Cryptocurrency Product for International Payments

A cryptocurrency whose regulatory fate remains uncertain is ready for prime time. Ripple on Monday debuted a new financial product based on XRP, the worlds third-most valuable cryptocurrency by market capitalization next to Bitcoin and Ethereum.

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VIDEO: Apple Pay Isn’t Trying to Disrupt the Credit Card Industry

Apple’s Jennifer Bailey explains why Apple’s choosing to work with debit and credit card companies.

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Bank Branches Are Closing at a Record Pace. Here’s Why JPMorgan Chase Is Opening More

Lower-income communities often become “food deserts,” areas where supermarket chains decide they can’t or won’t do business—leaving residents without reliable sources for good groceries.

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Iran Is Planning to Launch Its Own Cryptocurrency in Order to Bust U.S. Sanctions

Iran is moving ahead with a plan to introduce a national cryptocurrency, partly as a way of busting U.S. sanctions.The Iranian government said in April that it had developed an experimental domestic cryptocurrency. With the U.S. having since pulled out of the Iran nuclear deal and restored more sanctions—a ban on buying U.S.

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Oracle Blockchain Opens for Business

Oracles blockchain platform is hitting the market on Monday. The service provides software and server infrastructure for customers to set up and manage networks of distributed ledgers, the tech at the heart of cryptocurrencies.

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PayPal Threatened Legal Action Against a Customer for Dying – A ‘Breach’ of Its Rules

Lindsay Durdle died on May 31, succumbing to cancer. But earlier this month, she received a letter from PayPal, saying her death was a breach of its rules—and the service was considering legal action against her.Durdle reportedly owed PayPal £3,240 ($4,299) when she died.

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