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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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The Latest Must-Have for Millennials? Fancy Debit Cards

The humble debit card is eclipsing other pieces of plastic as a status symbol in the wallets of younger consumers. To meet these changing tastes in personal finance, companies are enlisting world-famous designers to give the cards a new cachet—and millennials.

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Y Combinator’s Favorite Credit Card Just Raised $50 Million from PayPal Founders

Brex, a fintech startup backed by PayPal cofounders Peter Thiel and Max Levchin, has raised 50 million in new venture capital, the company announced Tuesday.

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Wells Fargo Bans Bitcoin, Crypto Purchases on Credit Cards

Yet another banking giant, worried about the assets volatility, is banning cryptocurrency purchases using its credit card. America’s third largest bank by assets, Wells Fargo, said Monday that customers will no longer be able to purchase Bitcoin and its ilk using credit cards issued by the firm.

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PayPal’s Latest Acquisition Shows Why Everyone Wants a Piece of the Payments Pie

PayPal is buying a Swedish startup that offers Square-like payments services in Europe for a whopping $2.2 billion. It’s a lot of money because the company, iZettle, processes a tiny fraction of Square’s volume, which is a tiny fraction of PayPal’s.

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JP Morgan Files Patent for Blockchain-Powered Payments

J.P. Morgan Chase has applied for a patent to facilitate payments between banks using the blockchain. The patent was originally submitted in October, but the application was made public by the U.S. Patent and Trademark Office on Thursday.

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How Blockchain Could Put an End to Identity Theft

We lack control of our personal identities, and thats a problem. Birthdates and home addresses have long been accessible through a quick Google search, but now a trip to the dark web will turn up the information many of us still hold precious: Social Security numbers, bank accounts, health insurance details, and whatever else a […]

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