fortune

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.

Read More

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.

Read More

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.

Read More

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.

Read More

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.

Read More

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.

Read More

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.

Read More

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.

Read More

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.

Read More

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.

Read More

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.

Read More

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.

Read More