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Digital Payments

All articles tagged with #digital payments

world28 days ago

Marshall Islands Launches World’s First On-Chain Cryptocurrency UBI Program

The Marshall Islands has launched the world's first national universal basic income scheme offering payments via cryptocurrency and traditional methods, aiming to support citizens amid rising costs. The program, funded by a US-backed trust, provides quarterly payments of about $200, with most recipients choosing bank deposits or checks, and a small number opting for digital wallets. While innovative, the scheme faces challenges related to internet connectivity and governance, and its long-term success remains uncertain.

via The Guardian|
#blockchain#cryptocurrency#digital-payments
business4 months ago

PayPal Launches Innovative P2P Payments with Crypto Support and Shareable Links

PayPal has introduced PayPal links, a new feature allowing users to send and receive money via personalized, one-time links that can be shared across conversations, with plans to expand internationally and integrate crypto payments directly into the P2P flow, enhancing the ease and security of digital transactions globally.

via PayPal Newsroom|
#business#cryptocurrency-integration#digital-payments
world4 months ago

Social Security Changes Coming on Sept. 30 Under Trump

President Donald Trump signed an executive order to phase out paper Social Security checks by September 30, promoting digital payments to reduce costs, increase safety, and speed up benefit delivery. This change affects less than 1% of beneficiaries but marks a significant shift in the program's administration, alongside other reforms like workforce downsizing and stricter identification procedures.

via yahoo.com|
#benefit-changes#digital-payments#government-efficiency
business5 months ago

PayPal Stock Declines Despite Strong Earnings and Raised Profit Targets

PayPal's stock fell nearly 10% despite beating earnings estimates, due to concerns over slowing consumer demand and weaker retail spending tied to tariffs. However, the company raised its full-year outlook, driven by strong margins, growth in Venmo, and expansion into global and in-person payments, positioning itself for long-term growth despite short-term challenges.

via Yahoo Finance|
#business#digital-payments#market-outlook
business5 months ago

PayPal Expands Crypto Payment Options for U.S. Merchants

PayPal has introduced a new feature allowing U.S. businesses to accept over 100 cryptocurrencies as payment, including Bitcoin, Ethereum, and novelty tokens, with a promotional fee of 0.99% for the first year. The process involves connecting crypto wallets, selling crypto on exchanges, and converting proceeds into PayPal's stablecoin before settling in USD. This move continues PayPal's push into digital assets, expanding its crypto capabilities for merchants and consumers alike.

via Fortune|
#business#cryptocurrency#digital-payments
business7 months ago

Apple Plans AI-Enhanced Siri Launch for Spring 2026

Stablecoins are gaining momentum as a potential infrastructure for commerce, with companies like Walmart, Amazon, and Shopify exploring their use. They could streamline payments by serving as a settlement layer, but challenges around liability, dispute resolution, and regulation remain. In some markets, stablecoins are already serving as primary payment methods, raising questions about the future of traditional banking and card networks. A hybrid future where stablecoins coexist with fiat systems seems likely.

via PYMNTS.com|
#business#commerce#digital-payments
economy7 months ago

Summer Heat May Boost American Electric Bills by 4%

Americans can expect a 3.7% increase in average summer electricity bills due to hotter weather and rising natural gas prices, with the highest increases in New England. Meanwhile, consumer spending is tightening amid trade policy uncertainties, potentially shrinking the economy by up to $92 billion annually. Additionally, mobile wallets are rapidly expanding globally, driven by local preferences and trusted substitutes, with significant adoption across all generations.

via PYMNTS.com|
#consumer-spending#digital-payments#economy
economy7 months ago

End of the Penny: What It Means and What to Do

The US is ending penny production due to high costs and declining demand, marking the end of a coin that has been part of American history since the 1790s. Despite its diminishing practical use, the penny remains a cultural symbol of thrift and has played a significant role in pricing, charity, and collecting. The transition to rounding cash transactions to the nearest nickel aims to save money and streamline commerce, while digital payments continue unaffected.

via PYMNTS.com|
#coin-history#cost-savings#digital-payments