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Initial coin offerings, or ICOs, are a recent craze in the cryptocurrency world. Despite being just a couple of years old, ICOs have managed to attract a lot of attention. It seems that in the past few months everyone has an opinion about them, both good and bad. Some praise them for enabling startups to [...]
The post ICO Infograph: Revolutionary way to get funded or scam? appeared first on Payments Cards & Mobile.
In yet another blow to the burgeoning cryptocurrency market, it has been reported that Zaif, a Japanese digital currency exchange, has had $60 million stolen. Tech Bureau, the operator of Zaif exchange, said it was hacked on September 14. Thieves made off with assets worth ¥6.7 billion ($60 million), of which ¥4.5 billion was customer money. The attack [...]
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China UnionPay, which in 2015 became the world’s biggest payment card issuer, has announced plans to launch UnionPay branded cards in the UK, a first step in a larger European expansion aimed squarely at challenging its Visa and Mastercard in their key markets. The move comes as UnionPay faces intense competition in its home market [...]
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Visa and Mastercard along with a group of their top US acquirer banks have proposed a $6.2 billion settlement of the long-running antitrust lawsuit over the interchange fees they charge merchants. The $6.2 billion settlement requires court approval but, even if it is cleared, a related dispute over what rules the card networks can impose [...]
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China’s e-commerce market will hit $1 trillion this year, a year ahead of predictions, according to Forrester. The report reveals the growth in mobile shopping and consumer spending in categories like fashion and grocery would see China’s retail sales reach $1.1 trillion in 2018. Chinese online shoppers will continue to grow by 4.6% annually to [...]
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