Remove 11 data-new-currency
article thumbnail

Bitcoin Daily: China Regulator Eyes Digital Currency Veteran As Chief; Crypto Firm Founder Charged With ICO Fraud

PYMNTS

The China Securities Regulatory Commission , China’s security watchdog, is setting up a technology regulation bureau and will announce Yao Qian as its new department chief, the Chinese business publication Caijing said on Wednesday (Dec. 11), as reported by Coindesk.

Bitcoin 131
article thumbnail

Carrying Cash Could Become A Casualty Of COVID

PYMNTS

According to Federal Reserve Data , consumers opt for cash a little less than half the time (43 percent) when making a purchase of $10 or less. currency is made out of a weave of cotton and linen that has turned out to be an exceptionally good surface for growing all kinds of bacteria. And mostly for low dollar purchases.

Study 304
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Bitcoin, Altcoin Continue Downward Slide As Investors Bet Against Them

PYMNTS

11), reaching a new low, according to a report by MarketWatch. If the ubiquitous digital currency continues its slide to below $3,220, that would be its lowest level since Sept. 17, 2017, when it dropped below $3,000. 17, 2017, when it dropped below $3,000. Retail trader data shows 70.1

Bitcoin 167
article thumbnail

The Data Behind B2B Payments’ API Excitement

PYMNTS

that have encouraged data sharing between banks and FinTechs to regulations in the U.K. That rings especially true in the areas of B2B payments and cross-border payments, which are complex, require the movement of data along with funds, and often involve multiple parties that have to all be on the same page about a transaction.

Data 193
article thumbnail

Most Bitcoin Owners Hold Less Than $100 Worth

PYMNTS

An analysis of bitcoin addresses shows that the majority of bitcoin (BTC) owners own only one-tenth of the digital currency, according to a report. In other bitcoin news, the currency’s value continued its downward slide and reached a new low on Dec. 17, 2017, when it dropped below $3,000.

Bitcoin 175
article thumbnail

Swedish Krona Continues To Fall Amid Other Currency Upheavals

PYMNTS

The currency decline continues: The Swedish krona fell Wednesday (Aug. The decline comes amid political uncertainty in that Nordic country, the prospect of a widening trade war that could hurt it and increasing attention to the benefits of currency hedging among commerce and payments businesses. trillion as of December 2017.

Regional 115
article thumbnail

The Xoom-Ria Deal Shows Cash Still Rules Remittances

PYMNTS

PayPal -owned money transfer operator Xoom said this week that its new agreement with Euronet Worldwide’s Ria will enable Xoom customers to pick up cash remittances from more than 150,000 Ria network locations. Officially recorded” remittances to low- and middle-income countries reached $466 billion in 2017, up 8.5