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Bitcoin Daily: Ping An’s FinTech Arm Teams Up To Launch Blockchain Solution; CFTC Calls For Default Ruling For Alleged Ponzi Scheme Founder

PYMNTS

OneConnect Financial Technology and China Merchants Port Group ( CMPort ) will work to create a blockchain-based system with Shenzhen customs to serve the Guangdong-Hong Kong-Macao Greater Bay Area. The firm claimed it would return customer funds, but allegedly was in the process of liquidating the bitcoin for around $147 million.

Bitcoin 144
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How Treasurers Can Prepare For A Real-Time Payments Ecosystem

PYMNTS

One financial technology firm currently navigating the process of securing a bank charter is Avanti Financial Group , and as it approaches market launch, Founder and CEO Caitlin Long said the firm is focusing on another area of financial services that has struggled to manage complex regulatory challenges: digital assets. .”

Payments 294
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NEW REPORT: How Banks Are Driving API-First Strategies

PYMNTS

New payment and financial technologies are quickly emerging from the FinTech community, all with the promise of expediting payments and reducing the distance between cross-border trading partners. The fear of non-payment, in particular, tends to be the smaller merchants’ worst nightmare.

Strategy 190
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Taiwan’s Central Bank Might Implement Blockchain

PYMNTS

Taiwan’s central bank is looking into implementing blockchain technology in order to improve its operations. That same month, then-Governor of Taiwan’s Central Bank, Perng Fai-nan, said bitcoin should be added to the notification system in the country in order to prevent money laundering.

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What Customer Intimacy Has To Do With Payments

PYMNTS

What have the powerhouses Starbucks and Airbnb managed to do better than anyone else? A year ago, bitcoin was hot, companies rushed to add bitcoin to their checkout form. .’s Establish customer intimacy, according to Bill Clerico, CEO of WePay. ’s vision, strategy, and growth. Previously, he worked for the U.S.

Payments 100
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Investment Tracker: FLYR’s Data Science Shakes Up Travel Industry

PYMNTS

Close on the heels of that $32 million garnered by Raisin, $30 million came Bitfury’s way, as the bitcoin miner looks to expand its presence in China. FLYR is a data science company that sits at the intersection of travel and financial technology, said Project Manager Andrew Jing.

Industry 100
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Analyzing The Private Market Investment Strategies of P&C Insurers

CB Insights

These include wireless home monitoring startup Notion (XL Innovate, Liberty Mutual Strategic Ventures), on-demand homeshare insurance startup Slice Labs (XL Innovate, Munich Re/HSB Ventures), virtual auto claims operations firm Snapsheet (USAA, Liberty Mutual), and contract-related insurance startup Bunker (American Family Ventures, Hiscox).