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Crypto 2020: One Step Up; Two Steps Back

PYMNTS

It all depends on how you look at it — and where you look, of course. Bitcoin, of course, exists as one of the most widely recognized cryptocurrencies. And, of course, the crypto landscape extends well beyond bitcoin. Of course, it’ll take some time to get there if we do. It’s not about going to production.”.

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Saving Main Street From Its Downward Pandemic Spiral

PYMNTS

More consumers mean more sales – and more sales means growth, expansion, jobs and prosperity for the business, its workforce and the local economy in which it operates. The owner of an upscale hair salon in Boston is an example of a business living this reality. Social proof can also work in reverse. Saving Main Street.

Maine 199
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Central Banks See Digital Fiat As Complement To Cash, Not Replacement

PYMNTS

As many as 40 percent of individuals are shopping online more often, which of course means they are shopping in stores less often. Additionally, of the more than 2,100 consumers surveyed, 57 percent of consumers said that the availability of digital payment options would impact their choices of where to shop.

Boston 233
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Australia Central Bank Sees No ‘Public Policy’ Case For CBDC (For Now)

PYMNTS

Earlier this year, as noted by PYMNTS , the bank said it “established a small in-house Innovation Lab as a way to strengthen engagement with, and understanding of, new and emerging technologies that are relevant to its policy and operational responsibilities.”

Policies 181
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The Main Street Rescue That Wasn’t (And Still Isn’t)

PYMNTS

In terms of numbers: the program debuted in March but became fully operational only as late as July, and to date, into August, has extended only $200 million — out of $600 billion authorized. The question is what happens if loans go sour — which means, of course, that banks get dinged if they do.

Maine 218
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Opportunity Knocks With Door-To-Door Resurgence

PYMNTS

“The IRS is committed to fairness in the tax system, and we want to remind people across all income categories that they need to file their taxes,” said Paul Mamo, director of collection operations for the agency’s small business and self-employed division. The iconic door-to-door brand is of course Avon. It’s a niche market, but $28.7

Taxes 141
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FedNow’s Montgomery: Gearing Up For 2023-24 — And Instant Payments Competition

PYMNTS

In an interview with Karen Webster, Boston Federal Reserve Chief Operating Officer and FedNow Program Executive Ken Montgomery said the central bank’s ambitious payments initiative remains on track — and will inject competition into the instant payments market.

Payments 244