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The Buyers: Omnichannel Customer’s Impact On Retailers

PYMNTS

No longer are retailers working with marketers to figure out a way to mass market products and services. With the advent of connected devices in the palm of almost every consumer’s hand, the retail ecosystem has certainly seen a shift. Through this omnichannel experience, retailers have more ways to connect with consumers.

Retail 137
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EU Bankers Weigh Risks, Rewards of CBDC – and Cash’s Staying Power

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In Berlin, where last week saw a two-day meeting of financial officials from Europe, central bankers discussed digital payments and the confines of digital, national currencies. The ECB commentary, we contend, solidifies at least some regional approaches to CBDCs, but retail use cases may be gaining favor.

Boston 227
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The Lures – And Challenges – Of Central Bank Digital Currencies

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And we’re not talking about the myriad of cryptos that have popped up hither and yon, offered by private companies across what is still a Wild West for issuance (with no real set of security principles, yet) and scattered use cases. Beyond that, national efforts are piecemeal. Fed, the Swiss National Bank and others.

National 175
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Entrepreneurial Upscale Chefs Are Plating Recovery Plans

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Quick-service restaurants (QSRs), fast casual eateries and fast-food drive-thrus keep dominating headlines throughout the pandemic as a nation is understandably obsessed with staying fed on lockdown and after, when breathing the open air still feels oddly risky. As reported by Eater San Francisco, “the restaurant announced Wednesday (Sept.

Boston 205
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Retail Bedfellows Roundup: Staples Shares Space, Affirm Finances Life Experiences

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Omnicommerce usually refers to where and how retailers sell their products, not necessarily who they choose to sell them with. From office supplies and communal workspaces to new ways to pay for concert tickets, more barriers to siloed retail activity are falling every day to the onslaught of retail partnerships.

Retail 100
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Australia Central Bank Sees No ‘Public Policy’ Case For CBDC (For Now)

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But: The bank is keeping an eye on the experiences and progress of other nations, and still is researching its own technological and “policy implications” of wholesale forms of CBDC. Separately, of course, the People’s Bank of China (PBOC) has said that a test of a CBDC rests with small retail transactions — not large-volume transactions.

Policies 181
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Crypto 2020: One Step Up; Two Steps Back

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Building The (Retail) Use Cases. The Federal Reserve said this year that its Boston bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency. As reported, the company also said bought $50 million of bitcoin to hold on its balance sheet.