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Bitcoin Daily: H&M Pilots Blockchain Tech, Australian Tax Scammers Turn To Bitcoin

PYMNTS

While the brand did not tell the outlet where it was using the implementation, it did say that was using the solution to securely track product data. A spokesperson told TNW , “Arket has done a small Proof of Concept (POC) through a pilot testing with VeChain to use blockchain technology to secure product data traceability in the value chain.”

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How Federal Debt May Impact Banking

South State Correspondent

However, because bank capital has an average expected life of 15 to 20 years, bank managers must gauge and react to secular changes that will impact their business model. Furthermore, high federal government debt does not just lead to higher interest rates but also poses economic, national security, and social challenges.

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Bitcoin Daily: China Construction Bank Grows Blockchain Platform; IRS Tax Forms Now Ask About Crypto

PYMNTS

In other news, the Marco Polo Network has announced that it has secured its first Russian-German import-export operations financing project. We launched our first distributed ledger technology in trade finance as early as 2017. The Internal Revenue Service (IRS) now has a question on crypto ownership on its 1040 income tax form.

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Bitcoin And The Bitter Tax Bite

PYMNTS

And lest you think changes in tax policy sow confusion only in the United States, think again. Bitcoin breeched a key psychological barrier on news that the South Korean government would tax income earned by virtual currency exchanges to the tune of 24.2 This past week saw a wild ride. billion raised. For someone in the U.S.,

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Sprint And T-Mobile Merger, Spend Management And State Tax Top This Week’s News

PYMNTS

We have a deep dive into spend management in addition to news involving the Sprint and T-Mobile merger, as well as data on state tax laws. . Uber was ordered to stop securing business in Colombia via its popular ride-hailing app. A ‘Diaper’ By Any Other Tax Code: The Complexities Of Selling Across State Tax Laws.

Taxes 101
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Banking-as-a-Service Tops This Week's B2B VC Roundup

PYMNTS

Singapore-based Osome announced $3 million in new funding this week as an extension of its seed round, with XA Network and AltaIR Capital providing the latest investment, TechCrunch reported. Osome connects small and medium-sized businesses to a digital business assistant app to automate accounting, payroll and tax compliance workflows.

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Today In Payments Around The World: PayPal's Xoom Lowers Cost Of Sending Funds To Africa; Volante Accelerates Convergence For Exchange

PYMNTS

the ability to send secure funds to 12 countries in Africa for a reduced fee, while Volante Technologies Inc. Plus, HM Treasury is seeking input on the challenges that the sharing economy brings for value-added tax (VAT). and Europe the ability to send secure funds to 12 nations in Africa for a reduced charge.

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