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Wells Fargo Has No Plans to Ban Cryptocurrency Purchases on Its Cards

Bank Innovation

EXCLUSIVE – Wells Fargo will not be joining some of the other big banks in banning its customers from purchasing cryptocurrency with their credit/debit cards, Bank Innovation has learned.

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B2B Payments Drive Instant Payments, Crypto Innovation

PYMNTS

New payment rails are once again in the spotlight as real-time payments and cryptocurrency emerge as the top focuses for innovators. In this week’s look at payment rails innovation, the European Union begins paving the way for greater crypto adoption, while Mastercard expands its own crypto accelerator initiative.

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Barclaycard Could be Next to Ban Cryptocurrency Purchase

Bank Innovation

or Barclaycard is looking to join Bank of America, Citi and Chase in banning cryptocurrency purchases on its Barclaycard, Bank Innovation has learned. “We We are making the decision that we will likely no allow cryptocurrency purchases on the card,” Paul Wilmore, CMO at Barclays told Bank Innovation.

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Cryptocurrency risks, rewards and red flags for financial institutions

Abrigo

Cryptocurrency regulation is on the horizon The ups and downs of the cryptocurrency scene have illuminated a need for guidance for traditional financial institutions. You might also like this whitepaper, "Understanding Cryptocurrency." Historical benefits of cryptocurrency. Cryptocurrency's appeal to consumers.

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Payment Rail Innovators Dive Into Real-Time

PYMNTS

This week's look at payment rail innovation is all about speed, both for legacy rails and new ones. Combining these elements, we are creating a broad platform with faster technology and smarter and better services that the industry can trust as a foundation for innovation towards their own end-clients," he added.

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i2c President Says Blockchain Will Unlock Cryptocurrency

PYMNTS

PayPal is opening its network to allow consumers to shop using cryptocurrency. It is the rule of thumb, when it comes to secular change, that very few innovations come along to rapidly change the state of payments themselves. We leverage that information before you get onboarded to get a card. Back in May, i2c Inc.

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Beyond Bitcoin: Mainstream Acceptance Sparks Push For Everyday Cryptocurrency

PYMNTS

But step beyond bitcoin and enter the world of cryptocurrencies approaching mainstream acceptance. In terms of the mechanics of the partnership, Johnson explained, Ternio allows other innovative companies access to Visa’s rails, with the ultimate goal of taking the "integrating it into the blockchain world.”.