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Blockchain’s Inroads Through National Frameworks And Trade Finance

PYMNTS

Blockchain is increasingly being separated from cryptocurrency, with an eye toward disparate use cases — some done at the national level. The newswire said that Berlin exists as a “hub” for the industry, where roughly 10 startups focus on blockchain, and end markets span energy, pharma and transportation.

National 161
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Fed Sees Possible Path To ‘Direct Issuance’ Of Digital Dollars

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Cleveland Federal Reserve President Loretta Mester said in a speech this week that a digital dollar could conceivably be a form of money transfer that would enable the Fed to disburse money to all individuals in America. Notably, China’s central bank is already developing and testing a national digital currency in the Asian nation.

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Fed Slashes Interest Rates To Near Zero

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As a way to maintain normalcy within the financial markets, the Fed made a deal with the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank and the Swiss National Bank to drop their rates on currency swaps, CNBC reported. The new rate will now be targeted at 0.0 percent to 0.25 percent. “The percent.

Cleveland 143
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Coronavirus Prompts Federal Reserve To Slash Rate To Zero

PYMNTS

As a way to maintain normalcy within the financial markets, the Fed made a deal with the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank and the Swiss National Bank to drop their rates on currency swaps, CNBC reported. The new rate will now be targeted at 0.0 percent to 0.25 percent. “The percent.

Cleveland 140
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Google Pay Adds 29 US Banks To Mobile Payment Service

PYMNTS

First National Bank of Milaca. Greater Cleveland Community Credit Union. Lamar National Bank. This year has been a busy one for Google Pay, as it tries to gain prominence in a crowded market with competitors like Apple Pay , Samsung Pay and even Walmart Pay. First Bank of Boaz. First Central Credit Union. McClain Bank.

Google 130
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Payroll Fraud Could Cost KeyCorp $90M

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In a K-8 filing, KeyCorp, which is based in Cleveland, said the fraud involved a “business customer” and that it was discovered “on or about” July 9. percent and the company lost about $178 million from its market cap, dragging it to $17.56 Shares fell on the news. The event occurred in the beginning of Q3. Shares in KeyCorp fell 1.8

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How Boutique Trucks Are Bringing New Meaning To Fast Fashion 

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Food trucks have been around since the 1970s, when taco trucks began making the rounds in New York City, but didn’t become a national sensation until 2008 when two events coincided in such a way as to make a long extant — but largely niche — subsegment of the restaurant game into a mass market phenomenon. It’s the social aspect.