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Today In Payments: Facebook Calls Out Apple; DC AG Sues Instacart

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Plus, Klarna reported mixed results for the first half of 2020. DC AG Sues Instacart Over Fees Customers Thought Were Tips. 27) that Instacart made substantial sums in the city by tricking customers into thinking voluntary payments they added to food delivery bills were tips for drivers. Facebook Inc. to buy TikTok’s U.S.

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DC AG Is Suing DoorDash Over Tipping

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Attorney General Karl Racine is suing popular delivery company DoorDash, saying the company didn’t adequately distribute tips nor did it retroactively pay back those tips when its practices were changed, according to a report by TechCrunch. . The investigation into the tipping practices of DoorDash was started in March of this year.

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JD.com Joins China’s Central Bank To Advance Digital Currency

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CoinTelegraph.com reported the retailer has entered into a partnership with the Digital Currency Research Institute of the People’s Bank of China (PBoC). The news outlet’s story was based, it said, on a local media report Monday (Sept. As China prepares to debut digital currency, JD.com Inc.,

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DoorDash IPO Soars; Commission Caps Make Early News

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That translates into an intraday price of $182, up from the $102 where shares had initially priced , above a range that had been reported to be between $90 and $95. In one market — Chicago — that has seen caps put in place, DoorDash has added a $1.50 “Chicago fee,” as reported by the Chicago Sun Times.

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PBOC Patents Show China’s Push For Digital Money

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The Peoples’ Bank of China has filed over 80 patents in its attempts to start its own digital currency, an extensive and elaborate plan to take the renmibi to the digital stage, according to published reports Wednesday (Feb.12). officials’ take on digital currency. And the project isn’t a new one.

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Stitch Fix, Apparel Subscriptions Adapt To Work-From-Home World

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Read More On Subscriptions: DoorDash Ordered To Cut DashPass Commissions By DC Attorney General Today In Payments: Stripe To Offer Banking As A Service To Merchants; Affirm Expands Canadian Presence With PayBright Buy sticky.io

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Bitcoin Daily: German Crypto Firm Shuttered After Pyramid Scheme Accusations; People’s Bank Of China Denies Bogus Announcement Of Stablecoin Launch

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In other news, the People’s Bank of China (PBoC) has denied a report that the country’s stablecoin is set to launch. Earlier this week, South Africa’s Financial Sector Conduct Authority (FSCA) issued a warning for the public not to do business with the company. An investigation has also been launched into the company.

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