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Facebook’s Libra, Uber Losses, Instant Deposits Top Week’s News

PYMNTS

PayPal officially pulled its support of Facebook’s Libra initiative after being a no-show at the Libra Association meeting in Washington, D.C. Subscription Payments Meet Emerging Markets (GoCardless Global Recurring Payments Tracker). And its investment in MercadoLibre, a Latin American retailer, dropped 10 percent. As of Oct.

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Rinse Clothing Service Raises $14M To Expand To Boston, Chicago And Beyond

PYMNTS

The $14 million of funding Rinse recently secured will not be going into the company’s tech as much as into building out its team as it looks to launch in new markets. Rinse currently serves its home base of San Francisco as well as Los Angeles and Washington, D.C. A mobile app is just a medium for the overall solution.”.

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Why Contextual Commerce Is The Next Big Thing

PYMNTS

Six years and an expanding inventory of cars and price points later, Uber’s platform has a market cap of $70 billion, more than 1 million drivers across 400 cities worldwide who’ve delivered a 1 billion rides – and the first instance of what we now call “invisible” payments in the offline world. And monetize. And the more money they make.

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