Rakuten Explores U.S. IPO for Its Growing Credit Card Business
Months after launching its first U.S. credit card, Rakuten is now considering an initial public offering for its credit card business. Best known for its online shopping platform, Rakuten operates one of the largest credit card programs in Japan, with more than 30 million cards issued. It entered the U.S. market with the Rakuten American […]
Square’s Platform Sees First Bitcoin Payment at Coffee Shop
A Compass Coffee location in Washington, D.C. became the first store to accept a bitcoin payment using Square’s new point-of-sale system. Square Bitcoin enables merchants to accept bitcoin payments with zero processing fees and also allows them to convert traditional card sales into bitcoin within the included wallet. Compass Coffee tested Square’s platform and successfully […]
How Layer 1 Networks Could Transform Stablecoin Transactions
The new Layer 1 networks being rolled out by organizations like Stripe and Circle are the first blockchain networks that settle natively on stablecoins rather than cryptocurrencies like bitcoin or ether. They remove the need for entities to hold a volatile token to pay for blockchain transfers, and this could have a huge impact on […]