Are Consumers Paying with Cryptocurrency?
Cryptocurrency has been talked about as the future of money for more than a decade. But talk and everyday behavior are not the same thing. While headlines often focus on price swings and speculation, a quieter question matters more for payments: are consumers actually using crypto to pay for things? Don’t miss another episode of […]
PayPal Seeks Bank Charter to Take Small Business Lending In-House
PayPal has filed an application for a bank charter to expand and strengthen its lending services to small businesses. The application has been submitted to the Utah Department of Financial Institutions and the FDIC to establish PayPal Bank, which would be chartered in Utah. To date, PayPal has extended more than $30 billion in loans […]
Trouble at Home: A Second Flop in Credit Card Rewards
There is nothing wrong with a good failure, provided you protect your investors and learn a lesson. Here’s one for the books: co-brands sounded like a winner in shelter products, but one of the best credit card lenders couldn’t build a successful model with renters, and another fintech that tried to address the homeowners market […]