Bank of America Overhauls Credit Card Program to Boost Customer Base
Despite recent contention over interest rates and transaction fees, credit cards remain firmly entrenched in the U.S. payments landscape. To capitalize on this ubiquity, Bank of America is undertaking a credit card revamp aimed at driving profits to new heights. A central force behind this overhaul is artificial intelligence. The bank plans to leverage AI […]
Rand vs. Dollar: South Africa’s Bet on a New Stablecoin
South Africa has entered the digital currency arena with the launch of a new stablecoin, ZAR Universal (ZARU), pegged to the rand rather than the U.S. dollar, which dominates the global stablecoin market. The initiative aims to make the rand “internet-native,” but history suggests its appeal beyond South Africa may be limited. ZARU is a […]
Stablecoins and the Future of B2B Payments: Faster, Cheaper, Better
Paying a supplier is a fundamental function for businesses, yet it’s often encumbered by a complex billing cycle. When the supplier is in a different jurisdiction, this complexity skyrockets, forcing organizations to navigate foreign exchange rates, bank intermediaries, local regulations, and opaque fees—all with limited visibility into where a payment is and when it will […]