SoFi Continues to Meld Crypto with Traditional Banking
SoFi is positioning itself as a bridge between traditional banking and cryptocurrency with the launch of a business banking platform designed to let customers manage cash and digital assets within a single system. The new service, SoFi Big Business Banking, allows firms to hold U.S. dollars in an online SoFi account and convert them into […]
Credit Cards in Russia: Comrade, Watch Your Rubles
We follow the Russian credit card market, particularly after G-7 sanctions were imposed in 2022. Russia’s reactions were notable and effective. Once Mastercard and Visa moved away from the market, Russia dusted off its Mir credit card and shifted to its alternative process. Russia’s domestic payment system worked, but mostly within the country. It had little acceptance outside […]
How the U.S. Built Its Faster Payments Ecosystem
Ten years ago, the Federal Reserve sketched out a future for U.S. payments—one where money could move in real time, not days. What began as a roadmap has since reshaped the payments landscape, bringing that vision closer to reality. The Federal Reserve’s “Strategies for Improving the U.S. Payment System,” helped set the industry on a […]