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☆ Bitcoin is undergoing a tech expansion that one expert says will drive 5-fold growth in just 2 years
▼ + stars: | 2024-06-01 | by ( Filip De Mott | ) www.businessinsider.com time to read: +5 min

Bitcoin's blockchain is slowly becoming more than just a buy-and-hold platform. Ethereum underwent a similar trend, leading to its massive rally in 2021, Bitget CEO Gracy Chen told Business Insider. Advertisement"The Ordinals protocol enabled the growth of memecoins on the bitcoin blockchain, leading to a surge in liquidity within the BTC ecosystem in record time. That's based on the Total Value Locked, or the amount of assets staked on the bitcoin protocol. However, even a twofold weaker surge could still result in a fivefold increase in the leading cryptocurrency's value," Chen wrote in a note.

Persons: Gracy Chen, —, Chen, That's, ethereum, Mining Brian Wright, there's Organizations: Ethereum, Service, BTC, ETH, cryptominers, Mining, Galaxy Locations: memecoins, bitcoin

There are two ways to wire money: through a bank or through a wire service. How wire transfers workThe process of initiating a wire transferWire transfers typically come in two forms: a transfer between banks or through a money service, like Western Union. In general, a bank account wire transfer tends to cost less than using a service like Western Union. A wire transfer is a secure, electronic transfer of funds from one bank account to another. It's always good practice to review the recipient's information before initiating a wire transfer, and only send money to people you trust because it's difficult to reverse or cancel a transfer.

Persons: Cheryl Lock Cheryl Lock, Read Organizations: Western, Union, ABA, U.S, Network, USA, Forbes, MarketWatch, Twitter, LinkedIn Locations: Western Union, Union, U.S, Denver

☆ I left apps like Uber Eats to start my own delivery business. I love connecting with people and not having to rush around
▼ + stars: | 2024-03-02 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

But in January, he started "Tony Delivers" and brings people their food using his own system. Working as "Tony Delivers" has allowed him to interact with more people than on gig apps, he said. Customers order their food from a restaurant for takeout, then text Tony their order for delivery. I was talking with one of my buddies about working for the delivery apps, and he was like "What if you just cut out the middleman?" Often, gig delivery work has no growth.

Persons: Tony Illes, Tony, —, Illes, didn't, I'm, I've, It's, we'll Organizations: Service, Google Locations: Seattle

☆ The Great Zelle Pool Scam
▼ + stars: | 2023-10-01 | by ( Devin Friedman | ) www.businessinsider.com time to read: +38 min

When I asked Chase to discuss Zelle fraud, I received an email saying, "Unfortunately, we don't have anyone available for an interview." The way the email messages from Gary were subliterate in a completely different way from the way a classic Gary email is subliterate. When Gary Kruglitz told us to Zelle him, he didn't really tell us to Zelle him. Out of all the kinds of money, money to build a pool is probably the very best kind of money for the world to suffer the loss of. It's possible that the government will eventually be moved to safeguard consumers against Zelle fraud.

Persons: Madison Ketcham, Gary Kruglitz, Gary, couldn't, he'll, Gary —, —, Cheryl, Sheryl, Sheryl —, we'd, Jeff Allen's, didn't, Jeff, Krystal, we'll, He'd, you've, Karen, I'm, she'd, Yellllow, Zelle, Chase, Sen, Elizabeth Warren, there's, That's, It's, Jesus, who'd, Donald Trump, Gary Kruglitzes, Cheryls —, Yasmine48, Nixon, Evan Kohlmann, cybercrime, we've, I've, Kohlmann, Guess, Let's, that's, Elizabeth Warren's, it's, they're, Warren's, Warren, I'd, they'd, blinked Organizations: Boston Pops, The New York Times, New York Times, Chase, Bank of America, PNC, US Bank, PayPal, Disney, NBC, Warner Bros, Netflix, JPMorgan Chase, Bank —, of, Professionals, Justice Department, Northeast . Contractors, Cloudburst Technologies, Facebook, FBI, Mafia, Massachusetts State Police, Monterey Police Department, Police Locations: Massachusetts, Lyme, Tennessee, Wells Fargo, Truist, Silicon Valley, Amsterdam, Northeast, what's, Paxful, Estonia, Korea, Monterey , Massachusetts, Monterey

☆ Zelle Fraud: I Got Scammed Out of $31,000 and My Bank Didn't Care
▼ + stars: | 2023-10-01 | by ( Devin Friedman | ) www.businessinsider.com time to read: +38 min

Because a lot of bank branches were still closed, and the crew wanted their money, he requested that we transfer the money via Zelle. When I asked Chase to discuss Zelle fraud, I received an email saying, "Unfortunately, we don't have anyone available for an interview." The way the email messages from Gary were subliterate in a completely different way from the way a classic Gary email is subliterate. When Gary Kruglitz told us to Zelle him, he didn't really tell us to Zelle him. It's possible that the government will eventually be moved to safeguard consumers against Zelle fraud.

☆ Senate Democrats pressure PayPal, Venmo, Cash App over fraud protections
▼ + stars: | 2023-06-15 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

WASHINGTON — Senate Democrats on Thursday urged PayPal and Cash App to better protect users of their peer-to-peer payment applications from fraud. The letters were sent to PayPal president and CEO Dan Shulman and Cash App CEO Brian Grassadonia. PayPal, Venmo and Cash App did not immediately respond to a request for comment from CNBC. Cash App transactions also brought in over $203 billion in inflows among 51 million monthly users as of December 2022, according to a Block annual report. The letter is part of an ongoing inquiry into P2P platform consumer safety spearheaded by Warren over the past several years.

Persons: Sen, Sherrod Brown of, Massachusetts Sen, Elizabeth Warren, Rhode Island Sen, Jack Reed, Jack Reed and New Jersey Sen, Bob Menendez, Dan Shulman, Cash, Brian Grassadonia, PayPal's, Warren, Menendez, Reed Organizations: PayPal, Massachusetts, Block, CNBC, Pew Research Center Locations: WASHINGTON, Sherrod Brown of Ohio, Rhode Island, Jack Reed and New Jersey

☆ What parents need to know about P2P payment apps as Venmo adds teen account
▼ + stars: | 2023-05-23 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +3 min

Maskot | Maskot | Getty ImagesApps are 'convenient,' but woes can be 'difficult to fix'Peer-to-peer payment apps, also known as P2P apps, are widely in use throughout the U.S. Teresa Murray, a consumer watchdog at the U.S. Public Interest Research Group, urges caution when using P2P apps. "There are real consequences if something goes wrong," she said. watch now"People use these P2P apps because they're convenient and they're easy," Murray said. Talk to your teens about moneyAs your teen learns about budgeting and payment apps, experts urge parents, it's important to discuss these topics with them at home.

Persons: Teresa Murray, PIRG, Murray, LendingTree, scammers, Desiree Kaul Organizations: Maskot, Getty, Consumer Reports, U.S . Public Interest Research, Consumer Financial, PayPal, CNBC Locations: U.S, Satellite Beach , Florida

☆ More taxpayers will receive tax forms from apps such as Venmo, PayPal for 2023. Here's how to avoid tax issues
▼ + stars: | 2023-05-23 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +4 min

As a result of the change, more taxpayers are likely to receive Form 1099-K, which reports third-party business payments to the IRS. Some lawmakers are pushing to increase the reporting threshold, so it could change further. However, regardless of the tax reporting threshold, it's important to remember P2P business payments have always been taxable, experts say. Here are some additional tips to consider before the reporting change in January. An accounting system may also make it easier to track business expenses, which may be deducted to reduce taxable income, Guarino said.

Persons: Tommy Lucas, Moisand Fitzgerald Tamayo, Lucas, It's, Jim Guarino, Baker Newman Noyes, Guarino, Adam Markowitz, I've, Markowitz Organizations: Getty, Taxpayers, PayPal, eBay, IRS Locations: Orlando , Florida, Woburn , Massachusetts, Windermere , Florida

☆ Who is Satoshi Nakamoto? Crypto fans just celebrated the bitcoin inventor's birthday and his legend is as mysterious as ever.
▼ + stars: | 2023-04-07 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Satoshi Nakamoto is said to be the inventor of bitcoin and wrote the token's original white paper in 2008. Nakamoto's paper, "Bitcoin: A Peer-to-Peer Electronic Cash System," was published in October 2008. In his white paper, Nakamoto cited the work of Stuart Haber, a computer scientist credited with helping invent blockchain technology. A Newsweek article in 2014 said that Dorian Prentice Satoshi Nakamoto, a Japanese American man living in California, was the elusive inventor of bitcoin. After the article published, Nakamoto's online account revived itself after a five-year hiatus, stating: "I am not Dorian Nakamoto."

☆ It's becoming increasingly clear that fintech has a fraud problem
▼ + stars: | 2023-03-29 | by ( Bianca Chan | Paige Hagy | ) www.businessinsider.com time to read: +8 min

"With fast growth comes fast fraud," Frank McKenna, a longtime fraud expert who works with banks, lenders, and fintechs, told Insider. Cash App only requires a zip code, debit-card number, and either an email or phone number to create an account. Cash App's alleged fraud problem could also be the result of its large, active customer base, which numbers some 44 million, according to the company's 2022 annual report. The fact that Cash App offers peer-to-peer payments exacerbates the fraud issue, according to McKenna, the chief fraud strategist at Point Predictive, an anti-fraud software company. Digital-only bank Chime has had its own issues with fraud, Jason Mikula, a fintech analyst and consultant, told Insider.

Popular passive income ideas include online courses, as well as renting out property, tools, and equipment to others. Even though the goal is passive income, there may be a bit of active work required at the start. However, many passive income ideas may require a significant upfront investment of time and labor to generate profits later. See Insider's picks for the best budgeting apps >>With the hundreds of possible passive income streams available, which ones are the best for 2023? Bonds and bond fundsInvesting with bonds or bond funds can be another way of generating passive income.

☆ Payment Channels and Types of Transactions
▼ + stars: | 2023-03-21 | by ( Insider Intelligence | ) www.businessinsider.com time to read: +3 min

Ongoing ecommerce growth is pushing payment providers to make efficient and inexpensive digital payment solutions their top priority despite the ever-changing post-pandemic landscape. By the end of 2026, brick-and-mortar will still account for $4 in $5 spent in retail—making it a critical investment for payment providers despite being less flashy than ecommerce and emerging digital channels. In order to keep shoppers in-store, merchants must broaden their accepted payment methods by allowing proximity mobile payments; contactless cards; buy now, pay later; and account-to-account payment options. As a result of this uptick, payment providers must invest in their mobile shopping and buying experience. Curious to learn more about payment channels and types of transactions?

☆ Payment Channels and Types of Transactions: Digitization, Integration, and the Economy
▼ + stars: | 2023-03-16 | by ( Insider Intelligence | ) www.businessinsider.com time to read: +3 min

While most retail sales still occur in-store, digital is driving innovation as ecommerce grows. Ongoing ecommerce growth is pushing payment providers to make efficient and inexpensive digital payment solutions their top priority despite the ever-changing post-pandemic landscape. In order to keep shoppers in-store, merchants must broaden their accepted payment methods by allowing proximity mobile payments; contactless cards; buy now, pay later; and account-to-account payment options. As a result of this uptick, payment providers must invest in their mobile shopping and buying experience. Curious to learn more about payment channels and types of transactions?

☆ This startup founded by a former Getir CTO enables users to hold stablecoins pegged to the US dollar. Check out the 11-slide pitch deck Cenoa used to raise $7 million.
▼ + stars: | 2023-02-06 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Cenoa, a fintech startup cofounded by the former CTO of Getir, has raised $7 million in funding. The startup enables customers to access USDC, a digital asset tied to the US dollar. We got an exclusive look at the 11-slide pitch deck used to raise the fresh funds. A startup that has developed a digital wallet where users can hold a stablecoin pegged to the US dollar has raised $7 million in seed funding. In the UK, for example, Cenoa works with FCA-registered Transak so that users can deposit and withdraw funds using local banking networks.

☆ Are digital wallets safe? Here’s what to know as the battle between big banks and Apple Pay heats up
▼ + stars: | 2023-01-24 | by ( Jessica Dickler | ) www.cnbc.com time to read: +3 min

"And it will be managed by the banks, which will in theory have better fraud protection than retailers." Now, 64% of Americans use peer-to-peer payment apps, although for young adults that jumps to 81%, according to a March 2022 survey by Consumer Reports. Users are vulnerable to fraud or scams or can lose money if they accidentally send a payment to the wrong person, a Consumer Reports analysis found. And peer-to-peer payments still have varying degrees of consumer protections, which could cause an issue when it comes to getting a refund. The Consumer Reports analysis included a call on policymakers to strengthen consumer protections.

Binance was the only major crypto exchange among Bitzlato's top counterparties, FinCEN said. A Binance spokesperson said via email it had "provided substantial assistance" to international law enforcement to support their investigation of Bitzlato. Bitcoin worth about $175 million was transferred to Binance from Bitzlato in that period, making Binance its largest receiving counterparty, the data show. The U.S. action against Bitzlato comes as the Justice Department investigates Binance for possible money laundering and sanctions violations. The Justice Department said Bitzlato exchanged more than $700 million in crypto with Hydra, either directly or through intermediaries.

☆ The former FTX US president just raised money from Anthony Scaramucci and Coinbase Ventures for his new crypto startup
▼ + stars: | 2023-01-20 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +4 min

Former FTX US president Brett Harrison started a new crypto infrastructure trading startup called Architect. The firm raised $5 million in a pre-product financing round, with backing from Coinbase Ventures. After nearly four months since stepping down as president of FTX US, Brett Harrison has raised $5 million for his new crypto trading infrastructure startup. The company, called Architect, is building software that aims to make trading in crypto markets easier for large investors and institutions. He served as FTX US president for 17 months before he stepped down in late September of 2022.

☆ KeyBanc upgrades Visa and Mastercard, says credit card stocks will continue outperformance in 2023
▼ + stars: | 2023-01-09 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Visa and Mastercard will do well once again in 2023 after outperforming last year, according to KeyBanc. Both payments companies outperformed in 2022, with shares of Visa down more than 3% for the year, and Mastercard more than 2% lower. The analyst expects the growth runway will continue to unfold for both, as they see new payment flows in 2023. It could account for more than 50% of the business, up from more than 45% in 2021, the note read. and other (e.g., Bill Pay), which in our view enhances the diversity of growth beyond core B2C use cases," the note read.

☆ Here are Monday's biggest analyst calls: Apple, Tesla, Amazon, Netflix, Alibaba, Meta, Uber & more
▼ + stars: | 2023-01-09 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Monday's biggest calls on Wall Street: Bernstein reiterates Apple as market perform Bernstein said it's concerned about disappointing iPhone revenues for Apple. Guggenheim upgrades AutoZone to buy from neutral Guggenheim said it sees "operational improvement" for the auto parts retailer. KeyBanc upgrades Visa and Mastercard to overweight from sector weight KeyBanc upgraded several credit card stocks on Monday and said it sees "growth durability." "Bank stocks face another year of uncertainty with revenue forecasts challenged, provisions for credit on the rise, and capital return mostly sidelined ahead of a recession." Bank of America names Ferrari a top 2023 pick Bank of America said the luxury car company has pricing power.

Chase Freedom Flex℠ and Chase Freedom® cardholders can activate the Q4 bonus categories through their Chase account starting September 15, 2022, until December 14, 2022. How Chase Freedom quarterly bonus categories workEach quarter of the year, the Chase Freedom Flex℠ and Chase Freedom® cards earn 5% back (or 5x points) on a different set of bonus categories. That's why you can think of the Chase Freedom Flex℠ and Chase Freedom® bonus categories as earning you either 5% back or 5x points. Previous Chase Freedom quarterly bonus categoriesFor Q3 2022 (July through September), the Chase Freedom bonus categories were gas stations, rental car agencies, movie theaters, and select live entertainment. Right now, there are alternative bonuses available directly through Chase for the Freedom cards — find out more in our guide to the current Chase Freedom offers and in our Chase Freedom Flex review.

☆ Investing in peer-to-peer loans makes this investor $2,200 a month in interest. Here's how he set up this easy passive income stream.
▼ + stars: | 2022-07-18 | by ( Leo Ginsburg | Nathan Rennolds | Business Insider Deutschland | ) www.businessinsider.com time to read: +5 min

Lars Wrobbel makes 2,200 euros a month in passive income by investing in peer-to-peer loans. Peer-to-peer investing involves making loans with high interest rates to private individuals. Wrobbel said that because of this risk, it's important peer-to-peer loans are only part of your investing portfolio. Peer-to-peer loans account for about 17% of Wrobbel's, he said, adding that he wouldn't let that figure go past 20%. When starting out, Wrobbel said putting 5 to 10% of your investments in peer-to-peer loans would be a good amount.

☆ Clickpay.md a fost onorat cu Premiul Mare „Mercuriul de Aur” la nominalizarea „Business on-line” și Medalie de Aur la nominalizarea „Liderul anului”
▼ + stars: | 2021-06-29 | by ( Https | Www.Facebook.Com Unimedia.Info | Ion Ceban | ) unimedia.info time to read: +2 min

Premiul Mare - Mercuriul de Aur, obținut în categoria „Servicii financiare”, nominalizarea „Business on-line” și Medalia de Aur din categoria „Servicii financiare”, nominalizarea „Liderul anului”, denotă aprecierea înaltă a brandului de către clienții Clickpay.md, care activ utilizează și susțin dezvoltarea continuă a platformei. Clickpay.md este platformă unică, în cadrul căreia, zilnic se realizează sute de transferuri de la card la card, absolut sigure și securizate. La moment, numărul utilizatorilor platformei Clickpay.md a depășit cu mult 500 000. Premiile obținute de Clickpay.md în cadrul concursului „Marca Comercială a anului 2020”, organizat de către Camera de Comerț și Industrie a Republicii Moldova în parteneriat cu Agenția de Stat pentru Proprietatea Intelectuală, demonstrează recunoașterea înaltă a brandului în cadrul acestei competiții. Clickpay.md micșorează distanțele mari și te ajută să fii mai aproape de familie și de cei dragi, oriunde nu te-ai afla!

Organizations: Agenția Locations: Republica Moldova, Moldova, Republicii Moldova

☆ Clickpay.md a fost onorat cu Premiul Mare „Mercuriul de Aur” la nominalizarea „Business on-line” și Medalie de Aur la nominalizarea „Liderul anului
▼ + stars: | 2021-06-29 | by ( Onixmedia Srl | ) diez.md time to read: +2 min

Clickpay.md a fost onorat cu Premiul Mare „Mercuriul de Aur” la nominalizarea „Business on-line” și Medalie de Aur la nominalizarea „Liderul anuluiLa marele eveniment „Gala Businessului Moldovenesc” , care a ajuns la cea de-a 18-a ediție și s-a desfășurat pe data de 25 iunie curent, Clickpay.md a fost decernat cu Premiul Mare și Medalie de Aur în cadrul concursului ,,Marca comercială a anului 2020”. Premiul Mare – Mercuriul de Aur, obținut în categoria „Servicii financiare”, nominalizarea „Business on-line” și Medalia de Aur din categoria „Servicii financiare”, nominalizarea „Liderul anului”, denotă aprecierea înaltă a brandului de către clienții Clickpay.md, care activ utilizează și susțin dezvoltarea continuă a platformei. Clickpay.md este platformă unică, în cadrul căreia, zilnic se realizează sute de transferuri de la card la card, absolut sigure și securizate. La moment, numărul utilizatorilor platformei Clickpay.md a depășit cu mult 500 000. Clickpay.md micșorează distanțele mari și te ajută să fii mai aproape de familie și de cei dragi, oriunde nu te-ai afla!

Persons: Clickpay.md Organizations: Agenția Locations: Republica Moldova, Moldova, Republicii Moldova

☆ Clickpay.md удостоен главной награды «Золотой Меркурий» в номинации «Бизнес Онлайн», и Золотой Медали в номинации «Лидер года»
▼ + stars: | 2021-06-29 | by ( ) ru.diez.md time to read: +2 min

Clickpay.md удостоен главной награды «Золотой Меркурий» в номинации «Бизнес Онлайн», и Золотой Медали в номинации «Лидер года»На мероприятии «Gala Businessului Moldovenesc», 18-й выпуск которого состоялся 25 июня текущего года , Clickpay.md был удостоен Главной премии и Золотой Медали в рамках конкурса «Marca comercială a anului 2020». Главный приз – «Золотой Меркурий», присужденный в категории «Финансовые услуги» в номинации «Бизнес Онлайн», и Золотая Медаль в категории «Финансовые услуги» в номинации «Лидер года», демонстрируют высокую оценку бренда со стороны клиентов Clickpay.md, которые активно используют и поддерживают динамичное развитие платформы. Clickpay.md – уникальная платформа, на которой ежедневно совершаются сотни переводов с карты на карту, быстро и абсолютно безопасно. Награды, полученные Clickpay.md в рамках конкурса «Marca comercială a anului 2020», который был организован Торгово-промышленной палатой Республики Молдова в партнерстве с Государственным агентством интеллектуальной собственности демонстрирует высокую оценку бренда Clickpay.md. Clickpay.md – сокращает большие расстояния и помогает быть ближе к родным и близким, где бы вы ни находились!

Persons: Clickpay.md – Organizations: Mastercard Visa, Торговопромышленной палата, Государственное агентство интеллектуальной собственности Locations: Молдова, Республика Молдова

☆ What's pushing growth in proximity mobile payment usage?
▼ + stars: | 2021-06-03 | by ( Jaime Toplin | ) www.businessinsider.com time to read: +5 min

Mobile proximity and peer-to-peer (P2P) payments have hit the mainstream, thanks to a pandemic-driven upswing in digital payments. We present our eMarketer forecasts for growth in the mobile proximity and mobile P2P payments space, as well as assess top players in each area. These were aimed at narrowing the gap between proximity payments, P2P, and mcommerce providers as wallet companies aimed to meet all mobile payment needs. Proximity Mobile Payment UsersAfter a 2020 surge, mobile proximity payment user growth rates will temper slightly before winding down to a 4.0% rise in 2025 as the sector matures, due to expansions in access and generational growth. The pandemic effect on proximity mobile paymentsPre-pandemic, a fifth of US adults who hadn't yet adopted mobile proximity payment technology expressed an interest in doing so, according to a 2020 Total System Services report.

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