USA
🎉United States 🇺🇸: Venmo and PayPal users will finally be able to send money to each other Paid Members Public
🎉United States 🇺🇸: Venmo and PayPal users will finally be able to send money to each other Although Venmo has been owned by PayPal since 2013, the two platforms were not interoperable — until now. Starting in November, that will change. ▶️The upcoming integration will benefit not only U.S. users but
🎉Stripe and OpenAI launch instant checkout service directly inside ChatGPT Paid Members Public
🎉Stripe and OpenAI launch instant checkout service directly inside ChatGPT Users can now chat with AI and make purchases instantly. The partnership between Stripe and OpenAI, which began in 2023 with ChatGPT Plus subscription management, has evolved into a new AI-powered conversational commercemodel. ▶️The enhancement is built on the Agent
💣EU moves to finalize financial data access rules (FiDA), excluding US tech giants 🇺🇸 Paid Members Public
💣EU moves to finalize financial data access rules (FiDA), excluding US tech giants 🇺🇸 According to the Financial Times, the European Union plans to bar Amazon, Apple, Google, and Meta from accessing its new financial data-sharing system. The measure is framed as part of Europe’s drive for “financial sovereignty.” ▶️The
⚡️PayPal users will be able to send money and crypto via P2P links Paid Members Public
⚡️PayPal users will be able to send money and crypto via P2P links To send or request a transfer, users simply need to open the PayPal app and enter the payment details. This generates a unique, one-time link that can be shared via SMS, email, direct messages, or chat. ▶️It
🎉 Stripe🇺🇸introduces the Tempo blockchain for stablecoin payments Paid Members Public
🎉 Stripe🇺🇸introduces the Tempo blockchain for stablecoin payments The project is being developedwith a focus on payments, money transfers, and new use cases — such as microtransactions and machine-to-machine transactions. ▶️Tempo is the result of a collaboration between Stripe — leveraging its global infrastructure and customer base — and the crypto-focused venture capital
🎉Europe: Swedish fintech Klarna introduces its debit card Paid Members Public
🎉Europe: Swedish fintech Klarna introduces its debit card Now, anywhere Visa is accepted, European users will be able to pay upfront. ▶️In the Klarna app, consumers can choose 1 of 3 plans, including “Pay in 3”, “Pay later”, or long-term financing for larger purchases, subject to approval. ▶️Context: currently, Klarna’
⛔️Quantum computing may become a threat to digital payments — alarmist narrative or real risk? Paid Members Public
⛔️Quantum computing may become a threat to digital payments — alarmist narrative or real risk? The ability of quantum computers to break current cryptographic methods could have severe consequences for multiple areas of digitalpayments. Key risks include: ▶️Instant payments: real-time transfer platforms (such as FedNow) rely on public key cryptography to
👀USA🇺🇸: CFPB considers reducing oversight of international money transfers Paid Members Public
👀USA🇺🇸: CFPB considers reducing oversight of international money transfers Strict regulation entails high costs that may outweigh the benefits. It seems that some regulators are beginning to acknowledge this issue. ▶️Context note: the CFPB (Consumer Financial Protection Bureau) is an independent U.S. government agency responsible for consumer protection in