Welcome to Five at Five, your late look at the day’s payments and commerce news. Today, we have two stories about the latest developments involving blockchain, along with a report regarding the most recent fallout from the Wells Fargo sales scandal. Carrefour has an eCommerce progress report, and there is a new ride-hailing insurance product.
Walmart Looks Into Blockchain Electric Bill System
The retail chain is looking into a system that would let households manage their electricity bills through cryptocurrency.
Ripple Gives $2M To Texas University For Blockchain Research
Through the initiative, graduate students and faculty may potentially receive funding for projects.
Wells Fargo Receives Approval To Settle $142M Suit
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The bank said that it has received final approval from a California court to settle a class action suit. The $142 million suit sought to compensate customers impacted by a sales scandal.
Carrefour’s CEO Reports Progress On Digital Alliances
CEO Alexandre Bompard explained that the retailer’s expansion in digital commerce was an “absolute” priority as the company faces competition from online rivals.
Chubb And Sure To Offer Ride-Hailing Passengers Insurance
Chubb and Sure has created a product that gives passengers of ride-hailing apps accident and death coverage on a per-day basis.
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