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.
The retail chain is looking into a system that would let households manage their electricity bills through cryptocurrency.
Through the initiative, graduate students and faculty may potentially receive funding for projects.
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.
CEO Alexandre Bompard explained that the retailer’s expansion in digital commerce was an “absolute” priority as the company faces competition from online rivals.