Welcome to Five at Five, your late look as the day’s payments and commerce news. Coverage includes Amazon’s new holiday and grocery plans, and a new challenge it faces from eBay. Ripple faces another lawsuit related to its digital currency technology, and there is word about a big deal out of the Mobile World Congress Shanghai conference.
Just because Amazon was one of the key forces to the demise of Geoffrey the Giraffe, that doesn’t mean the retailer does not want parents everywhere to be in the know when it comes to filling their children’s Christmas coffers.
Online retailer eBay took a swipe at Amazon, saying no membership is required to get deals during its shopping event.
The new Amazon Go store, located in Seattle, will stand about a mile away from the other location. In a statement, Amazon said “we are excited to bring Amazon Go to 920 5th Avenue in Seattle. The store will open in Fall 2018.”
The Ripple lawsuit essentially centers around allegations that Ripple created billions of XRP tokens out of thin air and profited by selling and pushing them to the public in what amounts to a never-ending coin offering.
The companies said the deal was inked at the Mobile World Congress Shanghai and, under the terms, Nokia and Tencent will create an end-to-end 5G test environment in Shenzhen.