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UST Stablecoin Drops to 92 Cents, Could Jeopardize Funding Algorithm
UST Stablecoin Drops to 92 Cents, Could Jeopardize Funding Algorithm
May 09, 2022  |  Cryptocurrency

TerraUSD (UST) is without its dollar peg for the second time in only three days, CoinDesk reported Monday (May 9). Get the Full Story Complete...

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South African Mobile Payments Provider SnapScan Buys Payroll Startup Radar
South African Mobile Payments Provider SnapScan Buys Payroll Startup Radar
May 09, 2022  |  Acquisitions

Mobile payments provider SnapScan has bought Radar, a South African human resources and payroll startup, a report from Disrupt Africa said Monday (May 9). Get...

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BNPL Startup Cashew Nets $10M for Expansion From UAE Lender
BNPL Startup Cashew Nets $10M for Expansion From UAE Lender
May 09, 2022  |  Investments

Cashew, a buy now, pay later (BNPL) firm from the United Arab Emirates (UAE), has secured up to $10 million in debt and equity financing...

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SMBs Say Costly, Time-Consuming Payment Processes Are Chronic Supplier Pain Point
SMBs Say Costly, Time-Consuming Payment Processes Are Chronic Supplier Pain Point
May 09, 2022  |  SMBs

Small- to medium-sized businesses (SMBs) experience several problems when making payments to suppliers. The most common pain points are manual invoice review, the high cost of...

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Facial Recognition Developer Clearview AI Agrees to Limit Database Sales
Facial Recognition Developer Clearview AI Agrees to Limit Database Sales
May 09, 2022  |  Biometrics

Facial recognition software maker Clearview AI has settled a lawsuit from the American Civil Liberties Union (ACLU) and will limit access to its face database...

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CBDC Weekly: BIS Says 90% Central Banks Exploring Digital Currency; Call to Slow Down Digital Rupee; Philippines Plans Q4 Pilot of Wholesale CBDC
CBDC Weekly: BIS Says 90% Central Banks Exploring Digital Currency; Call to Slow Down Digital...
May 09, 2022  |  CBDC

Nine out of 10 central banks surveyed by the Bank for International Settlements (BIS) said that they are at least exploring a central bank digital...

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Today in the Connected Economy: Mastercard Offers Support to UK SMBs
Today in the Connected Economy: Mastercard Offers Support to UK SMBs
May 09, 2022  |  Connected Economy

Today in the connected economy, Mastercard and Enterprise Nation roll out an app designed to help small businesses in the U.K., and Uber reroutes its...

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India’s PayCraft to Launch New Corporate Transit Card
India’s PayCraft to Launch New Corporate Transit Card
May 09, 2022  |  Transportation

Indian payments company PayCraft Solutions is set to roll out a line of corporate prepaid transit cards tied to the country’s National Common Mobility Card...

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Goldman Sachs Pauses New SPAC Offerings Amid Regulatory Pressures
Goldman Sachs Pauses New SPAC Offerings Amid Regulatory Pressures
May 09, 2022  |  SPAC

Goldman Sachs has paused new special purpose acquisition company (SPAC) offerings, which has added more complications to the lagging market as regulators turn a more...

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