When it comes to innovation in technology, there are bound to be positives as well as negatives. While eCommerce is booming, some marketplaces are having better (or worse) luck than others, and digital currencies are seeing astonishing fluctuations.
In today’s PYMNTS data, Alibaba is fighting counterfeit product listings on its shopping platforms, and its co-founder is looking to buy a relatively large stake in the Brooklyn Nets NBA team; financial institutions (FIs) are using Visa rails to move money cross-border; bitcoin saw a huge surge in value-per-coin and mobile wallets are making waves.
Here are the numbers:
180,000 | Number of merchant storefronts that have been shut down to date for peddling counterfeit merchandise on Alibaba’s eCommerce sites
15,000 | Number of FIs that currently use Visa rails to move money around the world safely, reliably and compliantly, a critical foundation for achieving interoperability and ubiquity to ignite real-time B2B cross-border payments at scale
$8,000 | Amount at which experts predict bitcoin will soon trade for after finishing out Sunday (Nov. 19) trading just shy of $7,800 per coin.
49 percent | Portion of the Brooklyn Nets NBA franchise that Alibaba Co-Founder Joe Tsai intended to purchase, news that was made public around the same time word broke that the company’s shipping sites were loaded with counterfeit Nets merchandise.
10 percent | Portion of the top 100 online retailers in the U.S. that accept Amazon Pay as a payment method