Today In Data

Today In Data: Bitcoin Is Up, Trust In Alibaba Is Down

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

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WATCH LIVE: HOW WE SHOP – TUESDAY, NOVEMBER 10, 2020 – 12:00 PM (ET)

New forms of alternative credit and point-of-sale (POS) lending options like ‘buy now, pay later’ (BNPL) leverage the growing influence of payments choice on customer loyalty. Nearly 60 percent of consumers say such digital options now influence where and how they shop—especially touchless payments and robust, well-crafted ecommerce checkouts—so, merchants have a clear mandate: understand what has changed and adjust accordingly. Join PYMNTS CEO Karen Webster together with PayPal’s Greg Lisiewski, BigCommerce’s Mark Rosales, and Adore Me’s Camille Kress as they spotlight key findings from the new PYMNTS-PayPal study, “How We Shop” and map out faster, better pathways to a stronger recovery.

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