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UN Blockchain Expert Says Digital Cash Could Replace Bank Accounts

PYMNTS

United Nations global blockchain expert Massimo Buonomo has foreseen a future where digital currencies could replace low-interest bank accounts, Coindesk reports.

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Industry Slant // Bo Berg Talks Giant Schnauzers, DJing, Financial Services

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I eventually got headhunted to work for City National Bank in Los Angeles. MM: So, you started at City National Bank, and was the bank online before you got there? MM: You played a variety of roles at City National Bank. I have a lot of experience with core systems, credit cards, and rewards programs. BB: 19 years.

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Bitcoin Daily: Bitcoin Sets New Record For Days Closed At Over $10K; Conaway Introduces Bill To Make Crypto A Commodity

PYMNTS

In other news, CoinFlip will now offer a bitcoin-enabled gift card marketplace, according to a report by Bitcoin Magazine. The marketplace came about through a partnership with eGifter and will allow for the sale of gift cards in exchange for bitcoin.

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Afterpay Teams With Simon Before Holiday Shopping Season

PYMNTS

To help merchants and promote Afterpay in-store payment services to individuals before the busy holiday shopping season, buy now, pay later (BNPL) firm Afterpay and Simon have announced a national collaboration. There are real opportunities for those brands that deeply understand their consumer.”.

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Are New Prepaid Card Regulations Too Much?

PYMNTS

According to Brad Fauss, president and CEO of the Network Branded Prepaid Card Association, the recently released regulations on prepaid cards from the Consumer Finance Protection Board could be another instance of good intentions gone wrong. First National Bank of Pennsylvania, the largest subsidiary of F.N.B. Time will tell.

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Virtual Cards Run Into Payroll Card-Like Legal Troubles

PYMNTS

In recent years, payroll cards have run into controversy as lawsuits and lawmakers scrutinize fees that often come with the tool. The debate involves virtual cards and their use by insurers to pay healthcare providers. But, much like the payroll card debate, the legal questions around virtual cards also focus on fees.

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SoFi’s Trading Volume Surges, User Base Nearly Triples

PYMNTS

In regards to the company’s recent filing for a national bank charter, Noto said, “Being a national bank would really be critical strategically. The virtual card will instantaneously show up in Samsung Pay at the time of approval. Our company is ready for that next important step and responsibility.

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