credit cards – DIGIT INFO

Robinhood buys credit card fintech X1 for $95M

In 2022, X1 claimed to have 500,000 people on its waiting list for a credit card. Over the past two years, the startup has raised $62 million from venture capital firms.

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Amex planning to use AI for ‘approving cards and lines of credit’

American Express plans to extend its AI capabilities through partnerships despite having experimented internally with numerous machine learning-powered services.

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C6 Bank’s Climate Tool to Track CO2 Emissions From Customer Transactions Prompts Debate on Future of Banking

On April 13, a C6 Bank customer in Brazil shared screenshots of his online bank account, revealing that the financial institution was tracking CO2 emissions from his purchases and urging him to compensate monetarily. C6 Bank states that the new tool aims to inspire Brazilians to adopt more sustainable behaviors. ‘CBDC Preview’ — Bank Customer […]

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PayPal and the credit card industry are taking advantage of consumers

Stablecoins offer a way for consumers — particularly Americans — to escape the financial industry’s punitive transaction fees.

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Bit2Me and Mastercard launch debit card with crypto cashback

The new debit card builds on technology already in place in the existing Bit2Me crypto card, but this time, card holders are eligible for up to 9% crypto cashback.

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Credit cards can bridge Web2 to Web3, says music industry exec

As decentralized finance continues to become more mainstream, traditional financial tools can serve as a bridge from Web2 to Web3 for those who still remain skeptical.

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Stablecoins and CBDCs might play ‘meaningful role’ in payments — Visa CEO

Visa began working on a blockchain interoperability project in Sept. 2021 to support CBDC and stablecoin adoption but few updates have been made since.

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Visa’s trademark applications suggest more involvement in crypto space

The company’s trademark owner applied for its name to be used in software “to view, access, store, monitor, manage, trade, send, receive, transmit, and exchange” crypto and NFTs.

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Japan’s International Payments System will test plastic cards for CBDC

Japan Credit Bureau will develop its CBDC infrastructure in collaboration with IDEMIA and Softspace.

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Mastercard taps Paxos to launch crypto trading for banks

Mastercard will deploy its technology to integrate crypto trading into banks’ interfaces, while Paxos is set to provide its trading and custody services.

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