Elon Musk wants to turn Twitter into the next Cash App or Venmo. Earlier today, Musk attended a Q&A hosted through a Twitter Space. While the new CEO answered a lot of questions concerning content moderation and profile verification, he also touched on the future of payments on the platform. When asked about how payments…
Apple has yet to formally confirm its rumored mixed reality headset, but that hasn’t stopped the rumors from swirling. A new report from The Information brings yet another rumor to the table. Apple’s unannounced AR/VR headset will reportedly scan the irises of a user’s eyes to authenticate purchases and log them into their accounts. The…
Block signage on the floor of the New York Stock Exchange in New York on Jan. 3, 2022. Photographer: Michael Nagle/Bloomberg May 4, 2022, 7:11 PM; Updated: May 4, 2022, 11:27 PM Judge invalidated patent covering digital discounts Financial services companies like Visa also sued Block Inc. has been freed from a patent-infringement suit claiming that…
The Bank for International Settlements (BIS) announced yesterday that Australia, Malaysia, Singapore, and South Africa have agreed to test cross-border payments using central bank digital currencies (CBDCs) in late 2021 and early 2022. The effort has been dubbed Project Dunbar, an apparent reference to Dunbar’s number, which states that humans can only maintain 150 stable…
Amazon has denied a report that claimed it would start accepting Bitcoin payments soon, and in the process, it might have slowed the cryptocurrency’s rebound. UK newspaper City A.M. reported Monday that Amazon planned to accept Bitcoin payments “by the end of the year.” The report’s anonymous source also said “Ethereum, Cardano and Bitcoin Cash…
