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5 votes
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Money stuff: You can’t just call loans options
5 votes -
Bank of Canada holds at 1.75%, warns economy's resilience to be 'tested'
8 votes -
Denmark is proposing steps to protect bankers amid evidence they regularly receive threats for exposing clients involved in suspicious dealings
7 votes -
Germany’s North Channel Bank has been fined 110 million Danish crowns by a court in Denmark for its involvement in a dividend stripping scheme
5 votes -
'The men who plundered Europe': Bankers on trial for siphoning €60bn
10 votes -
Bank of Canada maintains overnight rate target at 1.75%
7 votes -
Sweden to introduce bank tax to help fund greater defense spending from 2022
8 votes -
Mario Draghi signals 'worse and worse' outlook warrants ECB stimulus
7 votes -
Highlights from Facebook's Libra hearing with the Senate Banking Committee
8 votes -
How Britain can help you get away with stealing millions: a five-step guide
7 votes -
Small change, big effects: An overview of payment systems
4 votes -
How Itta Bena, Mississippi, became a banking desert
5 votes -
Shadow banks are back with another big bad credit bubble
11 votes -
Marcus “MalwareTech” Hutchins pleads guilty to writing, selling banking malware
6 votes -
I just visited a retail marijuana store that uses Litecoin to accept debit cards
After all this time watching cryptocurrency from a distance, I have finally seen a real world use case. Marijuana is legal in this US state, however national banks are not allowed to service the...
After all this time watching cryptocurrency from a distance, I have finally seen a real world use case.
Marijuana is legal in this US state, however national banks are not allowed to service the marijuana industry due to federal law. Therefore all card processing is not available to the retail outlets. It’s only cash transactions at the retail level.
Until today. Today I was asked if I wanted to pay with a debit card. When I asked how, he said they used litecoin. So I imagine that the card is being run by a company which then converts it to litecoin to pay the merchant. Anyone have any clue on what that might cost the merchant as far as percentage?
I thought I would share this because after hearing all hype rollercoaster regarding cryptocurrency, I have finally seen a somewhat legitimate use of it in the real world.
Do you see any other use cases of crypto out in the wild these days?
13 votes -
Protecting the 'unbanked' by banning cashless businesses in Philadelphia
12 votes -
Troika laundromat: A special investigation into leaked papers showing how vast sums of Russian money were channelled into western banks
10 votes -
Australian banking royal commission calls for compensation, crackdowns, and an overhaul of financial regulators
8 votes -
How AI is transforming the fight against money laundering
3 votes -
SIPC says it has serious concerns about Robinhood's new product
14 votes -
1MDB scandal: Malaysia files charges against Goldman Sachs
10 votes -
Robinhood launching checking and savings account with 3% interest
8 votes -
Predatory lending practices: Business borrowers hurt by "confession of judgment" filings
9 votes -
'Inexcusable' greed and dishonesty in financial advice
6 votes -
The real Goldfinger: The London banker who broke the world
8 votes -
Bank of America freezing accounts of customers suspected of not being US citizens
18 votes -
Wells Fargo may have accidentally foreclosed 400 US homes
10 votes -
Facebook in talks with banks to add your financial information to Messenger
18 votes -
India looking to compel e-commerce, social media firms to store data locally
5 votes -
Why killing Dodd-Frank could lead to the next crash - Eliminating the bill was a top priority for Trump. So why did any Dems vote for it?
11 votes -
Inside the bunkers and war rooms where major banks wage nightly battle on the frontline of cyber war
5 votes -
Banking by smart speaker arrives, but security issues exist
2 votes -
Cryptocurrencies like bitcoin cannot replace money, says Bank for International Settlements
10 votes -
Commonwealth Bank to pay record $700m to settle money-laundering case
5 votes -
Two Canadian banks warn attackers may have stolen customer data
5 votes -
US Federal Reserve votes to ease rule aimed at preventing big banks from making risky financial bets
6 votes -
Why China’s payment apps give US bankers nightmares
10 votes -
Campaign for postal banking
9 votes