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Wells Fargo Tests Digital Currency for Internal Transfers
Wells Fargo plans to enter the world of cryptocurrency. The bank is testing a new service called Wells Fargo Digital Cash to conduct internal transactions. The digital currency is linked to the U.S....
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The U.S. Dollar Will Back 50% of Libra, Facebook’s Cryptocurrency
The U.S. dollar will represent 50% of the backing for Facebook’s proposed cryptocurrency, according to reports from Reuters. The Libra Reserve will also have support from the euro, the yen, the...
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Senators Urge Visa, Mastercard to Reconsider Involvement with the Libra...
Members of the Libra Association are now facing pressure to reconsider their involvement with Facebook’s cryptocurrency. This week, Senator Brian Schatz (D-HI) and Senator Sherrod Brown (D-OH) sent...
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LowCards.com Weekly Credit Card Update–November 15, 2019
Google Wants To Be Your Banker Google plans to launch a checking account aimed at individuals as soon as next year. The search giant will tie the accounts to its Google Pay offering, which already has...
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LowCards.com Weekly Credit Card Update–January 10, 2020
U.S. Gas Stations Rush to Adopt Chip Cards After Failed Bid to Delay Deadline Gas stations around the U.S. are rushing to upgrade fuel pumps to accept credit and debit cards with chips after Visa and...
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Could JPMorgan’s Cryptocurrency Be Used by Consumers?
Earlier this month, JPMorgan became the first major bank in the United States to launch its own cryptocurrency, JPM Coin. This digital currency allows the bank to make instant money transfers over a...
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What is Cryptocurrency?
Most people have heard the term “cryptocurrency,” usually from a tech reporter or someone in the banking industry. But many of us do not fully understand cryptocurrency and how it works. What is...
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Mastercard Looking to Develop Cryptocurrency and Crypto Wallet
Mastercard is aiming to build a cryptocurrency development team, according to the company’s active job listings. The jobs include vice president of project management for blockchain/crypto, as well as...
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LowCards.com Weekly Credit Card Update–August 21, 2020
Banks Are Putting Lower Limits On New Credit Cards U.S. credit card lenders are beginning to pull back on the business even as consumers keep up with their bills during the coronavirus pandemic. Total...
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LowCards.com Weekly Credit Card Update–September 11, 2020
Citi Customers Can Now Make Their Credit Card Minimum Payment Using Rewards Points Citi is now offering a temporary point redemption opportunity that gives customers the option of redeeming cash...
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