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China has been trying to expand the clout of the Chinese yuan amid a broader trend to diversify away from the US dollar.

But even Chinese businesses aren’t sold on the yuan right now.

Official data from the People’s Bank of China, the country’s central bank, shows that foreign-exchange deposits rose from $778.9 billion in September to $832.6 billion in March.

This means some Chinese businesses have been holding back from converting their foreign-exchange earnings into their home currency.

From: De-Dollarization: Even Businesses in China Are Hanging Onto Their USD.

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Standard Chartered maintains its bitcoin price targets of $150,000 by the end of this year and $200,000 by the end of 2025.

From: Bitcoin to $200K? SCB Thinks So, While Market Forecast Signals No Fed Rate Hikes This Election Season.

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The idea is you’ll be able to get the key points out of a document, a webpage, or a conversation thread without having to read through it in its entirety – and presumably Apple is going to offer certain assurances about accuracy and reliability.

From: More details of the AI upgrades heading to iOS 18 have leaked | TechRadar.

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In the second quarter of 2023, the average costs of sending USD 200 to developing regions continued to be high at 6.2 per cent, more than twice the target of 3 per cent of the Sustainable Development Goal 10.c.1 (Ratha et al., 2023a). Sub-Saharan Africa continued to have the highest average remittance costs, at about 7.9 per cent; South Asia had the lowest average remittance costs at 4.3 per cent (ibid.).

Though mobile operations account for less than 1 per cent of transfer volumes, they remain the cheapest channel for sending remittances, with an average cost of 4.1 per cent during the second quarter of 2023, followed by money transfer operators (average cost of 5.3%) and post offices (7%) (ibid.). With an average cost of 12 per cent during Q2 2023, banks remained the most expensive channel for remittance transfers (ibid.)

From: Remittances data.

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More than half of all U.S. adults ages 18 to 34 use it, according to Pew Research Center, while about a third of those 29 and under say they regularly get news on TikTok, up from less than 10% in 2020.

From: How TikTok Is Wiring Gen Z’s Money Brain – WSJ.

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Some 91% of Gen Zers say they have purchased something they saw on social media, according to a survey from Citizens Pay, a buy-now-pay-later service from Citizens.

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Americans under 30 get much of their news on TikTok. They hear about money there, too, and that’s shaping the way they save, spend and view their financial prospects, young adults and economists say.

From: How TikTok Is Wiring Gen Z’s Money Brain – WSJ.

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What I absolutely don’t understand, is the request is to provide our bank details again separately on headed paper. The first time I was asked to do this I didn’t have anything ready to send so how did I produce headed paper? Well, it wasn’t too hard. I typed our bank details into a word document, added a clever little watermark, put our logo at the top, added our company info and saved as a PDF. Hey presto, undeniable proof of our details. I am sure that nobody that makes a living out of committing fraud would ever have such ingenuity.

From: (1) Time to Rethink Collecting Bank Details: Let’s make Gavin happy.

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Now, for the 1st time ever, you can buy a real-world item on Roblox!

Visit our 🛍️ IRL commerce shop 🛍️ in this experience to check out the real-world items chosen by our partner UGC creators— MD17_RBLX, Junozy, & Sarabxlla.

Each purchase comes with a 🎊FREE VIRTUAL TWIN 🎊 created by our partner UGC creators.

From: Walmart Discovered – Roblox.

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Discrepancy between total transfer volume vs. bot-adjusted transfer volume. When we apply a simple heuristic that removes inorganic data, we see that transfer volume for the last 30 days can be adjusted from $2.65T to $265B2

From: Making sense of stablecoins | Visa.

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In a Delhi High Court proceeding last Thursday, WhatsApp said it would be forced to leave the country if the court required traceability, as doing so would mean breaking end-to-end encryption.

From: WhatsApp could leave India over encryption battle – Rest of World.

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