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Bank of England should lead the world by developing its own cryptocurrency, urges former WorldPay boss

From Bank of England urged to lead the world by developing its own crypto | This is Money:

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A man in Germany says he lost bitcoins worth $560,000 by falling for a scammer posing as Elon Musk, the BBC reported.

From Man lost $560,000 worth of bitcoin in ‘Elon Musk’ scam: BBC:

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Finally, what is Walmart’s competitive advantage in financial services? Its huge customer base, many of whom are rural and on modest incomes. Many of them will be unbanked or underbanked. These people don’t need particularly whizzy tech. They need deposit services and credit.

So what makes sense is for Walmart to offer core banking services, even if they do it through their web app rather than with bank branches within box stores. A low-cost debit card which allowed customers to take advances on their next pay cheque, a wholly-owned credit card and unsecured personal loans would all make sense.

From Why Walmart is betting on banking | Financial Times:

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Florida woman pretending to be plastic surgeon arrested after bad nose surgery, police say
She was in the middle of performing another procedure on a different patient on Thursday when detectives got to the office and arrested her, police said.

From Florida woman pretending to be plastic surgeon arrested after bad nose surgery, police say:

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One is the fundamental infrastructure of payments processing, for which Stripe typically takes a fee of roughly 2.9 per cent of each transaction — or 1.9 per cent in Europe, where card fees are typically lower.

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Stripe’s is not the cheapest rate available but key to its appeal is speed and simplicity of integration, especially for the small businesses and start-ups upon whom it built its business.

From How Stripe became Silicon Valley’s most prized asset | Financial Times:

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Nicolas Pickaerts, vice-president of global development at Matchesfashion, said Stripe had increased its acceptance rate — the frequency with which purchases successfully go through — by about 2 percentage points. “Given the size of our business, it’s worth a lot of money,” he said.

From How Stripe became Silicon Valley’s most prized asset | Financial Times:

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John Doran, general partner at venture capital firm TCV… referred to the “global perspective” of a Silicon Valley company founded by two young Irish immigrants and its ability to plan five or 10 years ahead. “The [payments] infrastructure is global and you have to have a long-term mindset,” he said.

From How Stripe became Silicon Valley’s most prized asset | Financial Times:

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Shares in Provident Financial fell by almost 28 per cent yesterday after the company warned it could not cope with a deluge of claims from customers complaining that they were offered loans they could not afford and revealed that it is being investigated by the Financial Conduct Authority over the “affordability and sustainability” of loans made in the year to last month

From Mis-selling claims push Provident unit to the brink | Business | The Times:

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India’s Axis bank has rolled out a range of wearable devices for contacless payment transactions.

Dubbed ‘Wear ‘N’ Pay’, the progreamme enables customers to leave their wallets at home and use payment bands, key fobs, or loops to make payments on the go.

From Axis Bank introduces ‘Wear ‘N’ Pay’:

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“That’s what has saved us, the dollar,” said Jose Espinoza, a bus driver in western Caracas. “Few people have bolivars in cash … Right now everyone carries dollars.”

From Maduro seeks to speed up digital payments as Venezuela runs out of cash | The Mighty 790 KFGO | KFGO:

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