payments

The U.S. Supreme Court refuses to hear an appeal by hedge funds; South Korea’s leading cybercurrency regulator dies of heart attack.

The move comes at a time when banks are becoming more aggressive in acquiring or investing in financial technology companies.

The central bank is beginning to consider the possibility of a “digital dollar,” which will foster more efficient and transparent payments.

After 10 years of development, nobody has come up with a use for blockchain that has been widely adopted.

Both in dollar and transaction volume, credit card use is growing at a faster pace than debit use. Much of the growth is coming from affluent consumers who value rewards like 2% cash back on purchases.