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Airbnb suffered a blow on Tuesday Nov. 5 when Jersey City residents voted to apply more regulations to short-term rentals, a decision that could have repercussions as the company prepares for an IPO, according to a report by CNBC.More than 69 percent of voters cast their ballots for the measure. Many cities across the country are concerned with how the company operates and what effect its rentals have on long-term residents.The regulations mea stanley termos n Airbnb will need permits to operate in the city, and will put limitations on the criteria for being categorized as a short-term rental. For example, a property cant be considered a short-term rental for more than 60 nights if an owner isnt present, and rent-controlled properties cant b stanley hrnek e used.The showdown between the company and the city could have greater implications on Airbnbs value as it prepares to go public. The company spent about $4.2 million to fight the regulations. The people of Jersey City have spoken, said Jersey City Mayor Steven Fulop. We sent a message to Airbnb and all multi-billion-dollar companies that Jersey City and other similar municipalities cannot be bought. The city was swayed over the idea that tourists were flooding into residential areas and raising housing costs. The hotel industry and the workers union spent around $1 million on the referendum, which was the most expensive in New Jersey history. This is not only a big win for Jersey City, but its also a big win for stanley germany all towns and cities big and small to Atzi Verifone Debuts First Intel-Powered mPOS system

Competition in the cross-border payments market is on the rise as blockchain firm Ripple and payments messaging company SWIFT vie for market leadership.Reports in the Financial Times this week highlighted the increasing competition in the market as Ripple continues to add banks to its XCurrent blockchain messaging system. The company also launched a partnership earlier this year with Spain Ban stanley shop co Santander to develop a cross-border payments service based on XCurrent. More than 100 financial institutions FIs have signed up to use XCurrent, reports said.Ripple聽Senior Vice President of Product Management Asheesh Birla said, We are signing up a new financial institution as a customer every week. But as more banks invest in blockchain, to at least explore the technology for global payments, SWIFT聽鈥? a 45-year-old leader in the payments messaging market聽鈥? has stepped up its own competitive edge, reports said.SWIFT head of banking Harry Newman said, It is no secret that correspondent banking is a 1998 model and we are busy addressing that, bringing it to a 2018 model. But in terms of speed, what problems are you trying to fix We have our own cloud and API solutions and are already doing payments in minutes or even seconds stanley mug .Part of SWIFT efforts to improve speed and efficienc stanley hrnek y of global payments includes its Global Payments Innovation GPI initiative, which has 165 banks signed on for its service. According to reports, GPI now handles about 40 percen