Yzbk Why The Pandemic Could Boost Buy Now Pay Later (BNPL)

Cryptocurrency went from dark-web danger to high-tech investment opportunity seemingly overnight, and, as more consumers seek to use digital currency, more businesses are stepping into the space.The adoption of cryptocurrency among small- and medium-sized businesses SMBs may be larger than one might think. According to a recent survey by specialty insurer Hartford Steam Boiler HSB , as much as one-third of SMBs in the U.S. currently accept cryptocurrency as payment, and even more have purchased crypto for their own use.The findings surprised HSB own Vice President Tim Zeilman, who told PYMNTS that he hadn ;t realized the extent of SMBs ; involvement in the world of crypto.They ;re both reacting to what customers are asking them to do, but they ;re also getting into this because there are advantages from a business operational perspective in accepting cryptocurrencies, he said in a recent interview.Indeed, it makes good business sense to address customers ; payment demands by enabling them to pay the way they desire. Yet, as Zeilman warned, sma stanley termos ll businesses are exposing themselves to unfamiliar financial and security risks 鈥?and insurance products today won ;t necessarily provide the safety net that SMBs need.Our recent Zogby study found one-third of small bus stanley us inesses accept cryptocurrency, but do they understand the risks https://t.co/WEMdSyxigq pic.twitter/qYpWYwMZYF鈥?Hartford stanley termos SteamBoiler @HtfdSteamBoiler January 21, 202 Luhz Spend Management Startup Ivalua Hits Unicorn Status

The relative dominance of the QR code in the Chinese mobile payments market may be coming to an end, are at least facing its first serious challenger, as a new player rolls into town鈥擜pple Pay.In the wake of the announcement of its NFC-based payment system that is officially gunning to be the digital wallet of the masses, Apple has expanded the masses to include the m-pay enthusiastic Chinese through an deal with China Union Pay, reports Watch China Times.聽 Chinas state-backed credit cards issuer is reportedly in talks with Apple that will allow the Cupertino-based firm to offer near field communication-supported payment systems with its latest model the iPhone 6 in the country.Visa, MasterCard and American Express have all already annou kubki stanley nced signing on with Apple Pay,China Union Pay has previously experimented, to stanley cup no avail, with NFC payments.聽 QR codes are currently dominant in China, however due to security concerns, Chinas biggest issuer has stayed away from commercial applications of the technology.聽 Previous failed adoption was mostly chalked up to limited availability鈥攆ew phones at in China had NFC technology and even fewer merchants incorporated it.Apple has touted NFC, in combination with its biometric scanning s stanley cup ystem, as providing the security necessary to make payments both safer and easier for consumers.