Today In Payments: India Could Ban Crypto
In today’s top news, India could ban all cryptocurrency, and Stripe is valued at $95 billion after a $600 million funding round. Plus, Flywire plans to go public.
India is considering new regulations that would ban cryptocurrency in the country. The proposed regulations would be the toughest worldwide, and would penalizing anyone who holds, buys or mines bitcoin and other digital currency.
Stripe is now valued at $95 billion, making it the most valuable private company in Silicon Valley. The new valuation follows an investment round that raised $600 million for the payment processing firm.
Boston-based FinTech Flywire submitted a draft registration statement with the U.S. Securities and Exchange Commission (SEC) in another step toward an initial public offering (IPO). Pricing and amount of shares have not been decided yet.
Ghost Kitchen Brands (GKB) has teamed up with Walmart Canada to open five ghost kitchens in-store. Customers can order freshly prepared meals in-store and online, for contactless pickup or delivery from third-party apps like Uber Eats.
Forty-five percent of independent sit-down restaurant customers would spend more if eateries offered loyalty programs. In the March edition of Delivering On Restaurant Rewards, PYMNTS surveyed 2,130 consumers to learn which loyalty-focused and digital features give independent restaurants a competitive edge in a post-pandemic world.
Passwords are an analog ID solution in a digital world. Simon Law, CEO and co-founder of LoginID, told Karen Webster that is changing with the emergence of new authentication methods tied to other high-tech methods that are on the horizon. He gives us the scoop.
Across the globe, consumers are sitting on about $2.9 trillion savings with about half of that in the U.S. Many analysts are saying this unprecedented amount of savings will be the real driver in the post-COVID-19 economic recovery. However, others have tempered their optimism.