Coinbase, Open Banking Top This Week’s News

In this week’s news, we saw news that Coinbase debuted a crypto savings account. Also, new insights have emerged on subscription conversions and open banking. The Weekender is here to catch you up. 

News

Coinbase’s New Stablecoin Account Could Yield 50x More Than Traditional Savings Accounts

News came this week that digital currency exchange Coinbase has introduced a digital currency savings account that pays 4 percent interest (annual percentage yield) in return for the ability to lend out the USD Coin (USDC) stablecoin.

Venmo Raises P2P Fees, To Charge Goods, Services Providers

With new Venmo rules, users who get payments that are designated for merchandise and services will be charged a 1.9 percent transaction fee in addition to 10 cents.

PayPal Zettle US Launch Brings ‘Commerce In Box’ To SMBs

PayPal has revealed the rollout of PayPal Zettle, a digital point of sale (POS) solution, for small companies in the United States.

Payoneer Eyes ‘Growing Universe’ Of Connected Opportunities After $3B SPAC Listing

Payoneer started trading on the Nasdaq this week, having wrapped up its special purpose acquisition company (SPAC) merger with FTAC Olympus Acquisition Corp. and now starting on its new life as Payoneer Global Inc.

The Creative Destruction Of Banking: Aspiration Or Ultimatum?

The economic principle of replacing current business workflows and models with innovative and more efficient ones is nothing new. In banking, it’s more recently evolved into a burning issue, as banks’ clients and the competition have accelerated the need to have that mindset.

Trackers And Reports

46 C-Suite Executives On The Irreversible Rise Of Digital Transformation

Almost three dozen chief executives, C-suite executives and senior corporate leaders spoke with PYMNTS for its Q2 eBook on what the world like as recovery continues and the next version of normal rolls out.

NEW DATA: Promotions Boost Subscription Conversions 25 Pct

PYMNTS research uncovered three important strategies that companies can harness to win over more subscription curious individuals, with cross-promotion as one of the most important.

Wells Fargo On Tapping Open Banking Solutions To Help Merchants Personalize Payments

Harnessing application programming interfaces (APIs) that let retailers, banks and other relevant parties to share money and information between them can help create the seamlessness and speed clients are expecting.

PYMNTS explores why using APIs and related open banking technologies can enable retailers to satisfy the shifting expectations of consumers.

Fun, Cool And Otherwise Interesting

Dating App Bumble Creates Physical Touchpoint With New Branded Restaurant

Dating app Bumble will open its inaugural Bumble Brew café and wine bar in late July in the SoHo district of New York City.

Underbanked Consumers Primed To Move Beyond Basic DDAs

In the digital era, a mobile device provides access to an ever-evolving stream of banking services by making it simple for people to harness financial tools to help them bolster their financial well-being.

NYC Restaurant Has A Solution For Remote Work ‘Laptop Squatters’

New York City restaurant and wine bar Kindred began renting out its tables in September of last year for $25 for the day, which encompasses limitless coffee refills, charging stations, access to the web and bathroom use.

Robinhood SEC Filing Shows Subscriber Growth – And Growing Pains  

Robinhood said it had 18 million net funded accounts on its platform, marking a sizable increase from the12.5 million seen a year prior in March.

Amazon Hopes Dash Shelves Can Go The Distance Where Dash Buttons Didn’t 

Amazon’s continuing effort to digitize consumer shopping has taken its newest step forward with the rollout of the Dash Shelf, its latest gadget.

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NEW PYMNTS DATA: MAKING LOYALTY WORK FOR SMALL BUSINESSES STUDY – UK EDITION

About The Study: U.K. consumers see shopping local as key to both supporting the economy and saving the environment, yet many local High Street businesses struggle to get them in the door. In the new Making Loyalty Work For Small Businesses Study, PYMNTS surveys 1,115 U.K. consumers to learn find out how offering personalized loyalty programs can help engage new High Street shoppers.

This news is republished from another source. You can check the original article here

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