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Consumer Reports Ranks Apple Pay Cash Above Venmo, Zelle

This year an estimated 79 million Americans are expected to utilize peer to peer (P2P) payments services, marking a 24% increase over 2017. With this growing popularity, the P2P landscape has evolved in recent months — including the revelation that Zelle is now leading the pack after overtaking Venmo. Now...

Square Sees More Profits from Crypto but Tempers Expectations

Just a couple of months ago Square was celebrating their approval to sell Bitcoin in the state of New York. On the heels of that achievement, the company now reports that it saw profits from selling the cryptocurrency double in the second quarter of the year. However, despite Square CEO...

Apple Pay Expected to Lead OEM Wallets as Contactless Payments Grow

New data from Juniper Research shows that contactless payments could reach a major milestone even earlier than expected. According to the firm's report, contactless transactions are on track to surpass $1 trillion in 2018 (a year earlier than previously estimated) and are anticipated to exceed $2 trillion by 2020. Additionally...

Snapchat to Shut Down Snapcash P2P Feature

More than three and a half years after Snapchat first allowed users to send money to each other using the platform, the app has announced it will be disabling their Snapcash feature next month. The news was first discovered by TechCrunch who noticed some interesting code in the Android version...

Bitcoin Rallies to 60-Day High as Good News Abounds

Is Bitcoin back on track? It's a question that's been asked before but the past couple of months have been particularly good (or at least not bad) for the cryptocurrency market. As a result Bitcoin (the most popular cryptocurrency) reached a two-month high this week. As Forbes reports, Bitcoin managed...

Morgan Stanley Upgrades FinTechs, Payment Companies

Morgan Stanley is apparently still taking a shine to the FinTech sector despite downgrading the broader tech sector just a week ago. As MarketWatch reports, Morgan Stanley's James Faucette recently upgraded the payments industry on the whole to "attractive," even declaring, "These are some of the best businesses there are." The upgrade...

Opera Mobile Browser Introduces Crypto Wallet Feature

These days it seems that one of the quickest ways to get attention for your company is to utter the words "blockchain" or "cryptocurrency." While some have used this reality to fuel various gimmicks and promotions (see: Oscar Meyer), others have managed to integrate crypto into their existing products in a...

Protecting Your Devices From Cryptojacking

Editor's note: This is a post from the Federal Trade Commission that we think is of interest to Dyer News readers. Instead of min(d)ing their own business, are scammers using your computer as their virtual ATM? Three years ago, the FTC warned the public and took action against cryptojacking. That’s where scammers use your...