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Institutions that are already on the fence about joining the peer-to-peer network are expected to balk at the expense of standardized scam reimbursement, industry experts say. Small banks aren't openly opposing the concept yet, but many say they're still cautious about P2P.
Bermuda launches a stablecoin; Canada cracks down on crypto; big banks make high-profile payment appointments, and other news.
The payments firm is staffing up as it accelerates its expansion in the U.S., and anticipates a pool of available tech workers.
Virtual gift cards have lagged plastic in popularity, but consumers could give them a second look in light of a surge in theft of paper checks and gift cards sent through the Postal Service.
The payments company has expanded digital-asset management services to Luxembourg, a potential foothold for European Union expansion.