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Bitcoin Daily: Lloyd’s Now Covers Crypto In eWallets; U.S. Treasury Adds Hacker Bitcoin Addresses To Blacklist

PYMNTS

Lloyd’s insurance syndicate Atrium underwrites the policy and is provided by digital currency “lifestyle” service provider Coincover. The policy is reportedly a new insurance type that has a limit that changes with the price fluctuations of covered digital currency assets.

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The Rise Of Payments Laundering

PYMNTS

With payment laundering, APMs such as P2P payments, money service businesses (MSBs), eWallets, mobile payments, prepaid cards, vouchers, bank debits and credits or linked bank accounts and cryptocurrencies become fertile territory for fraud and crime. Flushing Out the Hustlers.

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Fintech Fundings: 36 Companies Raise $480 Million Week Ending March 18

Fintech Labs Insights

eWallet & mobile payments. Tags: SMB, lending, investing, underwriting, commercial loans, P2P, Finovate alum. Source: Crunchbase. Wheels Financial (aka LoanMart ). Alt-lender focused on lending against existing automobile titles. Latest round: $100 million Debt. Total raised: Unknown. HQ: Encino, California. Source: Crunchbase.

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Grabbing Hold Of The Gig Economy’s Long Tail

PYMNTS

Also, noted Ting, eWallets are gaining ground, with holders treating them like bank accounts. Against that backdrop, the risk underwriting becomes important. “The caveat is that the global marketplace has the challenge of having to open up bank accounts around the world … and manage balances in different currencies,” he added.

Economy 40
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What’s Next For Payments In The Next Decade: The Seven 2020 Trendlines

PYMNTS

2020 Trendline Three: From The eWallet To The Everyday App Ecosystem. With that access will come the visibility necessary to build a credit and financial history, which could pave the way to credit and microloans, as innovators use data and artificial intelligence (AI) to underwrite risk and build credit profiles.

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Welcome To The Connected Economy

PYMNTS

2020 Trendline Three: From The eWallet To The Everyday App Ecosystem. With that access will come the visibility necessary to build a credit and financial history, which could pave the way to credit and microloans, as innovators use data and artificial intelligence (AI) to underwrite risk and build credit profiles.

Economy 69