Cash no longer king: Lloyds says 90 per cent of payments now by contactless card September 2, 2022 Face-to-face transactions in cash are near to becoming extinct, as the pandemic-driven shift to convenient contactless takes hold. New figures from Lloyds Bank claims there has been a huge spike in the use of contactless payments on debit cards rising from 65 per cent in June 2019 to 87 per cent in 2022. The move away [...]
Watch: Rishi Sunak claims McDonald’s wrap is his kids’ go-to order… despite it being removed in 2020 August 18, 2022 Rishi Sunak claimed a McDonald’s wrap is a favourite order at the fast-food giant when with his kids, despite it not having been on the menu for two years. The former chancellor, who is trailing in the Tory leadership race by 32-points to frontrunner Liz Truss, spoke about his struggles with modern technology after previously [...]
Oxford City Football Club Partner with CoinCorner To Accept Bitcoin August 3, 2022 Oxford City FC is the first National League football club to accept Bitcoin and Lightning payments, in a partnership with CoinCorner. Douglas, Isle of Man — Oxford City FC has become the first National League club to accept matchday payments in Bitcoin after entering a multi-year partnership with CoinCorner. The partnership will allow supporters to purchase tickets, [...]
Bitcoin Island: The Isle of Man is Turning Orange July 22, 2022 In April 2015, an article was published on the BBC News website about “Bitcoin Island” – a place where you could use Bitcoin to buy a pint of beer from The Thirsty Pigeon and then scan a QR code to pay for your taxi ride home. The price of one bitcoin was a mere £230, [...]
Travellers to the UK will answer ‘suitability questions’ and undergo ‘automated border screening’ in new immigration plans July 21, 2022 Travellers to the UK will need to answer a set of “suitability questions” and have “automated border screening” without speaking to border force agents as part of the Home Office’s new immigration plans. Home Secretary Priti Patel set out the plans today as part of the country’s new “contactless” digital border. The Permission to Travel [...]
If the FCA is given a mandate for competitiveness, it could set us up for a 2008 re-run July 19, 2022 The Financial Services and Markets Bill is set to be published this week, to reshape our future outside of the European Union. But even with newfound freedom, we must not forget the lessons of the financial crisis. The UK has a chance to rethink the rules that shape our critical finance sector. In the face [...]
Exclusive: London fintech Revolut launches first card reader in venture into physical retail July 5, 2022 London fintech Revolut is making its first venture into physical devices with the launch of a card reader for shops and restaurants. Revolut, which now caters to a global customer base of 18m and garnered a $33bn valuation in its latest funding round, told City A.M. it was launching the device in UK and Ireland. [...]
We won’t be able to create social impact until we learn how to measure its success June 13, 2022 Today, it is more common than before for younger people to think about the ethics of a business before they pull out their contactless cards. So the pressure is on for firms to show their positive impact on society – to attract customers and talent. Morgan Stanley reported recently that millennials are twice as likely [...]
Klarna boss questions Apple competitive practices after buy-now pay-later move June 12, 2022 The boss of fintech giant Klarna has questioned the competitive practices of Apple after the tech behemoth announced it would push into the buy-now pay-later space this week.
CoinCorner Announces World First Bitcoin Lightning Card May 17, 2022 The Bolt Card is a world first contactless card, powered by NFC and the Bitcoin Lightning Network. CoinCorner, a global leader in Bitcoin and Lightning services, is excited to announce The Bolt Card – a world first contactless card, powered by near-field communication (NFC) and the Bitcoin Lightning Network. Using a standard NFC card, the [...]