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Swedish Krona Continues To Fall Amid Other Currency Upheavals

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The currency decline continues: The Swedish krona fell Wednesday (Aug. The decline comes amid political uncertainty in that Nordic country, the prospect of a widening trade war that could hurt it and increasing attention to the benefits of currency hedging among commerce and payments businesses. Such lows were last seen in 2009.

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Bitcoin For Night Owls

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Growing impatient waiting for their ETF fund to be listed and to boost bitcoin trading, the cofounders of the Gemini Trust Company, a digital currency exchange based in the U.S., are introducing a daily bitcoin auction so that the currency can be traded any time. dollars, but this is expected to expand to more currencies later.

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Treasurers Beware: FX Risk Is Not What It Used To Be

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For many firms, these trends are forcing the introduction of an FX strategy on a company for the very first time, and when corporate treasurers aren’t prepared, they can run into complications beyond the cost of currency exchange. A recent controversy at American Express highlighted that risk for SMBs.

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Pandemic Supply Chain Pivots, Cross-Border Conversion, P2P Payments Top This Week’s News

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Visa, Facebook Link Up For P2P Payments, eCommerce On WhatsApp. FDIC: US Banks See Chargebacks Soar, Profits Tank Due To Pandemic. Bank profits in the United States took a 69.6 The profits just hit $18.5 The profits just hit $18.5 percent hit for Q1 compared to the same period in 2019. Why Digital’s 3.0

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Ubiquity And The Holy Grail Of Rewards (And Rewards Points)

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Rewards as currency might be among the best ways to enhance shopping, boost consumer loyalty and give some flexibility in what – and why – people buy. The expectation of rewards is that “this is the ultimate coveted currency. I expect that currency to be flexible and meaningful and to reward me.”. If done right.

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Retail Pulse: Williams Sonoma Opens, Closes Doors

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More retailers are adopting the view that closing stores isn’t a failure or a loss, but simply a pathway to greater success. This modest debt could, if necessary, be paid off with one year’s net profits, providing a very effective buffer against the likely interest rate rise in the coming years.

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Sizzle Or Fizzle: Bitcoin Busts, Payments Get Faster And The Eyes Have It

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Now why, you might ask, would the biggest retailer in the world buy an eCommerce site that was facing a mega cash crunch in December and had to raise a whopping $550M just to keep the lights on? It wasn’t because it has the secret to running a profitable eCommerce site or success in monetizing memberships a la its CEO’s alma mater, Amazon.