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Bitcoin Daily: Ripple Surges, Chinese Billionaire Dumps Blockchain

PYMNTS

But with the market cap of Ethereum only slightly below that of Ripple — combined with the weak volume of XRP — it is likely that Ethereum will regain its position as the second-most valuable cryptocurrency soon. In fact, the IRS, ICE and FBI made up 85 percent of the total spending combined. The second-highest spender is the U.S.

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ID Verification, Insurance AI, Stimulus Funds Top This Week’s News

PYMNTS

We have deep dives into identity verification as well as artificial intelligence (AI) for insurance in addition to IRS stimulus funds. IRS $1,200 Stimulus: Why Your Check Is Not In The Mail. The market cap of Netflix was neck and neck with Disney ’s per a past report, at a respective $185 billion and $192 billion.

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FinTechs Help Banks Ease The PPP Lending Pain

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Wells Fargo said the Fed’s cap on growth limited its ability to provide PPP financing. JPMorgan Chase warned customers it would have to wait for Small Business Administration (SBA) guidance before it could start accepting applications. Biz2Ctredit said “existing partners” have already signed on to use the solution in the coming weeks.

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Bitcoin Tracker: Smooth(ish) Sailing?

PYMNTS

Bitcoin’s current estimated market cap is over $14.5 Stateside, the battle between Coinbase and the IRS is heating up. The IRS seeks access to Coinbase’s user records as part of an investigation into alleged tax violations connected to digital currency. At the time of writing, bitcoin was valued at $894.34 , up 1.14

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Healthcare Payments AI, Subscription Churn, Turbo Tax Tool For Stimulus Payments Top This Week’s News

PYMNTS

Wells Fargo To Cap SMB Bailout Loans at $10 Billion. The first round of help was forecast to reach those who had provided the Internal Revenue Service (IRS) with direct deposit information in the past. Amazon Shipping , which is a competitor to FedEx and UPS, launched in beta in Los Angeles and London.

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Deep Dive: Why The US Treasury Adopted Debit Rails To Disburse Stimulus Funds

PYMNTS

The federal government announced in early April of 2020 that it would take the IRS until the week of May 4 to begin issuing checks, and it would then churn out five million per week for about 20 weeks. Some states place caps on these charges — Pennsylvania limits check cashers to 1.5

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What Is an HSA?

Payment Savvy

Those health plans are refined every year by the Internal Revenue Service (IRS), which establishes the minimum deductible and maximum deductible amount that a plan holder can spend with their own money per year. For an individual to be eligible to open an HSA, they must meet certain eligibility requirements established by IRS.