In today’s top news, $50 billion worth of cryptocurrency was transferred out of China, and Uber Health and NimbleRx have teamed on prescription delivery. Plus, Amazon has put some hiring on hold for its Alexa operation.
More than $50 billion of cryptocurrency was transferred from virtual wallets in China to other parts of the world last year, a potential violation of the nation’s strict limits on how much money can be sent abroad.
Uber Health’s delivery services are expanding to include pharmaceutical deliveries in some states through a partnership with NimbleRx, an on-demand prescription delivery program.
Amazon has put some hiring on hold in its Alexa operation amid the pandemic. Supervisors in some areas were reportedly notified that they couldn’t bring in people to take the place of those exiting over a period of multiple months.
Several publishers – including The New York Times and CNBC – petitioned Apple’s CEO Tim Cook to offer a commission structure similar to the one given to Amazon.
In August’s Digital-First Banking Tracker, Jason Powers, senior vice president at Ascend Federal Credit Union, explains how behavioral analytics at the ITM help keep fraudsters away.
Central bank digital currencies (CBDC) are here to stay — if they work. Jim Cunha, senior vice president of secure payments and FinTech at the Federal Reserve Bank of Boston, tells Karen Webster why the Fed is working with MIT to explore digital dollars.
The Main Street Lending Program is not exactly lighting a fire under mid-sized businesses to apply or banks to lend. Even some overseers blast the program as a “failure.” Here’s why the devil is in the details – and why the program may not save Main Street as we know it.