
Emily Mason
Reporter at Bloomberg News
I cover fintech and crypto for @business. Find my byline in @Forbes, @ForbesCrypto, @amNewYork, @GothamGazette, @nyunews
Articles
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1 week ago |
news.bloombergtax.com | Emily Mason
Stripe Inc. is launching stablecoin-funded accounts in more than 100 countries, allowing merchants to hold funds and pay vendors internationally. The accounts will use Circle Internet Group Inc.’s dollar-tracking token USDC as well as the USDB stablecoin issued by Stripe’s recently-acquired Bridge unit. Stripe, which is known for helping online businesses accept payments, is moving toward becoming its own financial ecosystem where companies can easily pay each other within its network.
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1 week ago |
news.bloomberglaw.com | Emily Mason
Stripe Inc. is launching stablecoin-funded accounts in more than 100 countries, allowing merchants to hold funds and pay vendors internationally. The accounts will use Circle Internet Group Inc.’s dollar-tracking token USDC as well as the USDB stablecoin issued by Stripe’s recently-acquired Bridge unit. Stripe, which is known for helping online businesses accept payments, is moving toward becoming its own financial ecosystem where companies can easily pay each other within its network.
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1 week ago |
bloomberg.com | Emily Mason
Stripe Inc. offices in South San Francisco, California. (Bloomberg) -- Stripe Inc. is launching stablecoin-funded accounts in more than 100 countries, allowing merchants to hold funds and pay vendors internationally. The accounts will use Circle Internet Group Inc.’s dollar-tracking token USDC as well as the USDB stablecoin issued by Stripe’s recently-acquired Bridge unit.
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1 week ago |
news.bloomberglaw.com | Emily Mason
Shares of Block Inc. sank in late trading after the digital-payments company led by Jack Dorsey posted first-quarter results below analysts’ estimates and lowered its full-year profit guidance as a result of a more challenging macroeconomic environment. The company said it now expects gross profit to grow 12% to $9.96 billion this year, down from its previous expectation of at least $10.22 billion.
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1 week ago |
bloomberg.com | Emily Mason
Block CEO Jack Dorsey(Bloomberg) -- Shares of Block Inc. are on a downward spiral after the parent of the popular money-transfer app Cash App reported results that suggest weakness in the company’s efforts to convert millions of active users into full-fledged banking customers.
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