Capital One was the most downloaded US banking app between January and April 2022, with 5.0 million net new installations. Digital-only contender Chime took the No. 2 spot, with 4.7 million, while Chase came in third, with 4.1 million net new installs.
The Fiserv-owned firm launched BentoBox Payments, which consolidates order management and payment processing, to help attract more customers.
Much of the UK financial system relies on a few key tech providers. But such concentration could lead to big risks if left unchecked.
Otherwise, the Center for European Reform said CBDCs risk becoming an “expensive failure.”
PayPal users can send cryptos to other users free of charge—and to external wallets and exchanges, but they’ll need to pay network fees.
The program will work across financial institutions, and eventually across sectors. It could help shape standards for new tech.