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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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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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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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H&M’s Ambitious Expansion Plans

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Despite reporting quarterly losses, it seems H&M is bent on getting bigger. The Sweden-based fast-fashion mega firm claims that currency headwinds pushed their profitability losses to the 30 percent range in Q1, and that undaunted they will continue to aggressively forge forward in opening online and physical stores.

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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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Big Fizzles For Once High-Flying Unicorn Investors

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The problem with large investments – the type that run into the billions of dollars – is that just as gains can be astronomical, the losses can be devastating. Promises to disrupt the way business has always been done are exciting, yes, but profits matter. Emily Dickinson once wrote that “hope is the thing with feathers.”