China has rolled out limited testing of a new digital currency designed by the central bank. The digital currency is being rolled out in four cities, and in some cases government employees will have part of their salary paid in the new money for use in certain designated transactions such as covering the cost of commuting. China’s digital currency resembles bitcoin, but without anonymity,...
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Stripe in Talks to Raise Up to $3 Billion From Current Investors
Less than a week after telling employees that it would evaluate a public offering over the next year, payments giant Stripe is moving quickly on a deal to raise as much as $3 billion from its existing investors. The talks, which have heated up in recent days, are likely to value the company at between $55 billion and $60 billion, according to one person involved in the potential deal....
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