Five at Five: Walmart Has A New Blockchain Idea

Welcome to Five at Five, your late look at the day’s payments and commerce news. Today, we have two stories about the latest developments involving blockchain, along with a report regarding the most recent fallout from the Wells Fargo sales scandal. Carrefour has an eCommerce progress report, and there is a new ride-hailing insurance product.

Walmart Looks Into Blockchain Electric Bill System

The retail chain is looking into a system that would let households manage their electricity bills through cryptocurrency.

Ripple Gives $2M To Texas University For Blockchain Research

Through the initiative, graduate students and faculty may potentially receive funding for projects.

Wells Fargo Receives Approval To Settle $142M Suit

The bank said that it has received final approval from a California court to settle a class action suit. The $142 million suit sought to compensate customers impacted by a sales scandal.

Carrefour’s CEO Reports Progress On Digital Alliances

CEO Alexandre Bompard explained that the retailer’s expansion in digital commerce was an “absolute” priority as the company faces competition from online rivals.

Chubb And Sure To Offer Ride-Hailing Passengers Insurance

Chubb and Sure has created a product that gives passengers of ride-hailing apps accident and death coverage on a per-day basis.

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The Supply Chain’s Weakest Link: Payments

The weakest link in any supply chain, particularly across borders, can be payments. Brian Jamieson, CEO and co-founder of Centtrip, tells PYMNTS in the latest edition of the Faster Payments Tracker that leveraging faster, even real-time payments can help corporates mitigate the high FX costs and the risk of delayed payments. With the trillions of dollars of cross-border transaction volume, Jamieson says that keeping those supply chains strong by optimizing payments across them is now essential.

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