PYMNTS AM Radar: Stablecoins are not so stable

It’s Tuesday (May 24) and there’s a world shortage of 43 million health care workers. Meanwhile, the rare monkeypox virus begins to make headlines, Airbnb quits China, the World Economic Forum is in full swing, President Biden is in Tokyo, and G-7 nations pledge $20 billion to India. Ukraine. Here’s what should be on your radar this morning.

Stability Rework. As crypto-assets become increasingly intertwined with traditional markets, financial stability could be shaken, the European Central Bank (ECB) has said. Stablecoins are not as “stable as their name suggests and cannot be guaranteed to be pegged at all times,” the ECB said, even though the market capitalization of the crypto-asset space is around seven times higher. important than it was in 2020. READ MORE

FedNow Pre-Launch. As the FedNow pilot program moves into a pre-launch operational phase, payment service demand is fundamental to its “instant payments value proposition,” said Nick Stanescu, Boston Fed senior vice president and commercial director of FedNow Service, to Karen Webster of PYMNTS. . READ MORE

Nursing payments. One approach to tackling the nursing shortage while reducing burnout is to provide nurses with schedule flexibility and faster wages, said Wei Deng, CEO and founder of Clipboard Health. Deng noted that her company’s app allows nurses to create their own schedules for better work-life balance and also offers them the option of getting paid immediately after their shift. READ MORE

Better billing. According to the PYMNTS study Streamlining Bill Payment: How Frictionless Experiences Drive Customer Engagement. READ MORE.

ICYMI. Automation in the restaurant industry takes off in the fried chicken wings category, Kevin Morris, president of Wavemaker Labs and chief financial officer of Miso Robotics, told PYMNTS. The company wants to “build the restaurant or franchise of the future” and is starting by injecting automation into a growing food category that is “very focused on delivery and takeout, yet has… a lot of problems labor”. READ MORE

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NEW PYMNTS DATA: THE TRUTH ABOUT BNPL AND STORED CARDS – APRIL 2022

On: Shoppers who have store cards use them for 87% of all eligible purchases – but that doesn’t mean retailers should start buy now, pay later (BNPL) options at checkout. The Truth About BNPL and Store Cards, a collaboration between PYMNTS and PayPal, surveys 2,161 consumers to find out why providing both BNPL and Store Cards is key to helping merchants maximize conversion.

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