Payments company PayPal announced the launch of PayPal USD (PYUSD), a stablecoin denominated in US dollars and backed 100 % by US dollar deposits, short-term US Treasury bonds and similar cash equivalents. According to the payment services firm, PayPal USD is redeemable 1:1 for US dollars and will…
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Net profit of Venezuelan banks increased 2,915 %

An increase of 2,915 % in net profit was recorded by Venezuelan banks from January to June of this year, thanks to innovation in the sector, the offer of new products and services, and an increase in the loan portfolio. The amount reached…

Musk offered legal help for users harmed by X

Elon Musk announced that his social networking company X will be in charge of covering the legal expenses of users who have been harmed by their employers due to their participation or publication of content on the platform. In a series of…

Colombian liquor company has an AI robot as CEO

The Colombian liquor company Dictador has as its CEO and image of the company the artificial intelligence humanoid robot called Mika. It is the first case of a robot in charge of the most important decisions of a company, which could feed…

Apple earned 2.25% more in its fiscal third quarter

Apple registered a net profit of 19,881 million dollars in its third fiscal quarter (between April and June 2023), which is 2.25 % more than the 19,442 million dollars obtained in the same period of the previous fiscal year, as reported by…