{"id":19258,"date":"2022-06-08T11:55:30","date_gmt":"2022-06-08T11:55:30","guid":{"rendered":"http:\/\/egrowonline.com\/?p=19258"},"modified":"2022-06-08T11:55:30","modified_gmt":"2022-06-08T11:55:30","slug":"cryptocurrency-a-threat-to-the-safety-of-global-payment-systems-starling-ceo-says","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=19258","title":{"rendered":"&#8216;Cryptocurrency A Threat To The Safety Of Global Payment Systems,&#8217; Starling CEO Says"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p class=\"core-block\">The CEO of\u00a0<strong class=\"core-block\">Goldman Sachs\u00a0<\/strong><span class=\"ticker\" data-ticker=\"GS\" data-exchange=\"NYSE\">GS<\/span> backed digital bank Starling has stepped up her criticism of cryptocurrency, calling it a threat to the security of payment infrastructure,\u00a0<a target=\"_blank\" class=\"editor-rtfLink\" href=\"https:\/\/www.cnbc.com\/2022\/06\/08\/crypto-threatens-safety-of-payment-schemes-starling-boss-warns.html\" style=\"color:#4a6ee0;background:transparent;margin-top:0pt;margin-bottom:0pt\" rel=\"noopener\">reported CNBC<\/a>.<\/p>\n<p class=\"core-block\">\u201cIt is very dangerous,\u201d Anne Boden, who established Starling in 2014, cautioned at the Money 20\/20 fintech conference in Amsterdam on Tuesday.<\/p>\n<p class=\"core-block\">\u201cA lot of crypto wallets are being connected directly to payment schemes,\u201d Boden stated. \u201cThis is a threat to the safety of our payment schemes around the world.\u201d<\/p>\n<p class=\"core-block\">Starling, based in the United Kingdom, provides fee-free checking accounts and loans via an app.<\/p>\n<p class=\"core-block\">Major payment processors are adopting cryptocurrencies; for example, PayPal now allows customers to exchange bitcoin and other cryptocurrencies.<\/p>\n<p class=\"core-block\"><strong class=\"core-block\">Related<\/strong>:\u00a0<a target=\"_blank\" class=\"editor-rtfLink\" href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/22\/06\/27601706\/paypal-converts-to-a-full-virtual-currency-license-in-crypto-push\" style=\"color:#4a6ee0;background:transparent;margin-top:0pt;margin-bottom:0pt\" rel=\"noopener\"><em class=\"core-block\">PayPal Gets A Full Virtual Currency License In Crypto Push<\/em><\/a><\/p>\n<p class=\"core-block\">Regulators are concerned that the banking system is getting more intertwined with the unpredictable world of cryptocurrency.<\/p>\n<p class=\"core-block\">\u201cCustomers are being scammed,\u201d the Starling chief said Tuesday. \u201cWe\u2019re spending far more of our time protecting customers from the scammers than we are trying to promote crypto.\u201d<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/22\/06\/27604245\/cryptocurrency-a-threat-to-the-safety-of-global-payment-systems-cnbc\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The CEO of\u00a0Goldman Sachs\u00a0GS backed digital bank Starling has stepped up her criticism of cryptocurrency, calling it a threat to the security of payment infrastructure,\u00a0reported CNBC. \u201cIt is very dangerous,\u201d Anne Boden, who established Starling in 2014, cautioned at the Money 20\/20 fintech conference in Amsterdam on Tuesday. \u201cA lot of crypto wallets are being [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":19259,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[36],"tags":[467,52,270,588,2927,8832,2500,3289],"class_list":["post-19258","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-ceo","tag-cryptocurrency","tag-global","tag-payment","tag-safety","tag-starling","tag-systems","tag-threat"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/06\/bitcoin-2868703_1920.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/19258","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19258"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/19258\/revisions"}],"predecessor-version":[{"id":19260,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/19258\/revisions\/19260"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/19259"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19258"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}