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Seneca Women , Mastercard and Deserve launch credit card to advance women in the economy
The Card by Seneca Women is the first-ever credit card that rewards cardholders when they shop from womenowned businesses and drives donations to women-focused non-profits . Seneca Women , a global leadership and media platform , together with Mastercard and Deserve , have announced a credit card created to advance women in the economy . The Card by Seneca Women , scheduled to launch this spring , is the first-ever credit card to reward cardholders for shopping at women-owned businesses that are included in the Seneca Women Marketplace . The marketplace for cardholders will launch with over one million women-owned businesses . The card also helps drive donations to women-focused non-profits .
“ It was less than 50 years ago that women could be turned down for a credit card based solely on their gender .
“ And today , women continue to face inequalities , from racial and gender pay gaps to lack of access to capital for women entrepreneurs , to disproportionately bearing the economic impact of the pandemic ,” said Sharon Bowen , Seneca Women Partner , Board Member of Intercontinental Exchange and Neuberger Berman , and the first African American Commissioner of the US Commodity Futures Trading Commission .
“ The Card by Seneca Women is part of our answer to these challenges . We believe the card offers a meaningful way to help accelerate gender equality and create a better future for all .”
PayPal to acquire Curv
PayPal has announced that it has agreed to acquire Curv to accelerate and expand its initiatives to support cryptocurrencies and digital assets . Curv is a leading provider of cloud-based infrastructure for digital asset security based in Tel Aviv , Israel .
In October 2020 , PayPal announced its commitment to help shape the role that digital currencies will play in the future of financial services and commerce .
Fernandez da Ponte , Vice President and General Manager , Blockchain , Crypto and Digital Currencies , PayPal . “ During our conversations with Curv ’ s team , we ’ ve been impressed by its technical talent , entrepreneurial spirit and the thinking behind the technology it has built in the last few years .
“ We ’ re excited to welcome the Curv team to PayPal .”
Curv was founded in 2018 by CEO , Itay Malinger , and CTO , Dan Yadlin . PayPal expects to complete the acquisition in the first half of 2021 . Financial terms of the deal were not disclosed .
To drive sustained growth and innovation in this area , the company recently created a business unit focused on blockchain , crypto and digital currencies . Curv will join the newly formed group , with its strong team of technologists adding technical expertise to PayPal .
“ The acquisition of Curv is part of our effort to invest in the talent and technology to realise our vision for a more inclusive financial system ,” said Jose
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