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Information Technology : Software | Small Cap Value
Company profile

BTCS Inc. is focused on blockchain and digital currency ecosystems. The Company through, its blockchain-infrastructure operations, secures disruptive blockchains and operates validator nodes on various proof of stake-based blockchain networks. Its Blockchain infrastructure operations are defined as earning a reward for securing a blockchain by validating transactions on that blockchain. There are two consensus mechanisms used to secure blockchains, such as proof-of-work (PoW), in which nodes dedicate computational resources, and proof-of-stake (PoS), in which nodes dedicate financial resources. It uses its blockchain infrastructure to operate validator nodes on various PoS-based blockchain networks. The Company is also developing a Digital Asset Dashboard, which allows users to evaluate their crypto portfolio holdings across multiple exchanges and chains on a single platform. The dashboard utilizes digital asset exchange's application programming interfaces (APIs).

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Walmart and Target among 1,600 merchants calling for credit-card fee law, says WSJ

6:53 am ET September 14, 2022 (MarketWatch)

Merchants such as Target Corp. [s] and Walmart Inc. signed on to a letter asking Congress to pass a law that would require options for the routing of credit-card transactions over alternative networks, according to The Wall Street Journal. Sen. Dick Durbin, an Illinois Democrat, and Sen. Roger Marshall, a Kansas Republican, who introduced such a bill back in July, said that alternate routing options would increase competition and lead to lower swipe fees when people use many Visa Inc. and Mastercard Inc. credit cards. "Swipe fees for credit cards are higher in the United States than anywhere else in the industrialized world-more than seven times as high as Europe," a group of more than 1,600 merchants said in their letter, the Journal reported Wednesday. Debit cards already carry a requirement for routing options in most cases. Visa Chief Financial Officer Vasant Prabhu addressed the proposed legislation at a Goldman Sachs conference earlier this week, saying that there is already "a ton of competition" in the credit-card business and that reductions in interchange fees as a result of any new laws could impact the rewards landscape for consumers.

-Emily Bary


(END) Dow Jones Newswires

September 14, 2022 06:53 ET (10:53 GMT)

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