Latest news with #AdamLowe
Yahoo
22-04-2025
- Business
- Yahoo
CompSecure integrates cold storage wallet with MoneyGram
CompoSecure has integrated its Arculus Cold Storage Wallet with MoneyGram Access, allowing users to conduct cash transactions with the Circle USD Coin (USDC) at MoneyGram locations. This collaboration positions Arculus as the inaugural hardware wallet to offer such a service with MoneyGram Access, enabling the conversion of physical cash into digital currency. The service permits consumers to exchange cash for USDC on the Stellar blockchain and store their digital currency in the Arculus Wallet. The partnership allows users to withdraw cash in local currency at over 440,000 MoneyGram retail sites across more than 200 countries and territories, the remittance firm said in a statement. Additionally, Arculus has received a grant from the Stellar Development Foundation (SDF) to integrate payments from self-custody crypto wallets into traditional payment systems through smart contracts. The grant will also help CompoSecure expand stablecoin payments by developing Soroban smart contracts for Stellar's DeFi Pay system. These contracts will enable payments from self-custody wallets through traditional payment networks like Visa or Mastercard. CompoSecure and Arculus chief product and innovation officer Adam Lowe said: 'This integration enables people to convert physical cash into digital dollars on the highly performant Stellar blockchain and store those digital dollars securely, giving them complete autonomy and control over their assets.' The Stellar network, which the SDF supports, is designed to facilitate the tokenisation and exchange of various forms of value, such as different currencies, to promote global financial interoperability. MoneyGram Access general manager and partnerships head Jon Lira stated: 'At MoneyGram, our vision is to create a world where everyone can thrive without financial borders, creating a future of shared prosperity and opportunities. With MoneyGram Access, we are breaking down barriers by making digital currencies more accessible to everyone—including the hundreds of millions globally who rely on cash.' Earlier this month, MoneyGram partnered with Mastercard to adopt Mastercard Move, an initiative aimed at enhancing the digital transfer of money within the US and internationally. "CompSecure integrates cold storage wallet with MoneyGram " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
27-03-2025
- Politics
- Yahoo
Tennessee Senate targets school boards, superintendents associations
Sen. Adam Lowe, a Calhoun Republican. (Photo: John Partipilo) Republican senators are putting Tennessee school board and superintendent associations in their cross-hairs after a bruising fight this year over the governor's private-school voucher bill. Sen. Adam Lowe, a Calhoun Republican, is sponsoring Senate Bill 2017, which would prohibit school districts from joining organizations that use public funds or dues to pay lobbyists. The bill, which Lowe postponed Tuesday for discussion until 2026, clearly targets Tennessee's school board and superintendent associations. In addition to the legislation, Republican members of the Senate Education Committee notified the Tennessee School Boards Association last week that it's asking the group to voluntarily provide all communications between the association and its members regarding private-school vouchers by April 5. A letter signed by Senate Education Chairman Dawn White and several other Republican members of the committee on March 19 says the discussion surrounding Gov. Bill Lee's plan 'created a situation where a great deal of information concerning the bill's purpose, provisions, and elements were misrepresented to local communities, boards, councils and commissions… we understand that opinions may vary in these contentious moments, facts do not.' The Republican lawmakers want to know how the association communicated with its members to cut through 'any speculation and misunderstanding that might have occurred during the public discourse' on the bill. The voucher bill narrowly passed the House and Senate during a February special session called by Gov. Bill Lee, enabling the state to set up a program to give $7,000 scholarships to students statewide to enroll in private schools, costing about $220 million annually. Roughly two-thirds of the students who are expected to receive the state money are enrolled in private schools already. Part of the bill, which Lee signed into law a month ago, contains a provision to give teachers a $2,000 bonus. White said Wednesday the school boards association might have told its members wrongly that boards had to approve a resolution saying they support the voucher program to receive the bonus. 'We just want to get to the bottom of this and see what really was told, what wasn't told,' White said. Lowe's companion bill, which is sponsored by Republican Rep. Mary Littleton of Dickson, passed the House Education Committee Tuesday but now is on hold. Lowe said he didn't want associations whose members paid dues using public funds to use 'taxpayer dollars to lobby against taxpayer interests.' 'They're using general fund money paid for by taxpayers, and they'd be lobbying against the interests of the very people who gave them the money,' Lowe said. Lowe denied that his bill targets the school boards association, though he said it was 'apparent' the group opposed the governor's bill. 'I don't think it's punitive at all, but it is revelatory,' he added. Tennessee has dozens of government-affiliated groups that lobby the legislature, ranging from cities that hire their own lobbyists to associations representing mayors and sheriffs. Republicans have long complained about government-affiliated groups using public funds for lobbying, including state departments. But these groups have argued that without the ability to lobby, business interests would have the upper hand in dealing with lawmakers. Lowe said under his bill that the school board and superintendent associations would need private funds or some other 'pot of money' to continue lobbying the legislature. Representatives of the Tennessee School Boards Association and Tennessee Organization of School Superintendents could not be reached for immediate comment Wednesday.
Yahoo
28-02-2025
- Sport
- Yahoo
How to watch the TSSAA Legislative Council one-time transfer proposal decision
The TSSAA Legislative Council will hold a specially called meeting Monday to discuss a proposal that would allow athletes one transfer to another school without loss of eligibility if the move is for reasons unrelated to athletics. The TSSAA's proposal comes as Tennessee legislators consider House Bill 25, which if passed into law would change TSSAA transfer rules to allow athletes one free transfer without eligibility restrictions. Senator Adam Lowe, R-Calhoun, a co-sponsor of the bill, described the TSSAA's new proposal as 'tone deaf.' The discussion highlights the tension between school choice legislation and what some believe to be a fair-play issue in high school sports. More: TSSAA Legislative Council to review new one-time transfer proposal at special meeting Legislators and the TSSAA have communicated for more than a year about the TSSAA's transfer rules, with TSSAA member schools wishing to keep the long-standing bylaw that requires athletes who leave one school for another in a different zone to be ineligible for one calendar year from their last varsity game unless they have a bona fide change of address. Legislators are pushing to make the rule less restrictive. Their interest increased leading up to the Tennessee legislature's approval of a $447 million statewide publicly funded school voucher program. The TSSAA Legislative Council meeting will begin at 10 a.m. on Monday, March 3 and be streamed live by the TSSAA staff in conjunction with the NFHS Network. ● How to watch: TSSAA streaming page. Reach sports writer Tyler Palmateer at tpalmateer@ and on the X platform, formerly Twitter, @tpalmateer83. This article originally appeared on Nashville Tennessean: TSSAA one-time transfer: How to watch Legislative Council meeting vote
