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Meta Platforms-led enterprise Diem Association has decided to sell its technology to Silvergate Capital for USD 200 million, according to CoinDesk, citing The Wall Street Journal.
Diem, Diem Association, Facebook, acquisition
The Paypers has sat with Gabriela Simion and Madalina Stoica from Revolut, Romania to find out more about the payment habits of the local market and the company's plans for 2022
Revolut, digital banking, instant payments, mobile banking
Facebook has announced it will launch the Novi digital wallet tied to the Diem blockchain-based payment system, having received the necessary regulatory clearances.
Facebook, Diem, Diem Association, mobile payments, e-wallet
Ran Goldi founder of First Digital delves into one of the hottest topics – Diem, stablecoins, CBDCs
Diem, PSP, merchant, stablecoin, CBDC, cryptocurrency, cross-border ecommerce, digital assets, banks
The recently announced Diem USD stablecoin is intended as an interim step until the US Federal Reserve issues a central bank digital currency (CBDC) or digital dollar.
Diem, Diem Association, stablecoin, digital dollar, e-wallet, data privacy
Digital currency group Diem Association, formally known as Facebook’s Libra project, has announced plans to launch a US dollar stablecoin.
Diem Association, stablecoin, payment processing, blockchain, cross-border payments
The Paypers' Mirela Ciobanu dives deeper into how digital money can affect cross-border payments, and the challenges merchants have to face when trading internationally
The Paypers, digital money, cross-border payments, trading, COVID-19, ecommerce, currencies, supply, payment methods, regulations, global merchants, payment ecosystem, PSP, CBDC, crypto, stablecoin
Jo Ann Barefoot, Alliance for Innovative Regulation, interview, digitisation, fintech, regtech, digital identity, financial inclusion, financial regulation, fair finance, innovation, technology, financial crime
The Libra Association has announced rebranding plans to distance itself from the original Facebook-led vision rolled out in 2019, according to CoinDesk.
Novi, Facebook, Libra, blockchain, remittances, Diem, Stuart Levey, payments
Facebook’s stablecoin, Libra might get off the ground as early as January 2021, albeit in a more limited format than the original multi-currency basket envisioned, according to CoinDesk.
LibraUSD, LibraEUR, LibraGBP, LibraSGD, Libra, Facebook, stablecoins, regulators
The team behind Facebook’s Libra have done an experimental research into a payments protocol called FastPay that is seven times faster than the Visa system.
Facebook, Libra, permissioned blockchain, payment system, FastPay, Novi, stablecoins
Visa, a large payments processor, has announced it is considering partnership proposals from an increasing number of crypto companies.
Visa, fintechs, cryptocurrency, Visa fast track program, blockchain, crypto lending, partnerships
‘In large parts of the world, Know-Your-Customer (KYC) could be replaced by Known- by-Zuck (KYZ) to the benefit of society as a whole’ ‘The Digital Currency Revolution’ by David Birch
David Birch, Libra, CBDC, Central banks, Facebook, Know-Your-Customer, identity, digital identity, identity verification, digital currency, synthetic hegemonic currency, digital wallets, Novi, Consult Hyperion
‘The principal threat to the role of the dollar as Prime currency comes not from Facebook but from China’ ‘The Digital Currency Revolution’ by David Birch
David Birch, digital currency, central bank digital currency, Facebook, China, trade, economy, central bank reserves, central bank, payments , innovation
Facebook has renamed Calibra, the digital wallet designed to work with its Libra cryptocurrency, to Novi.
Facebook, Libra, Novi, stablecoin, digital wallet, cryptocurrency, KYC, Libra Association
Temasek Holdings, a Singapore-based state investment company, has joined Facebook's Libra cryptocurrency project.
blockchain, artificial intelligence, Facebook Libra, cryptocurrency, Libra Association, Asia
Celo, a competing project to Facebook’s Libra project, has added 50% more new members to its alliance, bringing the total number of supporting organisations to 75.
Celo, cryptocurrency, Libra, Facebook, descentralisation, financial inclusion, tokens, monetary system
Facebook’s digital currency project Libra has unveiled HSBC legal chief and former George W Bush-era terrorism finance head Stuart Levey as its first chief executive.
Stuart Levey, digital currency, cryptocurrency, Libra, Libra Association, money laundering
Checkout.com, a UK-based payments startup, has joined the Libra Association, the digital currency project set up by Facebook in 2019.
Checkout.com, Libra, Facebook, cryptocurrency, Libra Association, Switzerland
MasterCard, Libra Association, regulations, viability concerns, Facebook, cryptocurrency, digital assets, transactions , digital wallet, Calibra, KYC, AML