Payments News

On The Web

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Systems

It’s Not Time to Write Libra’s Crypto Obituary Just Yet

“The very idea of a partnership with government will have a certain class of cryptocurrency advocates retching. But the good news for them is that this is not a zero-sum game. The creation of fiat-backed digital currencies will, I believe, elevate bitcoin’s status beyond that of gold as the key uncorrelated safe haven for avoiding […]
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Systems

The Best Thing About Libra Is Often Overlooked—and Its Creators Explain Why

“Distributed governance is there precisely to make it easier for multiple firms and organizations to participate and engage in the Libra network, which in turn will create more choices for consumers. Without distributed governance, organizations and individuals might be less willing to build on the same platform, reinforcing the fragmentation in payment services we see today. The Libra network is modeled […]
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Systems

Facebook’s Payments Strategy Isn’t Libra, It’s WhatsApp

“In spite—or perhaps because of—the deluge of Libra criticism, Facebook CEO Mark Zuckerberg is poised to testify about the cryptocurrency next week before the US House Financial Services Committee. But while his testimony is expected to focus on Libra and provide a defense of the newly-formed association, lawmakers would be wise to delve into Facebook’s […]
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Systems

Libra’s Ranks Shrink Again As Crypto Group Appoints a Board

“On Monday, the remaining members of the Libra Association held their first meeting in Geneva. If they were in search of clarity, they appeared to gain little. The association said it had agreed on an “interim” articles of association. The document is light on details, apart from the basic mechanics of how the group will […]
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Systems

Moon’s Browser Extension Lets You Pay With Bitcoin on Amazon

“Meet Moon , a three-person startup that lets you pay for stuff on Amazon using bitcoin via the Lightning Network, bitcoin, Litecoin or Ether. The company has released a desktop browser extension for Google Chrome , Brave and Opera…After installing the extension, Moon automatically recognizes when you’re on an Amazon checkout page and inserts the […]
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Systems

Andreessen Horowitz Launches Free Crypto Startup School

“With this initiative, a16z wants to democratize cryptocurrencies. Dixon and the a16z team has been involved in the cryptocurrency/blockchain space for seven years, and the firm now wants to share some of its learnings with entrepreneurs. This way, it could give a boost to the crypto community, which could create investment opportunities for a16z down […]
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On The Wires

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Systems

British Virgin Islands Announces BVI~LIFE™ Digital Currency

“Since 1959, BVI has relied on the United States Dollar as its national currency for business and consumption. In partnership with LIFElabs.io, the government is looking to implement a central digital currency powered by LIFEtoken pegged 1:1 against the United States Dollar for use within the territory. It is expected that this transition will reduce […]