Payments News

On The Web

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Systems

Circle and Coinbase Open CENTRE Stablecoin Network to New Members

“Cryptocurrency firms Circle and Coinbase are a launching bold effort to make money as easy to move around the world as internet data and content. In a press release sent to CoinDesk on Thursday, Circle said that, since the initial launch of the CENTRE consortium’s US Dollar Coin (USDC) stablecoin, the two firms have been working to […]
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Systems

Report: Facebook Plans to Create Independent Foundation to Manage Its Cryptocurrency; Will Charge Members $10M Licensing Fees for Right to Operate Node – The Block

“Facebook is creating an independent foundation to govern its cryptocurrency, according to a report by The Information. The social media giant has reached out to dozens of financial institutions and tech companies who contribute capital to the foundation and help manage the cryptocurrency’s network. According to The Information’s sources, Facebook plans to license out the […]
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Systems

Circle Will Sunset Its Circle Pay App To Concentrate on Cryptocurrency Projects

““Over its successful, five-year lifespan, Circle Pay was a pioneering social-payment app,” Boston-based Circle said in a Thursday blog post. “Circle Pay has clarified the path forward by highlighting the robust, global demand for people to exchange value as seamlessly as they exchange information. However, that demand largely relied on interfacing with the traditional financial […]
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Companies

Facebook’s Cryptocurrency Partners Revealed—we Obtained the Entire List of Inaugural Backers – The Block

“Facebook has been quietly building out its cryptocurrency for over a year, and it looks like that time has been well spent, enlisting the support of some of the most prominent companies across payments, retail, and technology. As recently reported by The Wall Street Journal, Facebook’s cryptocurrency will be governed by a consortium of firms […]
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Systems

Facebook Unveils Cryptocurrency Libra As an Alternative to Bitcoin

“Facebook Inc. formally announced plans to launch a cryptocurrency called Libra, promising a secure blockchain-based payment system backed by hard assets and designed for mainstream users. Facebook named early Tuesday a series of big, corporate partners —including financial-services heavyweights Mastercard Inc. and PayPal Holdings Inc. and tech giants Uber Technologies Inc. and Spotify Technology S.A.—that […]
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On The Wires

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Deals

Ripple Announces Strategic Partnership With Money Transfer Giant, MoneyGram

“Ripple, a provider of leading enterprise blockchain solutions for global payments, has agreed to enter into a strategic partnership with MoneyGram (NASDAQ: MGI), one of the world’s largest money transfer companies. Through this partnership, which will have an initial term of two years, Ripple would become MoneyGram’s key partner for cross-border payment and foreign exchange […]