Payments News

On The Web

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Companies

Diem Stablecoin Prepares for Liftoff With Fireblocks Custody Partnership

“Crypto custodian Fireblocks and payments platform First Digital Assets Group are providing connectivity and support to diem, the global stablecoin and payments system formerly known as libra. Fireblocks and First are providing the digital plumbing to allow financial service providers such as banks, exchanges, payment service providers (PSPs) and eWallets to plug into Diem on […]
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Companies

Britain’s competition regulator sets out new regime for tech giants

“Britain’s competition watchdog outlined a new regime for regulating tech giants such as Google and Facebook, saying it needed new powers to harness the full potential of digital markets and drive competition and innovation. It proposed a new, legally binding code of conduct, pro-competitive interventions in the market and enhanced merger rules, overseen by a […]
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Companies

Facebook’s long-awaited libra currency to reportedly launch in a limited form early next year

“Libra, a new cryptocurrency being created by Facebook and others, could launch as soon as January but in a limited format, according to a report from The Financial Times, which cited sources familiar with the matter. The Libra Association, which has 27 members including Facebook, was planning to launch digital versions of several traditional currencies. […]
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Companies

Facebook Financial Formed to Pursue Company’s Payments Plans

“Facebook Inc. unveiled a new group to pursue payments and commerce opportunities and put David Marcus, co-creator of its Libra cryptocurrency project, in charge of the initiative. Called F2 internally, short for Facebook Financial, the team will run all payments projects, including Facebook Pay, the company’s universal payments feature that it plans to build inside […]

On The Wires

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Companies

An Easier Way to Manage Features That Work Across Our Apps

“Switching apps to post the same content or entering your credit card information dozens of times is a pain. We want to make that easier while giving you better controls to manage your experience. Whether you want to share a story to Instagram and Facebook at the same time, or use your Facebook account to […]
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Companies

Making It Easier to Shop and Sell on Our Apps

“Today we’re introducing Facebook Shop, a new place to discover businesses and shop for products in the Facebook app. Facebook Shop makes it easy for people to find products from businesses they love, discover new ones and make purchases, all in one place. We just started testing this in the US and we launched a […]