Payments News

On The Web

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Companies

Facebook Needs Users to Shop, Not Drop

“Facebook is still riding a pandemic high, with ads successfully driving impulse purchases of everything its users didn’t even know they wanted. But longer term it will need to become more of a destination for users to buy exactly what they know they need. On Wednesday, Facebook reported strong first-quarter revenue that handily beat Wall […]
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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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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 […]