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PayPal USD Expected to Do Better Than Facebook's Libra in Stablecoin Market
PayPal's stablecoin is likely to succeed where Facebook's failed, thanks to the payment giant's standing in Washington and policymakers' greater understanding of the issues in the last three years. PayPal this month said it was launching PayPal USD, a crypto token pegged to the US dollar, making it the second major global company to launch a stable...
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PayPal Launches US Dollar Stablecoin for Financial Payments, Transfers
Payments giant PayPal said on Monday it has launched a US dollar stablecoin, becoming the first major financial technology firm to embrace digital currencies for payments and transfers. While stablecoins have been around for years now, they are yet to successfully make headway into the mainstream consumer payments ecosystem.
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Former Diem Employees Raise $200 Million Funding for New Layer 1 Blockchain Aptos
Former Meta personnel and key players from the company’s now-defunct stablecoin project Diem have secured $200 million (roughly Rs. 1,525 crore) to build a new project called Aptos — a decentralised Layer 1 blockchain.
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Facebook-Backed Crypto Project Diem Sold After Pushback
The Facebook-backed digital currency project Diem announced Monday the winding down and $182-million (roughly Rs. 1,360 crore) sale of its technology, capping a years-long initiative that drew significant concern from regulators.
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Meta's Novi Wallet, Diem Cryptocurrency Spearhead David Marcus Is Stepping Down
Marcus, the leader of Facebook's "F2" financial division and the co-creator of its Diem digital currency project, is stepping down. He joined Facebook in 2014 after two years as president of PayPal.
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Facebook Partners With Coinbase to Pilot Novi Digital Wallet in the US
Facebook selected USDP in its pilot program because of its track record, and regulatory and consumer protection attributes.
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Facebook Considers Building NFT Features Alongside Digital Wallet
Facebook is considering building products and features related to non-fungible tokens (NFTs), the digital assets that have taken off with the rise of blockchain technology.
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Facebook-Backed Cryptocurrency Project Diem to Launch US Stablecoin in Major Shift
Digital currency group Diem Association, formerly known as Facebook's Libra project, plans to launch a US dollar stablecoin as it scales back its global ambitions to focus on the United States, the group said.
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Facebook-Backed Digital Coin Libra Renamed Diem to Gain Regulatory Approval
Facebook-backed cryptocurrency Libra has been rebranded Diem in a renewed effort to gain regulatory approval by stressing the project's independence.
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Facebook Cryptocurrency Libra to Launch as Early as January but Scaled Back: Report
Facebook's Libra cryptocurrency is reportedly readying to launch as early as January. The Geneva-based Libra Association that will issue and govern Libra plans to launch a single digital coin backed by the dollar.
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PayPal to Allow Customers to Hold Bitcoin, More Cryptocurrencies in Online Wallet
PayPal said on Wednesday it will allow customers to hold bitcoin and other virtual coins in its online wallet and shop using cryptocurrencies at the 26 million merchants on its network.
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Facebook-Backed Libra Taps Ex-HSBC Executive as CFO of Payments Unit
Another former HSBC executive is heading to the Facebook-backed Libra cryptocurrency project, joining as chief financial officer of a unit tasked with managing the planned digital currency's payments system.
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Singapore State Investor Temasek Joins Facebook's Libra Cryptocurrency Project
In April, Libra's governing body said the planned digital currency will be linked to individual national currencies and overseen by global watchdogs, in a scaled-back revamp it hopes will win regulatory approval.
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Facebook-Backed Libra Appoints Stuart Levey as Chief Executive
"Stuart brings to the Libra Association the rare combination of an accomplished leader in both the government, where he enjoyed bipartisan respect and influence, and the private sector where he managed teams spread across the globe," said Katie Haun, a member of the Libra board.
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Facebook's Libra Cryptocurrency Gets Revamp in Response to Backlash
Facebook's planned cryptocurrency Libra will be linked to individual national currencies and overseen by global watchdogs in a scaled-back revamp it hopes will win regulatory approval.
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PayPal USD Expected to Do Better Than Facebook's Libra in Stablecoin Market
PayPal's stablecoin is likely to succeed where Facebook's failed, thanks to the payment giant's standing in Washington and policymakers' greater understanding of the issues in the last three years. PayPal this month said it was launching PayPal USD, a crypto token pegged to the US dollar, making it the second major global company to launch a stable...
-
PayPal Launches US Dollar Stablecoin for Financial Payments, Transfers
Payments giant PayPal said on Monday it has launched a US dollar stablecoin, becoming the first major financial technology firm to embrace digital currencies for payments and transfers. While stablecoins have been around for years now, they are yet to successfully make headway into the mainstream consumer payments ecosystem.
-
Former Diem Employees Raise $200 Million Funding for New Layer 1 Blockchain Aptos
Former Meta personnel and key players from the company’s now-defunct stablecoin project Diem have secured $200 million (roughly Rs. 1,525 crore) to build a new project called Aptos — a decentralised Layer 1 blockchain.
-
Facebook-Backed Crypto Project Diem Sold After Pushback
The Facebook-backed digital currency project Diem announced Monday the winding down and $182-million (roughly Rs. 1,360 crore) sale of its technology, capping a years-long initiative that drew significant concern from regulators.
-
Meta's Novi Wallet, Diem Cryptocurrency Spearhead David Marcus Is Stepping Down
Marcus, the leader of Facebook's "F2" financial division and the co-creator of its Diem digital currency project, is stepping down. He joined Facebook in 2014 after two years as president of PayPal.
-
Facebook Partners With Coinbase to Pilot Novi Digital Wallet in the US
Facebook selected USDP in its pilot program because of its track record, and regulatory and consumer protection attributes.
-
Facebook Considers Building NFT Features Alongside Digital Wallet
Facebook is considering building products and features related to non-fungible tokens (NFTs), the digital assets that have taken off with the rise of blockchain technology.
-
Facebook-Backed Cryptocurrency Project Diem to Launch US Stablecoin in Major Shift
Digital currency group Diem Association, formerly known as Facebook's Libra project, plans to launch a US dollar stablecoin as it scales back its global ambitions to focus on the United States, the group said.
-
Facebook-Backed Digital Coin Libra Renamed Diem to Gain Regulatory Approval
Facebook-backed cryptocurrency Libra has been rebranded Diem in a renewed effort to gain regulatory approval by stressing the project's independence.
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Facebook Cryptocurrency Libra to Launch as Early as January but Scaled Back: Report
Facebook's Libra cryptocurrency is reportedly readying to launch as early as January. The Geneva-based Libra Association that will issue and govern Libra plans to launch a single digital coin backed by the dollar.
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PayPal to Allow Customers to Hold Bitcoin, More Cryptocurrencies in Online Wallet
PayPal said on Wednesday it will allow customers to hold bitcoin and other virtual coins in its online wallet and shop using cryptocurrencies at the 26 million merchants on its network.
-
Facebook-Backed Libra Taps Ex-HSBC Executive as CFO of Payments Unit
Another former HSBC executive is heading to the Facebook-backed Libra cryptocurrency project, joining as chief financial officer of a unit tasked with managing the planned digital currency's payments system.
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Singapore State Investor Temasek Joins Facebook's Libra Cryptocurrency Project
In April, Libra's governing body said the planned digital currency will be linked to individual national currencies and overseen by global watchdogs, in a scaled-back revamp it hopes will win regulatory approval.
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Facebook-Backed Libra Appoints Stuart Levey as Chief Executive
"Stuart brings to the Libra Association the rare combination of an accomplished leader in both the government, where he enjoyed bipartisan respect and influence, and the private sector where he managed teams spread across the globe," said Katie Haun, a member of the Libra board.
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Facebook's Libra Cryptocurrency Gets Revamp in Response to Backlash
Facebook's planned cryptocurrency Libra will be linked to individual national currencies and overseen by global watchdogs in a scaled-back revamp it hopes will win regulatory approval.
