Will Facebook’s Libra Become the Go-To Payment System Where Banks Fall Short?

In India and Africa, tens of millions live far from banks or use a currency prone to inflation or volatility. Europeans and Americans have their Visa and Mastercard.....»»

Major central banks and regulators will want oversight of Facebook's proposed new currency and payment system, Libra, to ensure it is safe and does not allow money laundering or finance terrorism, Bank of England Governor Mark Carney said......»»

As Regulators Stonewall Libra, Facebook Rolls Out New Payment System Authored by Joeri Cant via CoinTelegraph.com, As the Libra stablecoin project continues to face a hostile audience of regulato.....»»

The digital payment system has potential, but it may cause trouble for the social media giantRelated Stocks: FB,.....»»

Facebook's Libra cryptocurrency suffered another setback on Wednesday when Switzerland said the proposed payments system could face strict rules that typically apply to banks, on top of tough anti-money laundering laws......»»

The company set up to run Facebook's Libra cryptocurrency project is seeking to apply for licensing as a payment system in Switzerland......»»

Facebook's Libra cryptocurrency project is seeking a Swiss payment system license, financial watchdog FINMA said on Wednesday, noting the breadth of the planned services would require broad oversight......»»

Facebook excited the cryptocurrency market last month by announcing plans to launch Libra, its own blockchain-based payment system. Since then, numerous concerns .....»»

On International Women's Day, the tech executive is calling on managers to start having hard conversations with their direct reports about prejudice. Current trainings on unconscious bias often fall short because they don't push managers.....»»

China’s repo market is a critical component of the country’s financial system. It’s where small banks can source short-term funding from cash-rich lenders and where the central bank can guide monetary policy by influencing the cost of borrowing.....»»

Portland Covid-19 General Strike/Facebook An Oregon man said his property manager used the IRS "Get My Payment" website to track whether he had received his stimulus.....»»

Swiss supervisor FINMA has received cryptocurrency project Libra's application for a payment system licence, it said on Thursday, after the Geneva-based association announced a major revamp of its planned payments system and oversight by global watchdogs......»»

Rather than build an alternative currency like Libra, Facebook should concentrate on building new infrastructure, like the open systems in the ethereum-DeFi space, says ConsenSys's Lex Sokolin......»»

The challenge posed by Facebook's Libra cryptocurrency likely prodded major central banks to set up a new group to study the potential for issuing their own digital currencies, a former Bank of Japan executive said on Wednesday......»»

Telecom giant Vodafone has left the Libra Association, the eighth company to pull out of the Facebook-led digital currency project since the fall......»»

Facebook Inc. just dove into payment systems with a service across Facebook, Messenger, Instagram, and WhatsAp.....»»

FTC Commissioner Rohit Chopra cited Libra concerns in his letter supporting the Fed's potential FedNow real-time payments service......»»

FTC Commissioner Rohit Chopra cited Libra concerns in his letter supporting the Fed's potential FedNow real-time payments service......»»

Banks, central and private alike, are feeling uneasy about the social media company’s dive into digital financeRelated Stocks: FB, MA, V, EBAY,.....»»

Bitcoin prices have quietly been in meltdown mode in recent trade and that trend has accelerated amid testimony on Wednesday from Facebook CEO Inc. Mark Zuckerberg as he attempts to make a case for digital-currency payment platform Libra......»»