Search Results for "libra"
The Next Frontiers of AI and Machine Learning in Data
With data becoming a core business asset for financial companies, artificial intelligence and machine learning (AI/ML) continues to be a focal point in maximising the competitive advantage of this ‘new oil’. This is according to a new study by LSEG
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JP Morgan Study: Global Embedded Payment Volume Reached US$1.1T in 2020
In 2020, of the US$240 trillion in global payment flows, approximately US$1.1 trillion came from embedded payments, a new research by JP Morgan found. Wearables (US$347 billion), the Internet-of-Things (US$240 billion) and virtual worlds (US$182 billion) made up for most
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Facebook Can’t Be Trusted to Manage Cryptos, US Senators Say Following Novi Launch
A number of US lawmakers jointly issued a statement saying that Facebook cannot be trusted to manage cryptocurrency and has urged Mark Zuckerberg to stop the launch of Novi and Diem immediately. Facebook had just announced the pilot launch of
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Facebook Readies Novi Launch; Digital Currency Wallet Could Support NFTs
Facebook is preparing for the launch of Novi, a digital currency wallet that will be integrated into its multiple apps. David Marcus, the head of Facebook Financial (F2), the internal group developing the digital wallet, said Novi could be supporting
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What are Stablecoins and What Risks and Opportunities Do They Bring?
Stablecoins, or digital tokens with values tied to fiat currencies or other assets, have surged in popularity over the past year on the back of booming cryptocurrency transaction activity, the emergence of decentralized finance (DeFi), and a large rise in
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Facebook Pay To Be Available to Online Retailers Starting With Shopify
With digital payments picking up pace across the globe, social media giant Facebook is extending its payment services to online retailers. Shopify has become the first e-commerce platform to sign up for Facebook Pay. This will allow Shopify merchants to
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Latin America Sees Booming Digital Banking Sector with Brazil at the Lead
Over the last few years, digital banking in Latin America (Latam) has experienced extraordinary growth on the back of changing customer needs, expanding technological penetration and rapidly evolving regulatory standards. Since 2017, the number of digital banks has more than
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Diem Withdraws Swiss License Application, Makes Bold Move With U.S. Shift
Diem Association, a digital currency project previously knows as Facebook’s Libra project, announced that it has dropped its plans to get a Swiss payments license and will instead focus on shifting its primary operations to the United States. The crypto
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Regtech Spending to Exceed a Whooping $130 Billion in 2025
A new study from Juniper Research has found that spending on regtech, systems that enable banks and other heavily regulated sectors to meet their compliance burdens, will exceed $130 billion in 2025 from $33 billion in 2020. The report named
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Top 50 in Swiss Crypto Valley in 2021
Crypto Valley has been growing rapidly over the past year despite COVID-19. The hub, which includes both Switzerland and Liechtenstein, is home to 960 blockchain/cryptocurrency companies, among which 11 unicorns, that employ over 5,000 people, a new research by venture
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