Tag "Facebook"
Meta Advances Work on Diem; Alphabet Shifts Focus on APAC Payment Market
These past few years have seen American bigtechs continuing to make inroads into fintech, teaming up with legacy financial institutions to embed financial services into their platforms, and taking part in strategic funding rounds to get their hands on the
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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 to Hire 10,000 New European Talent to Help Build Its Metaverse
Social media giant Facebook announced its plan to create 10,000 new high-skilled jobs within the European Union (EU) over the next five years to help build its “metaverse”. The computing platform is a a new phase of interconnected virtual experiences
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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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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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Libra: Despite Claims, Facebook Has Yet To Contact Swiss Data Protection Authority
During a hearing in the US Senate, David Marcus, the head of Facebook’s digital currency project Libra, said that Swiss authorities will be overseeing data and privacy protections for its Libra cryptocurrency. But a spokesperson for the Federal Data Protection
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10 Things We Know About Facebook’s GlobalCoin Launching Next Week
Following the wind-down of the bull market of 2017, crypto is still undergoing some fascinating developments. A key one that grabbed even mainstream headlines? Facebook’s announcement that they too, want to foray into issuing coins. The crypto, part of something
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Facebook Delves Deeper Into Banking and Financial Services
Facebook is delving deeper into the financial services business, now attempting to persuade large banks in the US to share detailed financial information about their customers including card transactions, shopping habits, and checking account balances, according to a report published
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A new Inclusive Internet Index, Switzerland only Number 22!
The new edition of the Inclusive Internet Index, published , reveals a healthy increase in internet access since last year, amid expanding 4G coverage and falling mobile costs. Compiled by The Economist Intelligence Unit and sponsored by Facebook, The Index
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Apple, Facebook Take On Payments And Digital Banking
The rise of smartphones and the emergence of a new app-only ecosystem are transforming the way we borrow, lend and spend. One firm that’s been driving this change is Apple, which has “revolutionized the smartphone landscape” with the iPhone, according
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