France warned that it will block the development of Facebook’s planned Libra cryptocurrency in Europe as it represents itself a threat for the “monetary sovereignty” of governments.
Google will be shutting down the Google Express shopping platform and merging it with the new Google Shopping. After about 6 years, the platform has failed to properly plant its flag in the online shopping sector.
Mastercard and R3 are entering a new partnership which will allow Mastercard to be able to process payments faster. This comes after Mastercard joined the Marco-Polo trading settlements consortium.
Facebook’s Libra cryptocurrency project is seeking a Swiss payment system license, financial watchdog FINMA said, noting the breadth of the planned services would require broad oversight.
Jack Ma, who is one of the technology heavyweights of all time is stepping down after a prolific career as founder and Chairman of the Alibaba Group. He is known to have been steered Alibaba from idea to startup to Global Technology giant.
The Alibaba Group has announced its acquisition of online e-commerce platform, Kaola, from NetEase. Alibaba will also be investing $700 million in NetEase’s Cloud Music streaming platform, as part of a separate deal.
Customers who use the Stripe payment platform will now enjoy business loans up to $20,000 through the company’s recently unveiled Stripe Capital. The company is looking to provide businesses with better access to funds.
While there is no concrete plan to make any specific crypto moves, an Apple Pay executive has just confirmed that the company is paying attention to the sector. Hopefully and at some point, Apple Pay will support cryptocurrency.
Mastercard revealed its participation in the Marco Polo blockchain project, a collaboration of R3 and TradeIX. The initiative provides a multi-asset class platform that offers broker-dealer services and multicurrency transactions, among other services.
Even though Amazon is yet to announce any plans for its own digital assets, a new report which surveyed opinions from several analysts, has claimed that Amazon is very likely to announce a Libra competitor.