Payments & Commerce News

The latest news in Payments & Commerce industries.

Libra’s Future in Question as Mark Zuckerberg is Set to Testify Before the U.S. Congress
October 10th, 2019

Facebook CEO Mark Zuckerberg is set to testify before the Financial Services Committee of the United States Congress later this month.

Binance Will Support WeChat And Alipay For Bitcoin Purchases
October 10th, 2019

In recent news, Binance has confirmed the support of WeChat and Alipay as their new fiat-to-crypto gateway. That way, with the help of Binance, the citizens of China now will be able to purchase Bitcoin.

Robinhood Announces Revamped Cash Management Feature With 2.05% APY
October 9th, 2019

After trying at a similar endeavor and failing in December last year, Robinhood has announced a feature that promises users returns on their uninvested funds. The new feature is now also fully insured with over $1 million.

 

Facebook’s Libra Will Be Delayed For At Least 3 Years, Believes Ripple CEO
October 8th, 2019

Ripple CEO Brad Garlinghouse said that Libra would not get off the ground for at least three years. He thinks regulatory scrutiny over Facebook’s crypto project is due to the social media giant’s privacy debacle last year.

PayPal Absent From Libra Association Meeting, Might Abandon Facebook’s Project Entirely
October 4th, 2019

PayPal was the only company noticeably absent at the recently held Libra Association meeting. The payment giant is reportedly planning to quit Facebook’s project to keep its hands clean of regulatory dirt.

Apple’s Tim Cook Says the Company Has No Plans to Launch a Cryptocurrency
October 4th, 2019

Apple’s Tim Cook has snubbed-off any plans to launch any cryptocurrency. He said that currency matters best belong to government and regulators and private organizations should stay away from it.

IKEA Completes Supply Chain Transaction Via E-Money on Ethereum Blockchain
October 3rd, 2019

IKEA has completed the supply chain transaction which used e-money using smart contracts on the Ethereum blockchain and via the Tradeshift platform. The company views the transaction as pivotal for the sector.

Unfazed by All the Negativity, Facebook’s Libra Publishes Roadmap for Mainnet Launch
October 3rd, 2019

The Libra Association mentions four key milestone to be achieved before the mainnet launch. The focus is to get at least 100 partners working as operating nodes on the Libra network.

BitPay Announced That They Will Add Support for XRP Later This Year
October 3rd, 2019

One of the biggest blockchain payments provider BitPay, recently announced that they are going to add support for XRP later this year. The support for the third-largest cryptocurrency by market capitalization will most likely happen at the end of the year.

Visa, Mastercard and Other Major Libra Backers Want to Pull Out from the Deal
October 2nd, 2019

Facebook’s Libra is facing many regulatory challenges that have made institutional backers like MasterCard, Stripe, PayPal, and Visa lead several other potential partners in casting their doubts about the project.