There has been plenty of talk as of late about Facebook’s plans in payments and blockchain; today they announced what...
Facebook plans to reveal their crypto plans next week and now they count a group of impressive backers to support...
JP Morgan just shut down its neobank competitor Finn, targeted at Millennials in a smartphone app wrapper. Several other traditional banking incumbents have similar efforts, from Wells Fargo's Greenhouse, Citizens Bank's Citizens Access, MUFG's PurePoint and Midwest BankCentre's Rising Bank, as well as most of the Europeans (e.g., RBS competition to Starling called Mettle). These banks have every advantage -- from product infrastructure, to balance sheet, to regulatory licenses, to physical footprint, to relationships with the older generation. So how is it that players like Chime, MoneyLion, Revolut, and N26 are all able to get millions of happy users and the incumbents are failing?
The news that Facebook is building their own cryptocurrency has regulators nervous on many fronts including money laundering and know...
London just received a big boost to their fintech credibility with Facebook deciding to used the city as their hub...
There was some fanfare late last week when reports came out about Facebook securing partners for their blockchain based Libra...
Stripe is rolling out Terminal across the US Facebook’s ‘stablecoin’ punt raises questions for regulators Norway financial giant DNB to...
Techcrunch is reporting that Facebook have revealed their new cryptocurrency, codenamed Libra, will be debuting on June 18; this is...
The BBC has a report out today that Facebook will be rolling out its own cryptocurrency, called GlobalCoin, in 2020;...
There is poetry in the symmetry of this situation. Bitfinex is looking to raise $1 billion in capital to support the most popular stablecoin Tether, which it controls. Facebook is reportedly looking to raise $1 billion in capital from First Data, Visa and Mastercard and other payments companies to shore up its own stablecoin asset. Poetry is where the similarities end, and all these devils are in the details.