Digital payments will kill plastic cards, not cash
Digital payments have the power to “do no less than rebalance global economic power” and will bring about the end of plastic cards, not cash. Deutsche Bank’s latest The Future…
Burger King starts accepting Bitcoin payments
Burger King has begun accepting various cryptocurrencies including Bitcoin as it launches a pioneering new partnership. According to Cointelegraph the fast food giant has become the latest chain to begin…
EU rules the likes of Facebook’s Libra should not be allowed until risks are addressed
Private digital currencies such as Facebook’s Libra should not be allowed in the European Union until the risks they could pose are addressed, according to EU finance ministers. In a…
Alibaba will be first retailer to recieve Chinese “state-backed” cryptocurrency
Alibaba will be the first retailer to be issued China’s state-backed cryptocurrency alongside six other Chinese financial giants. China’s central bank will launch a national cryptocurrency dubbed DC/EP (Digital Currency/Electronic…
Facebook tells US Congress Libra won’t launch until it has “fully addressed regulatory concerns”
Facebook’s Calibra chief executive David Marcus will face the US Congress today, answering questions over the social media giant’s proposed cryptocurrency launch. The US government are expected to delve into…
US government could block big tech firms from offering cryptocurrencies
A draft legislation suggests fining tech companies $1 million a day for violating newly proposed restrictions, according to Reuters. After US Federal Reserve chairman Jerome Powell last week said “serious…
Facebook’s cryptocurrency under fire from the Feds
Facebook’s plans to build a digital currency called Libra may be put on hold after US Federal Reserve chairman Jerome Powell on Wednesday said “serious concerns” would need to be…
Facebook reveals its Libra cryptocurrency offering free financial services to its 2.4bn users
Facebook has officially announced its own cryptocurrency is due to launch next year, in a move that could potentially be “truly transformative” for the global finance sector. The social media…
Alibaba applies for 262 blockchain patents
Chinese multinational conglomerate and e-commerce specialist Alibaba is pushing on with its foray into blockchain implementation after applying for 262 blockchain patents. With those patents in hand, Alibaba will integrate…
Facebook to launch its own cryptocurrency in early 2020
Mark Zuckerberg is planning to launch a cryptocurrency for his social media empire in early 2020, allowing users to make digital payments in a dozen countries. GlobalCoin will enable Facebook’s…