Goodbye Libra and hello Diem. Facebook’s cryptocurrency project on Tuesday (Dec. 1) unveiled a new name as it seeks to put some distance between itself and its powerful but controversial Big Tech sponsor. Get the Full Story Complete the form to unlock this article and...
With apologies to T.S. Eliot: This is the way Libra launches — not with a bang, but a whimper. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...
European Central Bank President Christine Lagarde wrote in an editorial that she thinks stablecoins could pose a risk to “financial stability and monetary sovereignty.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
When PayPal announced recently that its 350 million users can deposit bitcoin and other cryptocurrencies in their accounts and spend it at 26 million merchants next year, it was characterized as the inevitable advance of digital currency. Daniel Gouldman, CEO of crypto-banking platform operator Ternio, told Karen...
Facebook‘s digital currency, Libra, could launch by January, but in a “limited format,” according to officials, as reported by Financial Times (FT). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
The age of digital currencies might be fully upon us, but key questions swirl about how to issue and regulate cryptos – especially stablecoins. To that end, a Bank for International Settlements (BIS) study concludes that “embedded regulation” might offer a solution for stablecoins, defined...
Consumers are moving to digital payments and cryptocurrency in droves, and it’s inevitable that more central banks will issue digital forms of currency, PayPal CEO Dan Schulman said in a televised interview on Monday (Nov. 23). Get the Full Story Complete the form to unlock...
Securities and Exchange Commission (SEC) Chairman Jay Clayton thinks inefficiencies in traditional payments are boosting favorability for bitcoin, a report from Coindesk says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Bank of England Deputy Governor Jon Cunliffe said it isn’t his job to shield banks from the coming shift to digital currencies, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
