The Libra Association, the Facebook-backed stablecoin project, has named former HSBC executive Ian Jenkins as chief financial officer (CFO) and chief risk officer (CRO) of Libra Networks, Libra announced on Thursday (Oct. 15). Libra Networks is a subsidiary of the Libra Association and will manage Libra’s payments...
Latin American cryptocurrency company Ripio will work with global FinTech firm Circle, using the latter’s platform to support USD Coin (USDC) liquidity, according to a press release emailed to PYMNTS. It will also work to fund flows across Circle’s exchange and wallet products. Get the...
Not all that long ago, bitcoin was shorthand for cryptocurrencies, and crypto was shorthand for speculation, for a “Wild West” of lightly regulated coins and tokens whose main functions seemed to be making and losing fortunes in a single trade – and paying for purchases...
Facebook’s proposed global digital currency Libra is expected to get pushback from G7 leaders who are anticipated to publicly oppose the project due to a lack of regulations, according to a Reuters report on Monday (Oct. 12). Get the Full Story Complete the form to...
The idea that digital fiat will replace coins and bills may be conventional wisdom. 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 our daily newsletter, PYMNTS...
China’s central bank is issuing 10 million yuan ($1.5 million) worth of digital currency to 50,000 people chosen by lottery in the country’s first trial run of a cashless payments system, according to numerous reports on Monday (Oct. 12). Get the Full Story Complete the form...
Beyond bitcoin – that marquee name of crypto and its brethren, which have yet to escape wild price swings and speculative fervor – lies the prospect of CBDCs. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The Federal Reserve is collaborating with seven central banks and the Bank for International Settlements (BIS) to hammer out a framework for digital currency. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Square, the FinTech payments company headed by Twitter CEO Jack Dorsey, announced on Thursday (Oct. 8) that it has invested $50 million — approximately 1 percent of its total second-quarter assets — to purchase roughly 4,709 bitcoins. Get the Full Story Complete the form to...
