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Meta (Facebook) forced to sell Diem assets as digital payments ambitions fail
The Diem cryptocurrency project is being forced to sell its assets, as Meta (Facebook) admits defeat in its ambitions in the digital payments space. The Diem Association, which was launched... read more
The post Meta (Facebook) forced to sell Diem assets as digital payments ambitions fail appeared first on Payments Cards & Mobile.
Facebook digital wallet Novi ready for market launch
Facebook has announced it will launch the Novi digital wallet tied to the Diem blockchain-based payment system, having received the necessary regulatory clearances. David Marcus, chief of Facebook’s financial services... read more
The post Facebook digital wallet Novi ready for market launch appeared first on Payments Cards & Mobile.
Australian Central Bank set to reign in powers of Big Tech
Their have been reports that the Australian Central bank, Reserve Bank of Australia, will apply greater focus by its policymakers on the increasing sway Big Tech giants such as Google,... read more
The post Australian Central Bank set to reign in powers of Big Tech appeared first on Payments Cards & Mobile.
Diem drops Swiss license and heads to US for stablecoin trial
Facebooks cryptocurrency Diem has been forced to abandon plans to gain a license in Switzerland via its financial regulator FINMA and is instead going to set up operations in the... read more
The post Diem drops Swiss license and heads to US for stablecoin trial appeared first on Payments Cards & Mobile.
Big Tech investments – Where are the giants spending money
From recent reports its is clear that during the COVID-19 pandemic, some big tech giants are taking advantage of the uncertainty to make strategic moves. Q3 2020 has been the... more
The post Big Tech investments – Where are the giants spending money appeared first on Payments Cards & Mobile.
