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Facebook has officially revealed plans for its much anticipated global cryptocurrency LibraCoin, with the backing of a number of major companies. Facebook’s ambitions for the new currency, called LibraCoin, were made... more

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Facebook is reported to be recruiting dozens of financial firms and online merchants to help launch a cryptocurrency-based payments system, dubed Project Libra, on the back of its gigantic social... more

The post Project Libra: Facebook aims to take cryptocurrency mainstream appeared first on Payments Cards & Mobile.

Facebook is exploring the creation of its own cryptocurrency, Facecoin, a virtual token that would allow its billions of users around the world to make electronic payments, people familiar with Facebook’s plans told Cheddar. “They are very serious about it,” said one of the people, who asked not to be identified discussing unannounced plans. Facebook [...]

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Facebook is launching a native store locator where users can search for stores around them. This is a significant step towards monetizing its mobile platforms (i.e. app and messenger apps) beyond advertising and into the under-penetrated on-demand/mobile payment space. Given that Facebook is already testing payments in its messenger where users can book Uber, it comes [...]

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