FinTech

Some of the most important personas in FinTech and banking spoke on Wednesday at the IMF’s ‘Big Tech and the Future of Finance’ seminar, part of its annual meeting.Among them was Calibra’s CEO David Marcus, Bank of England governor Mark Carney, Infosys founder Nandan Nilekani, and Havard economic professor Jason Furman. They spoke about digital payments, stablecoins, and of, course, Facebook’s Libra cryptocurrency.The role of big technological companies as is Facebook itself breaking into the...

Facebook’s Libra has faced its fair share of roadblocks since it was first announced a few months ago. Regardless, the company seems to slowly be rising out of its problems and has said that its initial plan to have at least 100 members as part of the Libra Association, would be achieved before the asset officially launches.Speaking during a phone interview with CNBC, the Libra Association’s Chief Operating Officer and provisional Managing Director, Bertrand Perez, has said the that...

As we reported earlier, the long-awaited issuance of Gram tokens from Telegram on its Telegram Open Network (TON), was hit with a surprising roadblock when the United States Securities and Exchange Commission (SEC) deemed it unlawful and filed an emergency action as well as a restraining order against it.Even though the company is not based anywhere in the U.S., the SEC claims that Telegram not only failed to register properly but also was not entirely forthcoming with its investors, most of...

[embedded content]Google in its recently held event, unveiled products including Pixel 4, Pixel Buds and Pixelbook Go as well, on Tuesday. The long-awaited Pixel 4, after several months of unconfirmed leaks and several speculations, seems to have met general expectations and turned a few heads.Google revealed the Pixel 4 and a larger version – the Pixel XL – with more than a few interesting features. Firstly, access to Google Assistant which is present on other Android smartphones is a lot...

Der Schweizer Markt gehört zu den am schnellsten wachsenden Märkten von Revolut in Europa – zusammen mit Ländern wie Italien, Portugal, Irland, Rumänien und Polen. Revolut ist eine Smartphonebank und desshalb absolut kein Ersatz für ein „echtes“ Schweizer Bankkonto. Revolut existiert sozusagen nur als Smartphone App, die Handys der Revolut-Kunden werden oft von von Hackern attackiert. Revolut betreibt auch keine physische Filialen in der...

Oh, Libra… Has it occurred to you yet that perhaps venturing into the crypto space wasn’t the greatest idea? And that maybe creating an entirely new cryptocurrency as a means of garnering Facebook’s trust back wasn’t the best response to the Cambridge Analytica scandal?Libra Pushes Through the MudDespite several companies exiting the Libra Association, despite several delays, regulatory problems and anger from the U.S. Congress and international governing bodies, Libra has taken the time to...

After it seemed all the big-ones were leaving Facebook‘s backed cryptocurrency, it seems it still has its faithful believers. On Monday, in Geneva, Switzerland, 21 associations agreed to sign the Libra Association charter at last. The Libra Association named its board of directors as well a decision about people who will sit at the executive chairs.The first chair will be, as expected, Calibra’s CEO David Marcus who named 4 more people as his board fellows. That people are a partner with...

In an interesting but not entirely surprising turn of events, the United States Securities and Exchange Commission (SEC) has asked Telegram to halt issuance of its forthcoming GRAM tokens. In a press release dated Oct. 11, the Commission said that it had already “filed an emergency action” and also a restraining order against Telegram Group Inc. as well as TON Issuer Inc., a subsidiary of the former. This came just a few weeks before Telegram promised to officially issue the tokens to...

On Saturday we reported how, after PayPal Holdings Inc. abandoned Facebook’s association Libra, the other big payment giants followed its example.Mastercard, Visa, eBay, Stripe and Mercado Pago have also pulled out and it seems this could become pretty large obstacle to the development of this cryptocurrency.Director at VanEck Gabor Gurbacs said the companies that abandoned Libra Association were actually pressured into leaving.As per Gurbacs, there is growing concern for Facebook’s ability...

In an unfortunate turn of events, messaging giant Telegram is facing major resistance from the U.S. SEC for token-sale of its native Gram (GRM) tokens. This has further resulted in the delay of the launch of the Telegram Open Network (TON) blockchain.Last Friday, the SEC issued an order calling Telegram’s token sale as “unlawful” under the agency’s securities laws. As a result, Telegram has push-ahead its plans of TON blockchain launch and GRM token issuance.Appraising the investors of this...