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Tag Archives: mastercard

Libra Project Should Not Be Headed by Facebook, Says Co-Founder of Ethereum

The fate of Facebook’s Libra cryptocurrency is pretty much hanging in the balance and has somewhat been so since it was first announced a few months ago. There has been so much backlash from authorities, with Congress specifically asking Facebook to halt the development progress until further notice. Now according to Ethereum co-founder Joseph Lubin, the biggest problem that the Libra faces is Facebook itself.Lubin recently spoke to CNBC’s Squawk Box, and specifically mentioned Facebook’s...

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MasterCard Partners with Topco’s Food City to Offer Blockchain-based Seafood Supply Chain

MasterCard announced that it is partnering with food track-and-trace software provider Envisible. Through that partnership, the companies will create a blockchain-based supply chain platform that will enable supermarkets to trace the origin of seafood sold at Topco Associates. Topco is a $14 billion food cooperative that is based in Illinois.Envisible’s new Wholechain traceability infrastructure will be powered by Mastercard’s blockchain-based Provenance Solution service. Announced on October...

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PayPal Reports 19% Growth with $4.38 Billion Revenue in 2019 Third Quarter

PayPal Holdings Inc. has announced its earned figures in its quarterly report for the third quarter, showing a notable increase in the company’s volume of total payment. According to its report, the company pulled in a $4.38 billion revenue, representing a 19% increase.Furthermore, the company’s earnings per share also increased, going higher than the proposed estimate by market analysts. Experts had estimated a 52 cents per share earnings but PayPal surpassed this, hitting 61 cents which is...

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Revolut Officially Begins Business in Singapore after Long Beta Testing Period

Revolut, the popular fintech startup and challenger bank based in London, has announced that it will be officially expanding its services to Singapore, allowing citizens to enjoy numerous options already being used by the company’s customers in Europe. This news follows a long period of beta testing in Singapore where Revolut already has about 30,000 customers.Now, all residents in Singapore can easily open an account online and take advantage of Revolut’s travel debit card which now supports...

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Visa, Mastercard Debuts New Buy Button to Make Online Checkout Great Again

Photo: Philip Taylor / FlickrIn what seems to be one of the biggest challenges to online payment processors such as Paypal, Apple Pay and a whole host of others, the biggest guns in credit card processing have decided to team up and implement their own single button-based checkout process. American Express, Visa, Mastercard, and Discover have decided to join forces to make checkout easier for consumers.Based on what the card industry refers to as Secure Remote Commerce (SRC) which is a...

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Revolut Partners With Mastercard for Debit Card Issuance in the U.S.

Revolut Ltd, the financial technology and financial institution based in London, has entered an official partnership with Mastercard which will see the card giant handling all of Revolut’s debit cards when it launches in the United States before the year runs out.According to an official press release, MasterCard will not only handle Revolut’s cards in the U.S., but will also run at least 50 percent of all Revolut cards in all of Europe, including existing and future cards. Reportedly, this...

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Binance to Introduce First Fiat-Crypto Trading Pair with Russian Ruble

Popular crypto exchange Binance which has been working on a fiat trading solution for its customers is finally ready to launch. To kick-start this innovation, the exchange will work with Russian rubles in the beginning phase.This interesting development was made public on Monday by Binance CEO, Changpeng Zhao, at the Open Innovations conference held in Moscow, Russia. He revealed that in the next two weeks the fiat trading option for Russian rubles should be available on the exchange, making...

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‘There is No Status Quo Option for Libra,’ Says Facebook’s David Marcus

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...

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Libra Exec Is Confident Association Will Hit 100 Members before Official Launch

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...

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Libra Association Claims It Has 180 Candidates to Join the Row of Its Members

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...

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