Crypto EcoBlog
The walls are all but crumbling down around Facebook’s embryonic ‘cryptocurrency’ venture, as PayPal allegedly considers calling quits on Libra. Libra Back(er)s Against the Wall First Visa, and MasterCard, and now PayPal. Things aren’t looking too rosy for Libra, as regulatory watchdogs continue to hound the project. Today, a fresh batch of conjecture is boiling over, as the Financial Times reports that representatives from PayPal abstained from yesterday’s Libra association meeting. 28...
Read More »PayPal Absent From Libra Association Meeting, Might Abandon Facebook’s Project Entirely
Apart from its ongoing antitrust investigation as put forward by the Federal Trade Commission (FTC), Facebook is also having a rough time regarding its proposed digital currency, the Libra. A few months ago, Facebook announced its plans to float its own cryptocurrency and also released a whitepaper to the effect.As part of the announcement, a Libra Association was announced, an association made up of several big companies including Uber, Mastercard, Visa, eBay, Spotify and many other...
Read More »Apple’s Tim Cook Says the Company Has No Plans to Launch a Cryptocurrency
Although Apple is making an aggressive move in the fintech and global payments industry, the tech giant has no plans to step in the crypto space for now. Apple Inc’s chief executive officer Tim Cook recently said that his company has no plans to launch its own digital currency.During an interview with French financial newspaper Les Echos, Cook said that matters related to currency should remain in the hands of countries and their respective governments. He added:“I really think that a...
Read More »Unfazed by All the Negativity, Facebook’s Libra Publishes Roadmap for Mainnet Launch
There has been a lot of negativity surrounding the launch of Facebook Libra over the last few months. Global regulators and banking institutions have showered severe criticism over the project. However, despite several kickbacks, the Libra Association is proceeding ahead with its plans of mainnet launch.Recently, the Libra Association has published a new roadmap that highlights 4 major milestones to be attained before the launch of the Libra network. The Calibra team says that the first...
Read More »Visa, Mastercard and Other Major Libra Backers Want to Pull Out from the Deal
Since its launch on June 18, 2019, Facebook’s Libra project has encountered mixed reactions. Now, four payment companies that had joined the social media giant as founding members of the Libra Association are hesitant. They have developed cold foot over whether to formally sign on to the crypto project. The issue was explained by people familiar with the matter.According to a new Bloomberg report, MasterCard, Visa, Stripe, and PayPal are allegedly stalling at officially joining the...
Read More »PayPal Entering China Market by Local Acquisition
The People’s Bank of China (PoBC) announced they are nit against PayPal’s desire to acquire a 70% equity state in GoPay (Guofubao Information Technology Co. [GoPay], Ltd.). With this step, Paypal is becoming the first international entity that will be offering its online payment solutions in China.GoPay mostly works as a provider of a number of payment products for various industries including cross-border commerce, aviation, tourism, etc.According to the information revealed by the company,...
Read More »Bitcoin-Überweisungen – Intelligent, Einfach, Sicher
Digitec: Einer der grössten Schweizer Online Shops akzeptiert Bitcoin. Vom Bankgeschäft bis zum Politischen Wahlgang, Blockchain-Technologie wird immer populärer. Besonders beliebt sind Blockchain basierende Kryptowährungen wie Bitcoin für Transaktionen und Geldtransfers – insbesondere für grenzüberschreitende Transaktionen. Im Gegensatz zu langsamen und teuren internationalen Banküberweisungen ist ein Bitcoin Transfer extrem einfach. Wie...
Read More »Facebooks Kryptowährung: Libra wird mit Währungskorb gedeckt doch kein Yuan
Facebook Libra: Facebook plant die Einführung einer Weltwährung. Der Start erfolgt im Januar 2020. Was ist das Problem von Bitcoin? Er schwankt im Wert. Deshalb hat Facebook jetzt seinen Währungskorb vorgestellt, um seine Digitalwährung Libra abzusichern: Der ganze Korb soll aus Bargeld und Staatsanleihen bestehen, die jeweils in Prozent auf einzelne Währungen verteilt sind 50 % in US-Dollar aus den USA, 18 % aus dem Euro-Raum, 14 % aus...
Read More »Facebook Releases Full Details of Libra’s Basket of Currencies
Social media giant Facebook has for the first time indicated the full list of the basket of currencies which will support the proposed stablecoin Libra. While is known publicly that the US Dollar accounts for about 50% of the basket of currencies that will back the cryptocurrency, not much was known about the rest.According to the Der Spiegel report , in response to a request from Fabio De Masi who is the finance spokesperson of the Left Party of the German Parliament (the Bundestag), a...
Read More »Transferwise schreibt überrasschenderweise Gewinn (Blogartikel enthält einen Gutschein! ????)
Meldungen über von Gewinne sprechenden Startups sind selten. Noch seltener ist die Veröffentlichung dieser Gewinne. Und gerade der Bereich Bitcoin und Fintech ist umkämpft. Es werden Millionen in Startups gepummpt, der Markt ist hart. Zudem können die Fintechs mit den Anforderungen der Politiker, Regulierenden und den Herausforderungen im Kundensupport und IT Security kaum mithalten. In der Regel schreiben Fintechs daher Verluste. Anders ist dies beim mittlerweile britischen...
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