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Tag Archives: visa

Facebook Crypto Libra Crumbling as Visa, Mastercard Consider Quits: Report

Facebook’s cryptocurrency Libra has been in hot water ever since the social media giant released the whitepaper earlier this year. Central banks and governments across the globe have put together a concerted effort against Libra, putting Facebook executives in the dock time and again as they fear that the social media giant is out to create a parallel financial system. But the greatest threat that could derail Facebook’s cryptocurrency project probably lies within. The Libra Association, a...

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Revolut Expands Into 24 New Markets Through the Deal With Visa

Revolut, a British financial technology company that offers banking services, has signed a new deal with payments giant Visa. As a result, Revolut will expand its services to 24 new markets, or a total of 56 around the world, and hire 3500 employees.Under the terms of the agreement, Revolut will primarily issue Visa-branded cards in the global expansion. As Reuters reports, Visa will initially enable Revolut to launch in Australia, Brazil, Canada, Japan, New Zealand, Russia, Singapore and the...

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Fidel Payment API Provider Has Raised $18M to Let Developers Build ‘Card-linked’ Apps

Fidel, a fintech startup based in the United Kingdom – which provides developers with a functional application programming interface (API) for building new offers on networks belonging to major card companies – has just successfully pulled in $18 million in its recently concluded Series A funding round.The funding round was led by two venture capital firms based in the U.S., QED Investors and Nyca Partners. Other participants include 500 Startups, Horizons Ventures, Commerce VC, Citi...

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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...

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Beyond Investing Offers to Invest in a Vegan-Focused ETF

Photo: UnsplashA new Vegan focused exchange-traded fund (ETF) was launched on the New York Stock Exchangenew yor on Tuesday the 10th of September. Dubbed the U.S. Vegan Climate ETF with the code VEGN, the ETF costs 60 basis points for interested participants and it is the first vegan and climate oriented ETF that has been ever launched.Initiated by Beyond Investing which is itself a vegan and anti-animal investment service, the new ETF boasts of more than a few major holdings including...

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