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

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Libra Exec Is Confident Association Will Hit 100 Members before Official Launch
Libra’s interim managing director is quite sure the team will reach its goal of a hundred members by next year.
Libra Exec Is Confident Association Will Hit 100 Members before Official Launch

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Source: CoinSpeaker

Investors Commit Staggering $735m into Singapore Fintech Deals

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Investors Commit Staggering $735m into Singapore Fintech Deals
The fintech industry is booming as shown by investors in Singapore who poured a record $735 million into financial-technology deals representing a 69% surge from the prior-year period that had $435 million.
Investors Commit Staggering $735m into Singapore Fintech Deals

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Source: CoinSpeaker

After Paypal, Mastercard, Visa, Stripe and eBay Abandoned Facebook’s Libra

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After Paypal, Mastercard, Visa, Stripe and eBay Abandoned Facebook’s Libra
Mastercard, Visa, eBay, Stripe and Mercado Pago have all pulled out of the Facebook-led Libra Association following PayPal, which pulled its own support of the project earlier this week.
After Paypal, Mastercard, Visa, Stripe and eBay Abandoned Facebook’s Libra

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Source: CoinSpeaker

Facebook’s Libra to Be Forked to ‘OpenLibra’

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Facebook’s Libra to Be Forked to ‘OpenLibra’
Announced at Ethereum Foundation’s Devcon 5 conference, OpenLibra is described as an “open platform for financial inclusion,” with a telling tagline: “Not run by Facebook.”
Facebook’s Libra to Be Forked to ‘OpenLibra’

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Source: CoinSpeaker

Southeast Asia Set to Dominate Global Fintech Market to Serve Unbanked Population

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Southeast Asia Set to Dominate Global Fintech Market to Serve Unbanked Population
The need for fintech solutions is very present in Southeast Asia as many are still without access to financial services. However, at the current rate of growth, there’s a good chance the region will outshine others, in the sector.
 
Southeast Asia Set to Dominate Global Fintech Market to Serve Unbanked Population

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Source: CoinSpeaker

PayPal Absent From Libra Association Meeting, Might Abandon Facebook’s Project Entirely

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PayPal Absent From Libra Association Meeting, Might Abandon Facebook’s Project Entirely
PayPal was the only company noticeably absent at the recently held Libra Association meeting. The payment giant is reportedly planning to quit Facebook’s project to keep its hands clean of regulatory dirt.
PayPal Absent From Libra Association Meeting, Might Abandon Facebook’s Project Entirely

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Source: CoinSpeaker

Apple’s Tim Cook Says the Company Has No Plans to Launch a Cryptocurrency

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Apple’s Tim Cook Says the Company Has No Plans to Launch a Cryptocurrency
Apple’s Tim Cook has snubbed-off any plans to launch any cryptocurrency. He said that currency matters best belong to government and regulators and private organizations should stay away from it.
Apple’s Tim Cook Says the Company Has No Plans to Launch a Cryptocurrency

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Source: CoinSpeaker

Broadridge Adds Cryptos and Exchange-Traded Derivatives to Its Portfolio

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Broadridge Adds Cryptos and Exchange-Traded Derivatives to Its Portfolio
Broadridge Financial Solutions plans to offer post-trade services for cryptocurrency after acquiring fintech company Shadow Financial Systems. The company invested in blockchain projects, but the Shadow deal will be its foray into cryptocurrency.
Broadridge Adds Cryptos and Exchange-Traded Derivatives to Its Portfolio

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Source: CoinSpeaker

Visa, Mastercard and Other Major Libra Backers Want to Pull Out from the Deal

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Visa, Mastercard and Other Major Libra Backers Want to Pull Out from the Deal
Facebook’s Libra is facing many regulatory challenges that have made institutional backers like MasterCard, Stripe, PayPal, and Visa lead several other potential partners in casting their doubts about the project.
Visa, Mastercard and Other Major Libra Backers Want to Pull Out from the Deal

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Source: CoinSpeaker

Bankers Raise a Warning That Facebook’s Libra Will Create Shadow Banking System

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Bankers Raise a Warning That Facebook’s Libra Will Create Shadow Banking System
The bankers have explicitly stated that Facebook’s Libra will pose huge threat to the consumer demand for deposit accounts, payment volumes, and business models built on privacy.
Bankers Raise a Warning That Facebook’s Libra Will Create Shadow Banking System

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Source: CoinSpeaker

Facebook Hints at Suing the U.S. Government in Zuckerberg Audio Leak

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Facebook Hints at Suing the U.S. Government in Zuckerberg Audio Leak
Mark Zuckerberg said that if the Democratic Presidential candidate Elizabeth Warren was to come to power, and pursue her agenda of breaking the Big Tech companies, Facebook won’t step back from fighting the U.S. government in the court.
Facebook Hints at Suing the U.S. Government in Zuckerberg Audio Leak

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Source: CoinSpeaker

$100 Million Raised By Stripe-Backed Rapyd For Its ‘Fintech as a Service’ API

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$100 Million Raised By Stripe-Backed Rapyd For Its ‘Fintech as a Service’ API
A Fintech as a service Rapyd network, that allows consumers and businesses to transact however they opt for cross-border and local eCommerce transactions, raised a whopping $100M financing round spearheaded by Oak HC/FT together with Stripe.
$100 Million Raised By Stripe-Backed Rapyd For Its ‘Fintech as a Service’ API

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Source: CoinSpeaker

Online Challenger Bank ‘Bunq’ Has Now Expanded Throughout the EU

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Online Challenger Bank ‘Bunq’ Has Now Expanded Throughout the EU
A challenger bank based in the Netherlands has increased its coverage area to cater to the European Union. Bunq also offers extra services including an affordable Travel Card, on which there are no charges.
Online Challenger Bank ‘Bunq’ Has Now Expanded Throughout the EU

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Source: CoinSpeaker

Tencent Acquires Almost a Third of Computer Games Developer Funcom

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Tencent Acquires Almost a Third of Computer Games Developer Funcom
Tencent has agreed to acquire all the shares belonging to the Norway-based KGJ Capital AS, which is currently the largest shareholder in Funcom.
Tencent Acquires Almost a Third of Computer Games Developer Funcom

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Source: CoinSpeaker

Ripple Makes Inroads into Europe by Making Yet Another Acquisition

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Ripple Makes Inroads into Europe by Making Yet Another Acquisition
Ripple Labs Inc has made a little-known but significant acquisition – Iceland-based of Algrim, which is a cryptocurrency trading firm with small but mighty talent pool.
Ripple Makes Inroads into Europe by Making Yet Another Acquisition

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Source: CoinSpeaker