The UK’s central bank is preparing for a once-in-a-lifetime reordering of the monetary system as a result of the arrival of new forms of digital money. In a discussion paper […]
Diem, the Facebook-sponsored digital currency, could be highly disruptive to the US dollar payments infrastructure, say analysts at Bank of America Merrill Lynch (BAML). Earlier this week Diem said it […]
Tech giant Facebook is targeting a multi-trillion dollar pool of money market fund assets as it seeks to launch its new digital currency, Diem, in the US. Yesterday Facebook announced […]
Facebook-owned messaging service WhatsApp said that from today it is rolling out a payments option for its 400m users in India. The new feature will enable Indian users of the […]
Facebook’s ‘Libra’ digital currency project combined incompetence and arrogance and was bound to fail, says David Gerard, our guest on the latest New Money Review podcast. Gerard, a technology expert […]
The president of the European Central Bank (ECB), Christine Lagarde, says Europe is falling behind in the global money race and may soon launch a new digital version of the […]
Post-Wirecard, the Bank of England has warned it will impose more stringent regulation on the payments sector in order to ensure the safety of the broader financial system. And, it […]
Brazil’s central bank has put an apparent stop to Facebook’s payments plans in the country only a week after the tech giant announced the launch of a new WhatsApp-based digital […]
Big tech firms like Google, Facebook, Apple, Alibaba and Tencent want our payments data. Are we right to share it with them? “The entry of BigTechs into the provision of […]
There’s no sign of a let-up in tech mogul Mark Zuckerberg’s push into payments. Facebook announced today that its WhatsApp messenger service has started offering in-app digital payments for users […]
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