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Why each Libra member’s mutiny hurts Facebook

Why each Libra member’s mutiny hurts Facebook There’s a strategic cost to the defection of Visa, Stripe, eBay, and more from the Facebook -led cryptocurrency Libra Association . They’re not just names dropping off a list. Each potentially made Libra more useful, ubiquitous, or reputable. Now they could become obstacles to the […]

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PayPal is the first company to drop out of the Facebook-led Libra Association

PayPal is the first company to drop out of the Facebook-led Libra Association PayPal is the first company to walk away from Facebook’s Libra cryptocurrency. PayPal’s decision to take its ball and go home was first reported by The Wall Street Journal . “PayPal has made the decision to forgo further participation […]

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Plaid announces strategic investment from Mastercard and Visa

Plaid announces strategic investment from Mastercard and Visa When Plaid announced its $250 million Series C investment, last year, it left out a couple of key investors. Today it revealed that Mastercard and Visa had also quietly participated in the round. For a company like Plaid, which builds APIs to enable customers […]

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Apple rolls out Apple Card Preview to select users

Apple rolls out Apple Card Preview to select users Apple Card is getting its first group of public test users today. A limited amount of customers that signed up to be notified about the release of Apple Card are getting the ability to apply for the card in their Wallet app today […]

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Visa pitches a program offering fintechs faster market access through an ecosystem of partners

Visa pitches a program offering fintechs faster market access through an ecosystem of partners Visa is pitching a new way for startups in the fintech space to get to market faster by using its rails and a group of pre-approved partners. The Fast Track program, a variant of an investment commitment and […]

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Congressional testimony reveals some faults in Facebook’s digital currency plans

Congressional testimony reveals some faults in Facebook’s digital currency plans As Facebook continues to lay the foundation for getting some of the world’s largest payment processing and technology companies a seat at the global monetary policy table, the company faces significant obstacles to enacting its plans from both sides of the Congressional […]

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MAX.ng raises $7M round backed by Yamaha and pilots EVs in Nigeria

MAX.ng raises M round backed by Yamaha and pilots EVs in Nigeria Nigerian motorcycle transit startup MAX.ng has raised a $7 million funding round led by Novastar Ventures, with participation of Japanese manufacturer Yamaha. Based in Lagos, the company’s app-based platform coordinates motorcycle taxi and delivery services for individuals and businesses. Six-million […]

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How Facebook’s Libra is similar in concept and motivation to Kik’s Kin cryptocurrency

How Facebook’s Libra is similar in concept and motivation to Kik’s Kin cryptocurrency Facebook unveiled its Libra cryptocurrency initiative today, which is part of an alternative financial system (including new subsidiary and wallet ‘Calibra‘) it aims to build alongside industry and academic partners including MasterCard, PayPal, Visa, Uber, Andreessen Horowitz and Creative […]

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Step raises $22.5M led by Stripe to build no-fee banking services for teens

Step raises .5M led by Stripe to build no-fee banking services for teens The smartphone revolution has well and truly disrupted the world of banking. A wide range of startups have cropped up that have completely removed the need to make visits to physical branches to open accounts, make deposits, pay for […]

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Investment platform Ellevest raises $33M Melinda Gates’ Pivotal Ventures, Valerie Jarrett & PayPal

Investment platform Ellevest raises M Melinda Gates’ Pivotal Ventures, Valerie Jarrett & PayPal Ellevest, a digital investment platform specifically focused on helping women meet their financial goals, has raised an additional $33 million in a new round led by Rethink Impact and PSP Growth. The funding includes a handful of notable, new […]

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