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Tag: Libra

The Cryptocurrency Initiative Funded by Facebook Is No More

January 31, 2022January 31, 2022 Ina Steiner
Libra

Remember when it looked like Facebook would help control the flow of cryptocurrency around the world? Facebook launched the Libra/Diem cryptocurrency initiative in June 2019 to great fanfare, but today, its assets were sold to […]

News, PaymentsChristian Catalini, cryptocurrency initiative, Diem, Facebook cryptocurrency, Libra, Silvergate Capital, Stuart Levey

Facebook Payments Loses Another Executive

December 20, 2021December 20, 2021 Ina Steiner
Facebook

Facebook payments is losing another executive just months after the company rebranded its payments unit to Novi. The co-creator of Facebook’s cryptocurrency initiative Tomer Barel is leaving the company in February. The news comes three […]

News, PaymentsCryptocurrency, David Marcus, Facebook Payments, Libra, Meta, Novi, Tomer Barel

CEO Says eBay Is Looking at Cryptocurrency and NFTs

May 4, 2021May 4, 2021 Ina Steiner
eBay

eBay CEO Jamie Iannone’s recent comments about cryptocurrency, as cryptic as they were, caused a stir. Monday’s CNBC interview was not the first time eBay expressed interest in crypto, but together with the CEO’s comments […]

2 CommentsMarketplaces, News, PaymentsCryptocurrency, Diem, eBay cryptocurrency, eBay managed payments, Jamie Iannone, Libra, NFTs

PayPal Pulls out of Facebook Crypto Currency

October 4, 2019October 4, 2019 Ina Steiner
Libra

PayPal pulled out of the entity overseeing Facebook’s new crypto currency initiative. PayPal was reportedly spooked by backlash from regulators in and outside of the US. Facebook had announced the Libra Association in June, an […]

1 CommentNews, PaymentsCryptocurrency, Libra, PayPal

eBay Says It’s Joining Cryptocurrency Initiative

June 18, 2019June 18, 2019 Ina Steiner
eBay

Last month, eBay said it was not launching a cryptocurrency (“Cryptocurrency is not accepted as a form of payment on the eBay platform, nor is it part of our payments strategy”). Today, it signaled its […]

1 CommentNews, PaymentsCryptocurrency, eBay, Libra

Facebook, PayPal, eBay Among Those behind New Crypto Currency

June 18, 2019January 25, 2021 Ina Steiner
Libra

The value of currency is its wide acceptance, and the same is true of virtual currency. That helps explain why so many prominent technology and financial services firms are joining together to launch a new […]

News, PaymentsBitcoin, Cryptocurrency, eBay, Facebook, Libra, PayPal


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