Tagged: facebook

May 3, 2019 @ 9:37 am By JD Alois  |  

Yesterday WSJ.com published a new report regarding Facebook’s push into crypto. The fact that Facebook has been kicking the tyres of blockchain and digital currency is no surprise as the social media platform has long been said to be heading down this path. What is… Read More

April 18, 2019 @ 9:34 pm By Alex McDougall  |  

The tech world is abuzz with tangible, albeit unofficial, news that Facebook could be diving into crypto and launching a coin or token. Conventional thinking says that they will use their coin to add crypto asset-based transfers to messaging apps to enable users to instantly… Read More

April 16, 2019 @ 2:32 pm By Samantha Hurst  |  

Social media giant Facebook is reportedly removing P2P money transfer services through its messenger app for UK and France. According to TechCrunch, Facebook is set to close the service in the countries on June 15th. While it will be shut down in the UK and… Read More

March 14, 2019 @ 7:48 am By Cali Haan  |  

Rumours of the imminent launch of a cryptocurrency product from Facebook have been circulating for several months. In December, Bloomberg reported that people with inside knowledge were claiming that Facebook is developing a “stable coin” for WhatsApp money transfers in India, including remittances. According to… Read More

February 7, 2019 @ 10:42 am By JD Alois  |  

It was recently reported that Facebook has acquired Chainspace, a London-based blockchain startup described as a scalable distributed ledger and smart contract platform. The Chainspace website claims to deliver on “modern expectations of processing power, making it the platform of choice for complex real-world applications.”… Read More

December 22, 2018 @ 7:59 am By JD Alois  |  

A report this week indicates that Facebook is moving into the cryptocurrency space with the launch of a Stablecoin. It has been widely reported that Facebook has put together a blockchain team but this is the first indication the company will be creating its own… Read More

December 14, 2018 @ 10:22 am By Cali Haan  |  

Facebook is aggressively recruiting to fill out its “secretive” blockchain research group and hopefully “disrupt” the payments sector, Cheddar reports, but sources say the company is having a hard time attracting key talent, “amid its many public scandals.” Recruiting problems may be a blessing in disguise… Read More

September 26, 2018 @ 10:21 am By Cali Haan  |  

Google will reduce the extent of its ban on cryptocurrency ads this October by allowing regulated crypto exchanges to advertise on the platform to US and Japanese audiences only, CNBC reports. In the spring and early summer of this year, Google, Facebook, Twitter and SnapChat… Read More

August 6, 2018 @ 12:04 pm By JD Alois  |  

While much of the world is pushing forward with empowering users to control their own financial information, social media leader Facebook (NASDAQ:FB) is heading in the opposite direction by asking banks to share detailed financial information about their customers. This deeply concerning report was first… Read More

July 22, 2018 @ 5:03 pm By Alexander Dunaev  |  

With tech titans the most valuable companies on the planet, the notion of self-regulation is no longer appropriate or fit for purpose. Is now the time for governments to step in to protect consumers and ensure a more competitive environment? The role of the technology… Read More

June 26, 2018 @ 3:31 pm By JD Alois  |  

Facebook has done an about face on their initial coin offering advertising ban – at least for a lucky few pre-approved platforms and exchanges. It appears that Facebook is recognizing the fact these are regulated securities and thus quite similar to other investment offers. Facebook… Read More

May 15, 2018 @ 11:44 am By Samantha Hurst  |  

The FIDO Alliance, an organization that enables an interoperable ecosystem of hardware, mobile and biometrics-based authenticators that may be used for apps and websites, announced on Tuesday that Facebook has been appointed to its Board of Directors. According to the organization, the social media giant joins other global… Read More

May 9, 2018 @ 7:25 pm By Cali Haan  |  

The man who decoupled messaging from the main Facebook site, made it a discreet app customers had to download to phones (which mined even call data from customer phones), is leaving Facebook’s Messenger department to lead a blockchain working group within the company. David Marcus,… Read More

May 7, 2018 @ 12:33 pm By Timothy Li  |  

  In two of my previous articles, “The Top Ten Fintech Predictions for 2018” and “Top The Fintech Predictions for 2017”,  I predicted a few things to come including The End of Privacy, Vertical Integration and What’s Your Advantage where I visualized Facebook, Snapchat, Tesla,… Read More

March 24, 2018 @ 3:30 pm By JD Alois  |  

This should come as no surprise to anyone who has been following Telegram. One of the fastest growing messaging / social media platforms in the world is poised to top $1.7 billion with its initial coin offering. This is according to a recent report in… Read More

March 20, 2018 @ 3:40 pm By Samantha Hurst  |  

Social media giant Twitter is set to ban almost all cryptocurrencies and initial coin offering (ICOs) advertisements. According to SkyNews, Twitter may release a new advertising policy in two weeks that will prohibit advertisements for ICOs, token sales, and cryptocurrency wallets globally. The media outlet also revealed that… Read More

January 30, 2018 @ 4:06 pm By Samantha Hurst  |  

On Tuesday, social media giant Facebook announced it is officially banning all ads concerning bitcoin, other cryptocurrencies, and initial coin offerings (ICOs). Facebook Product Management Director, Rob Leathern, stated the platform’s team has created a new policy that prohibits ads that promote financial products and services that are frequently… Read More

June 19, 2017 @ 6:22 pm By Timothy Li  |  

During July 2016, I was part of a delegation of US Fintech executives visiting our counterparts in Hong Kong, Shenzhen, and Shanghai, China. We toured and visited some of the most exciting Fintech platforms in China such as LuFax, CreditEase, Tencent (the creator of WeChat),… Read More

June 13, 2017 @ 12:30 pm By Therese Torris  |  

This article highlights three takeaways for Fintech firms from Mary Meeker’s 355-page-long report: 1) The Internet’s center of gravity shifts to Asia; 2) The biggest get bigger; 3) Fintechs must use gamification to improve customer engagement. Since 2001, Mary Meeker, a Partner at venture capital… Read More

May 25, 2017 @ 11:28 am By JD Alois  |  

Facebook is ratcheting up the competition with JustGiving and GoFundMe with its own donations-based crowdfunding vertical. According to information posted on the Facebook press page, the social media platform is adding two new categories: Community and Sports. Now users in the US can raise money… Read More