Facebook owner Meta targets finance with ‘Zuck Bucks’ and creator coins
Meta has drawn up plans to introduce virtual coins, tokens and lending services to its apps, as Facebook’s parent company pursues its...
News by FinTech Collective
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Facebook retreats from crypto ad ban
Facebook announced its decision to reverse long-standing policy that prevented most cryptocurrency companies from running ads on its...
Meta’s David Marcus, creator of embattled Diem Project, to leave company
Getting Diem off the ground has proven to be a struggle for Meta and Marcus. Since the project was unveiled in 2019 — with great fanfare...
Facebook skirts Apple’s App Store fees with custom subscription links for creators
Meta (fka Facebook) announced that creators will soon be able to share custom web links directing their fans to pay them for...
Facebook's Novi launches pilot program in Guatemala and US using Pax Dollar
The test will allow Novi to test all of its main functions and to evaluate what things need to be improved before launch. Novi will use...
Facebook to buy $100m worth of unpaid invoices from 30,000 small businesses owned by women and minorities
By buying up outstanding invoices, the Facebook Invoice Fast Track program puts money in the hands of small businesses that would have...
Facebook, Instagram to pay out $1b to ‘reward’ creators through 2022
Facebook claims it will be whipping open its checkbook in a big way for creators: CEO Mark Zuckerberg said the social-media giant will...
Facebook-backed Diem aims to launch digital currency pilot later this year
The Diem Association, the Switzerland-based nonprofit which oversees diem’s development, is aiming to launch a pilot with a single...
Facebook confirms ‘test’ of Venmo-like QR codes for person-to-person payments in US
The QR code feature, similar to Venmo’s QR codes and others, will allow a user to scan a friend’s code with their smartphone’s camera to...
Facebook’s Libra currency to launch next year in limited format
First launched in June 2019, the scaling down of Libra’s vision comes as it has received a skeptical reception from global regulators,...
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