4/7/2022 4:18:24 PM Facebook owner Meta targets finance with ‘Zuck Bucks’ and creator coins By Sarah Wolter Meta has drawn up plans to introduce virtual coins, tokens and lending services to its apps, as Facebook’s parent company pursues its...
12/3/2021 1:37:59 PM Facebook retreats from crypto ad ban By Sarah Wolter Facebook announced its decision to reverse long-standing policy that prevented most cryptocurrency companies from running ads on its...
12/2/2021 8:27:17 PM Meta’s David Marcus, creator of embattled Diem Project, to leave company By Sarah Wolter 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...
11/4/2021 12:06:28 PM Facebook skirts Apple’s App Store fees with custom subscription links for creators By Sarah Wolter Meta (fka Facebook) announced that creators will soon be able to share custom web links directing their fans to pay them for...
10/22/2021 3:45:33 PM Facebook's Novi launches pilot program in Guatemala and US using Pax Dollar By Carlos Alonso Torras 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...
9/13/2021 8:25:52 PM Facebook to buy $100m worth of unpaid invoices from 30,000 small businesses owned by women and minorities By Sarah Wolter By buying up outstanding invoices, the Facebook Invoice Fast Track program puts money in the hands of small businesses that would have...
7/15/2021 11:46:45 PM Facebook, Instagram to pay out $1b to ‘reward’ creators through 2022 By Carlos Alonso Torras Facebook claims it will be whipping open its checkbook in a big way for creators: CEO Mark Zuckerberg said the social-media giant will...
4/21/2021 12:58:00 AM Facebook-backed Diem aims to launch digital currency pilot later this year By Sarah Wolter The Diem Association, the Switzerland-based nonprofit which oversees diem’s development, is aiming to launch a pilot with a single...
4/6/2021 11:07:43 PM Facebook confirms ‘test’ of Venmo-like QR codes for person-to-person payments in US By Sarah Wolter 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...
11/30/2020 2:34:41 PM Facebook’s Libra currency to launch next year in limited format By Sarah Wolter First launched in June 2019, the scaling down of Libra’s vision comes as it has received a skeptical reception from global regulators,...
11/12/2020 2:00:27 PM Will Facebook’s Libra be part of a new, faster payments system? By Sarah Wolter A new white paper from Mathieu Baudet, George Danezis and Alberto Sonnino — a trio affiliated with Facebook’s Novi wallet — says a...
10/22/2020 10:45:03 PM Facebook adds hosting, shopping features and pricing tiers to WhatsApp Business By Sarah Wolter Facebook will be making it possible for merchants to add “buy” buttons in other places that will take shoppers to WhatsApp chats to...
8/13/2020 9:44:00 PM Facebook Financial formed to pursue company’s payments plans By Carlos Alonso Torras Libra cryptocurrency co-creator David Marcus wil lead the new group, with former UpWork CEO Stephane Kasriel joining as payments VP.
8/11/2020 12:18:26 AM Facebook Financial formed to pursue company’s payments plans By Sarah Wolter This is the latest step in a companywide effort to bring Facebook’s individual products and apps closer together. The belief is that if...
5/1/2020 7:36:47 PM On Facebook earnings call, Mark Zuckerberg opens up about his deal with Mukesh Ambani’s Reliance Jio By Faisal Kawar Jio acquired a majority stake in Nowfloats, a platform for retailers to build omni-channel digital store fronts. The Facebook partnership...
7/19/2019 9:40:19 PM Mnuchin raises alarm over cryptocurrencies By Carlos Alonso Torras Treasury Secretary said on Monday that he had “very serious concerns” about cryptocurrencies, including the one being developed by...