Banks in the European Union could have an instantaneous payment system by 2020, according to a Reuters report of June 26. According to the report, real-time payments have been possible in the euro zone since 2017, but only about half of the banks in the bloc adhered to the initiative.…
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For the first time, Facebook spoke of its cryptocurrency and confirmed that it will be called Libra. This digital currency will be tied to the dollar, which will avoid its volatility. In addition, the company introduced the Blockchain system with which transactions can be made. Sending money, as easy as…
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A few days ago, Facebook announced what will be its own cryptocurrency, Libra. And with it also its digital wallet option, Calibra. For Libra to become a reality from next year, Facebook has partnered with 28 major companies, among which there is no traditional banking partner, forming the Libra Association,…
Continue readingThe cryptocurrency of Facebook will be an alternative to the existing banking system
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The law to regulate Financial Technology Institutions would seek to modify, in the first place, companies such as Amazon, Google and Facebook so that they do not carry out monopolistic practices that affect the market. Before the emergence of ‘Big Tech’ – a group made up of Google, Amazon and…
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While a recent report revealed that Facebook’s future blockchain network was backed by large companies such as Visa, Uber or PayPal, a new document attests that other powerful firms such as Ebay, Coinbase, lyft or again Spotify are also part of the adventure. TheBlockCrypto media announced that it has obtained…
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Have you ever wondered what great companies have to be the aspirational job for so many young people and adults? Why are they so successful? The reality is that today, large multinationals have understood that the value of their products or services is born from human capital, it is there…
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The technological giants such as Facebook, Amazon, Google and Apple have touched the door of the National Banking and Securities Commission (CNBV) to enter the financial system. How are things going? The president of the organization, Adalberto Palma, acknowledged that he has met with representatives of these firms, which are…
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For the banking industry, the EU directive with the inconspicuous name “PSD2” is a small revolution. Because: The “Payment Service Directive 2” breaks since last year the monopoly that banks have on the account data of their customers. This allows completely new business models under the slogan “Open Banking” and…
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In the near future, will we ask for a mortgage on Facebook? And will our checking account be on Amazon? Maybe on Google? It is not such a remote hypothesis; In fact, it has been circulating for some time. But now it seems that the thing is serious, with all…
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Harmony announced today that it raised USD $ 18 million from a series of investors. This includes Lemniscap VC of Hong Kong, BCA Fund of Australia, UniValues Associates of Singapore and Consensus Capital of Silicon Valley, and others. The co-founder, Nick White, announced to CoinDesk that the sale of tokens…
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