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Facebook Crypto Project Seals $10M Investment Each From Visa, Mastercard, Paypal, Uber

Facebook has allegedly sealed backing from over a dozen firms that include Visa, Mastercard, PayPal and Uber for its soon-to-be-unveiled cryptocurrency project. The news was reported by the Wall Street Journal (WSJ) on June 13.Source ostensibly familiar with the matter told the WSJ that the firms — extending across

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Facebook Seeks Reported $1 Billion for FB Coin Amid Talks With Visa, MasterCard

Social media giant Facebook is seeking investments worth $1 billion for its rumored cryptocurrency stablecoin, the Wall Street Journal (WSJ) reported on May 3.Citing people familiar with the plans, the publication revealed Facebook was currently talking to major payment networks Visa and MasterCard about potential support, along with payment

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80 Firms Including MasterCard, Coinbase Spent $42 Mln Lobbying Crypto, Fintech Issues in Q1

Around 40 entities lobbied for bitcoin (BTC) and blockchain-related causes in the United States in Q1 2019, political news site Roll Call reported on April 30.Citing data from the Federal Electoral Commission, the publication stated that around half of the 80 lobbying entities included cryptocurrency-related items, with total quarterly

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Will Visa, Mastercard, PayPal Be Eclipsed By Crypto? Bitcoin Data Shows It’s Already Happening

Crypto Is Cheaper Than Visa, Mastercard, Traditional Payment Systems Since Bitcoin (BTC) garnered some semblance of traction, it has been touted as a viable alternative to traditional digital payment rails, like Visa, Mastercard, or PayPal. As ShapeShift’s Erik Voorhees said in a recent interview, BTC, unlike centralized digital monies, is free

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CEOs of Mastercard and Wells Fargo Concur on Blockchain’s Long Term Potential

Top execs at Mastercard and Wells Fargo agreed that blockchain technology has long-term potential, but it has not been realized to date, CNBC reports on March 28.Wells Fargo CEO Tim Sloan and Mastercard CEO Ajaypal Banga concurred that the potential of distributed ledger technology (DLT) is yet to pay

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Accenture Works With Mastercard, Amazon to Boost Circular Supply Chain Using DLT

Global professional services firm Accenture is working with major global firms including Mastercard to introduce a blockchain-based circular supply chain, according to a press release published on Feb. 25.An active user of blockchain and digital ledger technology, Accenture now intends to employ the tech as a key component to boost

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Ripple, Mastercard and Barclays Invest in Ripple-Based Remittance Firm SendFriend

Remittance company SendFriend has received investments from Ripple (XRP), the Mastercard Foundation, MIT Media Lab and Barclays in a funding round, according to a press release published on Feb. 11.In the round, the firm raised $1.7 million from investors — also including Techstars, Mahindra Finance, 2020 Ventures and 8 Decimal

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