Libra, Facebook’s ambitious but controversial cryptocurrency project, took a hit on Friday as five founding members of the association backing the global coin dropped out. Online marketplace eBay, payments provider Stripe and financial services giants Visa and Mastercard all said they’re no longer participating in the Libra Association, the nonprofit overseeing the project. Mercado Libre’s …
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The coalition Facebook assembled to create a global payments network may be losing some key financial support. Visa, Mastercard and other financial partners who signed on to support Libra are reconsidering their involvement in the network, The Wall Street Journal reported Tuesday. The financial partners are reluctant to attract regulatory scrutiny following backlash from governments and banks and have declined …
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Apple Card is available to everyone now. Here’s how you can apply for Apple Card today. Taking on its own credit card, rather than piggybacking on your bank card, is a bold move for Apple that no other media giant has sought, even Google and Samsung, two companies that also have robust mobile payment systems may not follow Apple’s footsteps. Backed by Mastercard and Goldman Sachs, …
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Yes, Prime Day has come and gone — though two days later, we’re still seeing a lot of hangover deals still available. We’ve pulled together some of the most notables ones here: Best post-Prime Day deals still at Amazon Best post-Prime Day deals still at Walmart Best Apple deals still available: AirPods, iPads, Apple Watch and MacBooks are all still …
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Facebook co-founder Chris Hughes has called the possibility of success for the social network’s newly unveiled cryptocurrency “frightening.” Libra will shift power from central banks to corporations, he wrote in a Financial Times op-ed Friday. Facebook earlier this week unveiled the global digital coin, which will be managed by a governing body called the Libra Association and through a wallet named Calibra. Facebook …
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Reports of Facebook’s upcoming cryptocurrency have been circulating for weeks, and an announcement from the social network is expected within days. The coin, supposedly called Libra, has a list of financial backers including Visa, Mastercard, PayPal and Uber, according to a report in The Wall Street Journal on Friday. Each company will reportedly invest around $10 million into a consortium, which …
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Hey, if you routinely visit the Cheapskate in your desktop browser, check out my fancy new digs! I’ll be using those slots up top to spotlight ongoing deals and featured stories, like the nine best free streaming-movie services and Sprint’s free year of phone service. So bookmark me and hit up the page every now and again. Heck, make me …
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If you wanted to use your Visa card to pay for something in the UK and Europe on Friday, you may have had to use cash instead. Visa announced Friday that it experienced a “service disruption” that prevented transactions from going through. We are currently experiencing a service disruption which is preventing some Visa transactions in Europe from being processed. …
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Being stuck without your Opal is now less of a problem with Transport NSW introducing contactless payments for light rail and ferry trips in Sydney. From Monday, passengers can tap their Visa, Mastercard or American Express credit card on an Opal card reader to pay for trips on Sydney ferries or the metro light rail. Passengers will also be able …
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Amazon is rewarding some of its most loyal Prime customers with a new perk. Starting Tuesday, Prime member will get 5 percent back at Whole Foods when using their Amazon Prime Rewards Visa Signature credit cards. The card’s 5 percent benefit was already available at Amazon.com. The new benefit is the latest move from Amazon to create more connections to …
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