Western Union

Operator of the world's largest social network Facebook Inc. will launch a new payment network based on its own cryptocurrency in the “dozen countries” in the first quarter of 2020, the BBC reports. The publication claims that Facebook consults with representatives of the US Treasury Department and the Bank of England manager Marc Carney regarding the regulation of the initiative, code-named Libra. At the same time, the Financial Times […]

The Monetary Authority of Singapore and the Bank of Canada announced the successful testing of cross-border payments using blockchain technology and digital assets. This is the first such testing between two central banks, according to Coindesk. The experiment involved banks' own blockchain projects – Canadian Jasper, which is based on the Corda technology from the R3 consortium, and Singapore's Ubin on Quorum from the bank […]