Bitcoin Surges to Highest Since July 2019 After PayPal ...

PayPal president David Marcus: Bitcoin is good, NFC is bad | Internet & Media

PayPal president David Marcus: Bitcoin is good, NFC is bad | Internet & Media submitted by Elpoepbarc to Bitcoin [link] [comments]

Bitcoin-friendly PayPal President David Marcus Is Stepping Down To Join Facebook

Bitcoin-friendly PayPal President David Marcus Is Stepping Down To Join Facebook submitted by martinschwarz to Bitcoin [link] [comments]

PayPal President David Marcus confirms they have no policies against selling Bitcoin Miners

PayPal President David Marcus confirms they have no policies against selling Bitcoin Miners submitted by fluffyponyza to Bitcoin [link] [comments]

PayPal CEO David Marcus on Bitcoin and payment security

Speaking on Bloomberg TV’s show “The Pulse” about mobile payment security PayPal CEO David Marcus admitted his company has given Bitcoin a lot of thought lately.
http://bitcoincasino.info/bitcoin-casino-news/paypal-ceo-david-marcus-bitcoin-payment-security/
submitted by heKkuza to Bitcoin [link] [comments]

PayPal president David Marcus: Bitcoin is good, NFC is bad

PayPal president David Marcus: Bitcoin is good, NFC is bad submitted by GibbsSamplePlatter to BitcoinSerious [link] [comments]

Did David Marcus CEO of PayPal Just Publicly Say He Supports Bitcoin?

Did David Marcus CEO of PayPal Just Publicly Say He Supports Bitcoin? submitted by Groovadelic to Bitcoin [link] [comments]

PayPal president David Marcus believes Bitcoin has a better chance at revolutionizing commerce than NFC tap-to-pay technology.

PayPal president David Marcus believes Bitcoin has a better chance at revolutionizing commerce than NFC tap-to-pay technology. submitted by spsheridan to TechNewsToday [link] [comments]

PayPal president David Marcus believes Bitcoin has a better chance at revolutionizing commerce than NFC tap-to-pay technology.

PayPal president David Marcus believes Bitcoin has a better chance at revolutionizing commerce than NFC tap-to-pay technology. submitted by spsheridan to technology [link] [comments]

PayPal president David Marcus believes Bitcoin has a better chance at revolutionizing commerce than NFC tap-to-pay technology.

PayPal president David Marcus believes Bitcoin has a better chance at revolutionizing commerce than NFC tap-to-pay technology. submitted by ClownFromMars to realtech [link] [comments]

PayPal president David Marcus: Bitcoin is good, NFC is bad

submitted by opengarden to thetechgarden [link] [comments]

Bitcoins Hoping for Its Way to PayPal, Indicates David Marcus

Bitcoins Hoping for Its Way to PayPal, Indicates David Marcus submitted by fxminute to Bitcoin [link] [comments]

PayPal aceptará criptomonedas

También confirmó que su asociación con Libra de Facebook lo acercó a la industria de la criptografía. Debe recordarse que desde hace un par de semanas un rumor afirmaba que PayPal podría ofrecer compras directas de Bitcoin y otras criptomonedas. Este avance en la confianza en las plataformas de criptomonedas reafirma el establecimiento de proyectos como el de Faswet.

https://preview.redd.it/cvsmv6hyo3b51.png?width=987&format=png&auto=webp&s=0c2f819972701a661e509000b632a13b0f3f76ac
Julio 15.- En una carta a la Comisión Europea, el gigante de pagos PayPal el desarrollo de sus capacidades de cripto cifrado y admitió un marco legal armonizado para criptomonedas.
PayPal también confirmó que su asociación con Libra de Facebook lo acercó a la industria de la criptografía.
El documento de PayPal es una respuesta a una consulta de la Comisión Europea sobre un posible marco legal para los activos criptográficos.
La consulta estuvo abierta desde diciembre del año pasado hasta marzo de 2020 y recibió más de 60 respuestas de diferentes empresas y sectores.
Hace un par de semanas, ya se venía hablando que PayPal podría ofrecer compras directas de Bitcoin y otras criptomonedas.
El ruido causó debate en la comunidad criptográfica debido a la postura anti-criptográfica que se suponía que debía tener PayPal. Sin embargo, en su respuesta a la Comisión Europea, la plataforma de pagos digitales dice todo lo contario.
Según el documento, PayPal reconoce el crecimiento significativo que Bitcoin y el mercado de cifrado han experimentado en los últimos años.
La compañía sostuvo que que monitorea constantemente los desarrollos en la tecnología blockchain y la tecnología de contabilidad distribuida.
Además, PayPal afirma tener un interés particular en las aplicaciones que facilitan y mejoran los servicios financieros existentes.
Indica de igual forma que mejorar la regulación le daría un claro apoyo a la innovación al tiempo que fortalecería la claridad y transparencia. En ese sentido, PayPal afirma apoyar un marco legal "armonizador" en todo el mercado de la Unión Europea:
“El marco regulatorio debería permitir que se introduzcan productos y servicios innovadores en el mercado sin una carga reguladora indebida, al mismo tiempo que proporciona claridad regulatoria, orientación y salvaguardas”.
PayPal cree que la falta de claridad y regulación desalienta a las empresas a participar en actividades relacionadas con la criptografía. Según la declaración, se crean “áreas grises” que son explotadas por actores maliciosos para afectar a los consumidores.
PayPal concluye que un marco legal y regulatorio transparente y claro protegería a los inversores.

La asociación con Libra trajo PayPal a Bitcoin

PayPal habría comenzado a acercarse a la industria de la criptografía a través de su asociación con el proyecto Libra de Facebook.
En 2019, PayPal firmó un acuerdo de intención de participar en el proyecto que se suspendió, pero que tuvo un impacto en el enfoque de PayPal para las criptomonedas. En ese sentido, la empresa declaró lo siguiente:
“Desde el inicio del proyecto, PayPal ha tomado medidas unilaterales y tangibles para desarrollar aún más sus capacidades en esta área y para continuar enfocándose en avanzar en nuestra misión y prioridades comerciales existentes para democratizar el acceso a los servicios financieros”.
De hecho, la filial de billetera del proyecto Libra, Calibra, también participó en la consulta.
Dentro del documento de Calibra, la subsidiaria toma una posición similar a PayPal para “minimizar costos, aumentar el acceso y garantizar la coherencia en el mercado de la Unión Europea”.

Novi es Calibra

Recordemos que el pasado mes de mayo, Facebook anunció que cambió el nombre de un componente clave de su ambicioso proyecto de criptomonedas conocido como Libra. La billetera digital de la compañía, que espera lanzar a fines de este año, se conocerá como “Novi” en lugar de “Calibra”.
David Marcus, un ex presidente de PayPal que ahora dirige Libra, declaró en una publicación de Facebook que “el antiguo nombre estaba demasiado cerca del nombre de Libra”.
El servicio de billetera en cuestión es una parte crítica del plan de Facebook para crear un nuevo servicio de pago global basado en la tecnología blockchain.
Si bien la red Libra se está desarrollando de tal manera que cualquiera puede construir una billetera compatible, la billetera Calibra / Novi será la oferta predeterminada, lo que significa que probablemente sea la que adoptarán los miles de millones de usuarios de Facebook.
Facebook anunció la red Libra en junio pasado con la esperanza de lanzar su criptomoneda, pero el proyecto pronto se vio envuelto en una controversia política y regulatoria, lo que llevó a varios socios de alto perfil, incluidos Visa, Stripe y PayPal, a cortar lazos.
Más recientemente, Libra ha recuperado cierto impulso, agregando el gigante del comercio electrónico Shopify a su lista de socios.
Facebook también parece haber aplacado parcialmente a los reguladores al cambiar a Libra de una moneda global única a una serie de criptomonedas nacionales.
También ha dado un paso atrás desde su plan inicial para convertir a Libra en una red descentralizada similar a Bitcoin, y en su lugar se comprometió a hacerlo más estrictamente controlado.

PayPal, Facebook y Faswet se traduce en confianza

Cada una de las noticias que registramos regularmente nos están dando cuenta del crecimiento de la confianza en los proyectos que se relacionan directamente con blockchain y criptomonedas.
Sobre ese derrotero trabaja Faswet y con la llegada día a día de nuevos usuarios le ecosistema Emet se fortalece, no solo con las garantías que brinda a cada uno de ellos en cuanto a seguridad y fiabilidad, frente a la realidad que se nos presenta cada día.
Con Faswet, los conocedores en criptomonedas tienen la certeza de contar con una blockchain propia que respalda cada una de sus operaciones y los recién llegados pueden hacer todo el recorrido para lograr un nivel medio y experto en poco tiempo.
Regístrate en Faswet y vive la realidad de noticias como las que nos entrega PayPal: https://faswet.com/es
submitted by EmetEnjoy to espanol [link] [comments]

PayPal confirmó integración de criptomonedas a sus sistemas de pago en carta a la Unión Europea

PayPal confirmó integración de criptomonedas a sus sistemas de pago en carta a la Unión Europea
También confirmó que su asociación con Libra de Facebook lo acercó a la industria de la criptografía. Debe recordarse que desde hace un par de semanas un rumor afirmaba que PayPal podría ofrecer compras directas de Bitcoin y otras criptomonedas. Este avance en la confianza en las plataformas de criptomonedas reafirma el establecimiento de proyectos como el de Faswet.

https://preview.redd.it/i0knnjq9p3b51.png?width=987&format=png&auto=webp&s=3b8f918fdd4943078144c055e6bc55611ddca56f
Julio 15.- En una carta a la Comisión Europea, el gigante de pagos PayPal el desarrollo de sus capacidades de cripto cifrado y admitió un marco legal armonizado para criptomonedas.
PayPal también confirmó que su asociación con Libra de Facebook lo acercó a la industria de la criptografía.
El documento de PayPal es una respuesta a una consulta de la Comisión Europea sobre un posible marco legal para los activos criptográficos.
La consulta estuvo abierta desde diciembre del año pasado hasta marzo de 2020 y recibió más de 60 respuestas de diferentes empresas y sectores.
Hace un par de semanas, ya se venía hablando que PayPal podría ofrecer compras directas de Bitcoin y otras criptomonedas.
El ruido causó debate en la comunidad criptográfica debido a la postura anti-criptográfica que se suponía que debía tener PayPal. Sin embargo, en su respuesta a la Comisión Europea, la plataforma de pagos digitales dice todo lo contario.
Según el documento, PayPal reconoce el crecimiento significativo que Bitcoin y el mercado de cifrado han experimentado en los últimos años.
La compañía sostuvo que que monitorea constantemente los desarrollos en la tecnología blockchain y la tecnología de contabilidad distribuida.
Además, PayPal afirma tener un interés particular en las aplicaciones que facilitan y mejoran los servicios financieros existentes.
Indica de igual forma que mejorar la regulación le daría un claro apoyo a la innovación al tiempo que fortalecería la claridad y transparencia. En ese sentido, PayPal afirma apoyar un marco legal "armonizador" en todo el mercado de la Unión Europea:
“El marco regulatorio debería permitir que se introduzcan productos y servicios innovadores en el mercado sin una carga reguladora indebida, al mismo tiempo que proporciona claridad regulatoria, orientación y salvaguardas”.
PayPal cree que la falta de claridad y regulación desalienta a las empresas a participar en actividades relacionadas con la criptografía. Según la declaración, se crean “áreas grises” que son explotadas por actores maliciosos para afectar a los consumidores.
PayPal concluye que un marco legal y regulatorio transparente y claro protegería a los inversores.

La asociación con Libra trajo PayPal a Bitcoin

PayPal habría comenzado a acercarse a la industria de la criptografía a través de su asociación con el proyecto Libra de Facebook.
En 2019, PayPal firmó un acuerdo de intención de participar en el proyecto que se suspendió, pero que tuvo un impacto en el enfoque de PayPal para las criptomonedas. En ese sentido, la empresa declaró lo siguiente:
“Desde el inicio del proyecto, PayPal ha tomado medidas unilaterales y tangibles para desarrollar aún más sus capacidades en esta área y para continuar enfocándose en avanzar en nuestra misión y prioridades comerciales existentes para democratizar el acceso a los servicios financieros”.
De hecho, la filial de billetera del proyecto Libra, Calibra, también participó en la consulta.
Dentro del documento de Calibra, la subsidiaria toma una posición similar a PayPal para “minimizar costos, aumentar el acceso y garantizar la coherencia en el mercado de la Unión Europea”.

Novi es Calibra

Recordemos que el pasado mes de mayo, Facebook anunció que cambió el nombre de un componente clave de su ambicioso proyecto de criptomonedas conocido como Libra. La billetera digital de la compañía, que espera lanzar a fines de este año, se conocerá como “Novi” en lugar de “Calibra”.
David Marcus, un ex presidente de PayPal que ahora dirige Libra, declaró en una publicación de Facebook que “el antiguo nombre estaba demasiado cerca del nombre de Libra”.
El servicio de billetera en cuestión es una parte crítica del plan de Facebook para crear un nuevo servicio de pago global basado en la tecnología blockchain.
Si bien la red Libra se está desarrollando de tal manera que cualquiera puede construir una billetera compatible, la billetera Calibra / Novi será la oferta predeterminada, lo que significa que probablemente sea la que adoptarán los miles de millones de usuarios de Facebook.
Facebook anunció la red Libra en junio pasado con la esperanza de lanzar su criptomoneda, pero el proyecto pronto se vio envuelto en una controversia política y regulatoria, lo que llevó a varios socios de alto perfil, incluidos Visa, Stripe y PayPal, a cortar lazos.
Más recientemente, Libra ha recuperado cierto impulso, agregando el gigante del comercio electrónico Shopify a su lista de socios.
Facebook también parece haber aplacado parcialmente a los reguladores al cambiar a Libra de una moneda global única a una serie de criptomonedas nacionales.
También ha dado un paso atrás desde su plan inicial para convertir a Libra en una red descentralizada similar a Bitcoin, y en su lugar se comprometió a hacerlo más estrictamente controlado.

PayPal, Facebook y Faswet se traduce en confianza

Cada una de las noticias que registramos regularmente nos están dando cuenta del crecimiento de la confianza en los proyectos que se relacionan directamente con blockchain y criptomonedas.
Sobre ese derrotero trabaja Faswet y con la llegada día a día de nuevos usuarios le ecosistema Emet se fortalece, no solo con las garantías que brinda a cada uno de ellos en cuanto a seguridad y fiabilidad, frente a la realidad que se nos presenta cada día.
Con Faswet, los conocedores en criptomonedas tienen la certeza de contar con una blockchain propia que respalda cada una de sus operaciones y los recién llegados pueden hacer todo el recorrido para lograr un nivel medio y experto en poco tiempo.
Regístrate en Faswet y vive la realidad de noticias como las que nos entrega PayPal: https://faswet.com/es
submitted by EmetEnjoy to u/EmetEnjoy [link] [comments]

Ditto bi-weekly update - October 25, 2019

Posted by Liz Bagot in Matrix
Hey folks! It’s been a great couple of weeks with a lot of updates to share from Ditto. Let me know if you have any questions or comments — discussion encouraged!

What we’ve been up to the past 2 weeks (a lot of media coverage!)


What we’re doing in the next 2 weeks

submitted by nottrunner to decred [link] [comments]

PayPal CEO Explains Why They Left The Libra Association

The CEO of payment processor PayPal, Dan Schulman said during an interview that he is indeed a hodler of Bitcoin.

Yesterday, 20th November, Schulman stopped by Fortune for an interview where he discussed several topics, including the reason, behind PayPal’s shift away from the Libra Association and whether he actually owns any cryptocurrencies.

When Fortune asked Schulman on why the payment protocol left the Libra project hanging, he said:

“When David Marcus came to talk to us about Libra initially, he framed it in ways that were appealing to us about financial inclusion. We’re always exploring the next generation of technologies — like blockchain infrastructure to do things more efficiently. And you know, we’d like to learn more about it. All of us were interested in learning more. As we learned more about [Libra] and saw the amount of things that were still left to do and the amount of things we still had to do on our own roadmap outside of Libra, we said, ‘You know, we think if we focus on our own roadmap, we’d be able to advance financial inclusion faster than if we put all these resources against Libra.’”

He added:

“It wasn’t an acrimonious divorce or anything like that. It’s just that they will start going down a road that we’re very interested in looking at and monitoring, and maybe later, there are ways we can work together. I wish them the best of luck on it.”

This is probably a little bit different than what a lot of people had envisioned in their minds about the two’s breakups but it’s nice to see nothing was too messy.

https://cryptodaily.co.uk/2019/11/paypal-ceo-explains-libra-association
submitted by FastSellerService to BitcoinInfo [link] [comments]

Facebook Ready To Enter Digital Payments - Via Bitcoin? - Facebook (NASDAQ:FB)

Facebook Ready To Enter Digital Payments - Via Bitcoin? - Facebook (NASDAQ:FB) submitted by ryepdx to Bitcoin [link] [comments]

Libra publishes signed charter with 21 members, inc. Spotify, Uber and PayU

The Libra Association has announced the 21 companies who have officially signed a charter backing the project, following its meeting in Geneva, Switzerland on Monday..
The Libra Association and 21 other companies met in Geneva, Switzerland
As well as enshrining support from the likes of Spotify, Uber, Netherlands-based fintech PayU and UK mobile network Vodafone, the meeting also agreed on the project’s new association board members and executive staff.
The association board was fixed to five members, which will include Facebook’s ex-blockchain lead who is now the CEO of Libra’s cryptocurrency wallet Calibra, David Marcus, pointing to Facebook’s persistent position as a key player in the project.
Joining Marcus on the board will be entrepreneur lending platform Kiva’s Matthew Dvie, PayU’s Patrick Ellis, private capital firm Andreessen Horowitz’s Kaite Haun, and stable bitcoin exchange Xapo Holdings’ Wences Casares.
Read more: Libra’s woes continue as Booking Holdings departs
Ex-PayPal director Bertrand Perez will remain Libra’s permanent COO, and its interim MD, but he was also newly appointed as Libra’s council and board chairperson.
Dante Disparte, a fellow PayPal alum who currently serves as a member on an advisory council in the Federal Emergency Management Agency (FEMA), will continue to be head of policy and communications and deputy chairperson of the board and council.
Kurt Hemecker, another ex-PayPal director, will continue to head business development for the project.
Facebook was hit with a law suit four days before Libra’s meeting on October 10 by Finco Services, an online banking start-up which is suing the social media giant for trademark infringement over the Calibra logo, according to Reuters.
Despite PayPal, Visa, Mastercard, Booking Holdings, eBay, Stripe and Mercado Pago all pulling out at the eleventh hour, Libra said on Monday that 1,500 entities have expressed interest in joining the project – 180 of which meet its partner criteria.
The full list of all 21 companies now officially signed up to the Libra project are: Anchorage, Mercy Corps, Andreessen Horowitz, PayU, Bison Trails Co, Ribbit Capital, Breakthrough Initiatives L.P, Spotify, Calibra Inc, Thrive Capital, Coinbase, Uber Technologies, Creative Destruction Lab, Union Square Ventures, Farfetch UK Limited, Vodafone, Iliad, Women’s World Banking, Kiva Microfunds, Xapo Holdings Limited and Lyft.
Read on: Facebook’s Libra suffers additional regulatory scrutiny
* More Details Here
submitted by sa007sammy to BankingInfo [link] [comments]

Which Currencies Will Back the Facebook-Led Libra Cryptocurrency?

Which Currencies Will Back the Facebook-Led Libra Cryptocurrency?


As expected, Facebook has been pressured to reveal more details about its controversial digital currency Libra after a series of meetings with high-ranking central bank officials and governments which deemed Facebook’s new crypto venture as ‘vague’, pointing that it lacks important documentation.
According to European officials, Facebook’s cryptocurrency project poses serious threats to the economic sovereignty of powerful countries such as France and Germany and therefore it should be examined in detail, as cited by the French minister of finance Bruno Le Maire.
In a letter to German parliament member Fabio de Masi, Facebook describes that almost half of the Libra digital currency would be backed by US dollar reserves, while national and regional currencies such as the Euro, the British pound, the Japanese yen, and Singapore’s dollar would also provide support and stability.
In addition. Facebook says that backing Libra with traditional currencies is a key element to help solve the problem of price volatility, as seen in cryptocurrencies such as Bitcoin BTC, -2.11% and Ethereum ETH, -2.12%.
An important observation is that the Chinese yuan, the currency of the world’s second-largest economy, is absent from the list.
Whether it’s a Trump’s trade war-oriented strategy or the fact that China has already developed its own digital currency that will be backed by the local yuan, expected to be launched later this year, Facebook seems to ‘target’ national currencies before it’s even deployed.

Libra has no shortage of critics

European Central Bank official Yves Mersch, who called Libra a ‘cartel-like’ operation during his speech at the ESCB Legal Conference earlier this Summer, says that Libra will be able to manipulate the pairing price with national currencies, and even shorten or pump the demand for a specific currency.
The Libra Association’s plan is to launch Libra sometime in 2020, despite the negativity received by the project from financial policy-makers and regulators all over the world.
Considering that the governing body behind Libra consists of telecom and tech giants such as Facebook, Mastercard, Visa, Paypal and others, it is not hard to imagine Libra catching on. Facebook alone reaches billions of active users across the globe.
Governments are naturally scared of a combination of forces of that magnitude, and therefore they see Libra as a threat to the current economic system.
On the other hand, Facebook keeps claiming that it welcomes feedback and discussion from global financial regulators, and are willing to address any concerns regarding the digital currency.
During a meeting that took place last week in Switzerland, Calibra head David Marcus tried to clarify the stance of the Libra project, stating that Libra it is not planning to be a new currency that will compete with existing currencies, but instead create a “better payment network and system running on top of existing currencies”.
submitted by GTE_IO to u/GTE_IO [link] [comments]

PayPal's director says that they're considering adding Bitcoin as a funding instrument (re-post with better title)

People commented that a better title was needed, so here is the better title minus the karma for me this time.
David Marcus, president of EBay Inc.'s PayPal unit was on Bloomberg today where he said:
And I think here, for us at PayPapl, it's just a question of whether Bitcoin will make its way to PayPal's funding instrument or not, and we're kind of thinking about it right now.
Here are the links to the original post and to the video.
[Update:]
A lot of people are really missing the big picture here! If PayPal accepts Bitcoin as a funding instrument, it will open up the flood gates for spending Bitcoin and it will have numerous other benefits:
Talk about groundbreaking!!!
[Update 2:] Sorry for the error in the title, the guy is the President of PayPal not the Director.
submitted by btcthinker to Bitcoin [link] [comments]

Why Facebook wants to be money's future

This is the best tl;dr I could make, original reduced by 81%. (I'm a bot)
Facebook's David Marcus tells me it is about giving billions of people more freedom with money and "Righting the many wrongs of the present system".
The message is this is not some little side project a small team at the Facebook's Menlo Park headquarters will try out for a few months before moving on to something else - this is both the future of Facebook and the future of money, an initiative that has seen an alliance of big players in payments such as Paypal and Visa, Silicon Valley players such as Uber and Lyft and major venture capital firms, a kind of Avengers: Endgame of technology and finance superheroes come together to make the world a better place.
Facebook, perhaps aware of the reputational issues it faces, appears very keen to stress Libra is a global coalition in which it is just one little player.
Sceptics recall Facebook launched its global internet access scheme, Internet.org, as a similar international coalition.
The real prize is simply making people spend longer on Facebook or WhatsApp so that they can be served more adverts.
This of course is the 64,000 Libra question - why, after Cambridge Analytica and other data scandals, would people want to trust Facebook with their money or give it a key role in running a global currency?
Summary Source | FAQ | Feedback | Top keywords: Facebook#1 Libra#2 Bitcoin#3 people#4 global#5
Post found in /technology.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

Exclusive: Visa Pours Millions into Cryptocurrency Startup Anchorage

Visa has invested millions of dollars in Anchorage, a startup that secures cryptocurrency holdings for institutional investors. The two companies are founding members of Facebook’s high-profile cryptocurrency project Libra.
Visa co-led Anchorage’s new funding round, worth $40 million, alongside Blockchain Capital, a cryptocurrency-focused venture capital firm. This is the second known investment Visa has made in a cryptocurrency startup, the first having been made four years ago in Chain, an enterprise blockchain firm acquired in September by Lightyear, a startup affiliated with the cryptocurrency Stellar.
Anchorage was little-known before June 18, when its logo appeared alongside boldfaced names such as Mastercard, PayPal, Uber, Spotify, and, notably, Visa, on a slide introducing the Libra Association. Facebook instigated the creation of the association, a Swiss nonprofit comprised of 28 organizations that plans to grow to 100 by next year, to support its ambitious push for a global cryptocurrency.
Terry Angelos, who leads Visa’s efforts in financial tech, or fintech, said in a statement that Visa is interested in supporting “companies like Anchorage who are working to provide secure infrastructure to the growing ecosystem of digital assets.” He said that Anchorage “is building the foundation to support an array of new financial services.”
The exact size of Visa’s contribution as well as Anchorage’s private valuation were not disclosed.
Diogo Monica, Anchorage’s cofounder and president, told _Fortune_that his team has been working with Facebook on designing the technical underpinnings of the Libra cryptocurrency “since Day One, since it was basically only two people at Facebook.” Those two people were David Marcus, a Facebook executive who leads the Libra project, and Morgan Beller, a Libra co-creator who heads strategy at Colibra, a Facebook subsidiary focused on Libra, Monica said.
Monica and his Anchorage cofounder and CEO, Nathan McAuley, are longtime business partners. In March 2011, the pair started in the same week on the security team at fintech firm Square, where they built its first encrypted payment card reader. Later, in 2015, they joined Docker, a “cloud” software startup, before setting out to build Anchorage two years later.
Anchorage’s product offers an alternative to “cold storage,” a safety measure investors commonly rely on for the secure storage of their cryptocurrency holdings. Cold storage custody, as it’s called, typically involves stashing so-called private keys, the password-like strings of letters and numbers that grant ownership of cryptocurrency, in hard-to-reach, offline places, such as inside mountains or bank safety deposit boxes.
In contrast, Anchorage uses biometric-based software alongside a system of multiple approvals and human reviews to secure investors’ cryptocurrency. The advantage is, Monica says, that investors gain greater access to and control over their holdings, enabling them to freely and actively participate in cryptocurrency networks. (Investors interested in quickly taking advantage of market volatility would have an easier time trading, for instance, while others seeking to “stake” their funds, an action that can reap literal dividends for holders of certain cryptocurrencies, can more easily do so, too.)
Bart Stephens, managing partner of Blockchain Capital, who led his firm’s investment in Anchorage, said he has never been more impressed by a startup’s technology. “I found it to be the most compelling product demo I’ve seen in seven years, having reviewed 4,500 companies” he told Fortune. Blockchain Capital first signed up as an Anchorage customer, and then later became an investor.
Anchorage, which has about 35 employees, so far supports Bitcoin, Ethereum, and more than 50 other virtual currencies. Monica said he plans to use the new funding to continue adding more cryptocurrencies to the mix as well as new features, such as a cryptocurrency exchange and automated book-auditing and tax preparation tools.
Anchorage has in two funding rounds raised a total of $57 million to date, including the latest cash injection.
* More Details Here
submitted by acerod1 to Business_Analyst [link] [comments]

Facebook Unveils Cryptocurrency Libra in Bid to Reshape Finance

Facebook Inc. unveiled plans to launch a cryptocurrency in a move that could diversify its business from advertising while expanding into financial services long dominated by Wall Street.
The cryptocurrency, called Libra, will be a secure blockchain-based payment system backed by hard assets and designed for ordinary users, making it among the boldest efforts yet to bring digital currencies into the mainstream.

New Money

Facebook next year plans to roll out its cryptocurrency.

How Libra works…
  1. The Libra Association — an independent, not-for-profit organization created by Facebook and based in Geneva — mints the currency and distributes it through authorized sellers.
  2. A consumer downloads a digital wallet from Calibra, then purchases Libra from an authorized seller’s site.
  3. With Libra, the user can make an online purchase, such as a subscription to Spotify, one of the corporate partners of the currency.
  4. Spotify then exchanges the Libra for dollars via a reseller, who then sells the currency back to the Libra Association.
Source: the company
Facing continuing scrutiny of its privacy practices, Facebook introduced Libra in a manner that seemed intended in part to head off potential regulatory concerns. It said it is creating a subsidiary, called Calibra, that would be governed with the help of external partners, to ensure “the separation between social and financial data.” Calibra will offer a crypto wallet — a digital app that can be used to pay for items online and send money — using Libra.
Facebook on Tuesday named a series of corporate partners — including financial-services heavyweights Mastercard Inc. and PayPal Holdings Inc. and tech giants Uber Technologies Inc. and Spotify Technology SA — that it said would help it create a “secure, scalable and reliable” cryptocurrency. The Wall Street Journal reported in May that the initiative involved developing a “stablecoin” — a digital asset backed by a basket of global currencies or other investments — unlike other cryptocurrencies, such as bitcoin, whose values can fluctuate sharply.
Facebook, which has worked quietly on blockchain-based payments for more than a year in an effort led by former PayPal President David Marcus, said Libra would be available by 2020 on its Messenger and WhatsApp services and as a stand-alone app. The company has broad ambitions for the project and its use by the social platform’s 2.4 billion monthly active users. Facebook envisions Libra being used to make everyday financial transactions like paying bills, making retail purchases and paying for public transport.
One of the Libra network’s early goals would be to provide basic financial services to people around the world who lack bank accounts and to save some of the $25 billion “lost by migrants every year through remittance fees,” the company said in a blog post Tuesday.
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Earn $237 With Google *WEIRD TRICK* Automated PayPal Money ... LIBRA - Why PayPal, Mastercard & eBay Pulled Out  AIBC Summit Senate Banking Committee Holds Hearing on Crypto - Oct. 11, 2018 #855 Warum DAX / Bitcoin wieder einbrechen & Max Keiser - Bitcoin jetzt verkaufen ein Verbrechen Facebook VP David Marcus - Messenger, Blockchain & President Shimon Peres legacy

Bitcoin is a distributed, worldwide, decentralized digital money … Press J to jump to the feed. Press question mark to learn the rest of the keyboard shortcuts. r/Bitcoin. log in sign up. User account menu. 688. David Marcus, President of PayPal goes on twitter to say PayPal are believers of BTC - wow. Close. 688. Posted by. u/BrainDamageLDN. 5 years ago. Archived. David Marcus, President of ... David Marcus, who leads the initiative for Facebook, used to be president of PayPal. Bitcoin's been on a hot streak this month, rising about 19 per cent in October. Still, the use case for the ... David Marcus: Köşeyi dönüyoruz. Geçtiğimiz hafta, ödeme devi PayPal'ın Bitcoin'i ve 2021'den itibaren üç altcoin'i destekleyeceği duyurusu, fiyat hareketini etkilemeye devam ediyor. According to Libra board member David Marcus, mainstream banks are following the footsteps of PayPal in recognizing the potential of Bitcoin. “Turning a Corner” In his latest tweet, Libra co-creator says they are “turning a corner” as “mainstream financial services players getting on the crypto bandwagon.” Libra project was rolled out by the social giant Facebook with the support ... While Bitcoin is a store of value, Libra, like many other FIAT currencies, is a medium of exchange. David Marcus, the Co-Creator of Libra, Head of Facebook’s Blockchain team and former head of PayPal suggested the same in a tweet, he said, “Many want to pit Libra vs. Bitcoin. In my mind these two are not in the same category. BTC is a ...

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Head of Calibra David Marcus Talks Facebook, Cryptocurrency, ... 1 Bitcoin at a Time - Duration: 44:13. SVOD 2,793 views. 44:13 . Nassim Nicholas Taleb: "Skin in the Game" Talks at Google ... Facebook's Libra has huge power and potential and lawmakers still trying to figure out how to regulate the Libra currency. Tom Trowbridge identifies some of ... willkommen zur Bitcoin-Informant Show Nr. 855. Heute sprechen wir über folgende Themen: Warum DAX und Bitcoin zeitnah wieder einbrechen werden & Max Keiser - Bitcoin jetzt für "Fiat ... David Marcus, President of Paypal is Interviewed by Loic Le Meur at LeWeb Paris 2012 - Duration: 22:51. ... 🔴 [LIVE] Bitcoin Halving 2020 news, Altcoin trading, Global Crisis? 『ModelX』 YT ... Share your videos with friends, family, and the world

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