Here’s how Facebook’s Libra will permanently hit Australian banks’ profits
The man in charge of setting up Facebook’s digital currency, Libra, pretty much confirmed to CNBC that the project has one key service goal for now.
Up bank launches cheap international money transfers via TransferWise partnership
Local digital bank Up has partnered with international money transfers fintech TransferWise to offer customers cheap, fast overseas money transfers.
InfiniGold launches gold-backed cryptocurrency on the Ethereum network
Australian Fintech company InfiniGold announced that it’s to launch a gold-backed digital currency on the Ethereum network.
In 2019, Boomers boast the biggest uptake of crypto trading
New data from cryptocurrency exchange Independent Reserve has revealed rising levels of Baby Boomer and Generation X interest in crypto trading.
CoinJar targets institutional investors with trading desk launch
CoinJar Trading Desk launches at a time of growing global institutional interest in digital currency
US dollar to be main currency underpinning Facebook’s Libra: Spiegel
The US dollar will make up 50% of the basket of currencies backing Facebook’s digital coin Libra, along with the euro, yen, sterling and Singapore dollars.
Common myths about crypto debunked
The initial virality of cryptocurrencies like Bitcoin may have faded, but the myths and confusion surrounding it remain extensive.
OFX partners with Link Market Services for cross-border transactions
Cross-border payments service provider OFX (ASX: OFX) has entered into an exclusive partnership with Link Market Services (ASX: LNK).
