Clear crypto currency rules urgently required: Hester Peirce

According to a top official from the Securities and Exchange Commission (SEC), a clear cryptocurrency regulatory regime is urgently required with major companies, including Mastercard Inc, Tesla Inc, and BNY Mellon Corp embrace the digital asset class. During an interview, Hester Peirce, a Republican commissioner at the SEC said, while it may be too soon…

Vodafone Group PLC exits Facebook’s Libra crypto currency project

In a statement, Facebook’s Libra Association said, Britain’s Vodafone Group PLC has left its global digital currency initiative. In recent months, Facebook’s digital currency has seen an exodus of its backers midst increased regulatory scrutiny, including financial companies such as Mastercard Inc and Paypal Holdings Inc. In June 2019, Facebook had announced a plan to…

U.S. consumers prefer shopping online reveals shopping data from Mastercard

As per a report by Mastercard Inc, e-commerce sales saw record highs this shopping season in the United States, with U.S. shoppers preferring online sales to their brick-and-mortar counterpart. For retailers, the holiday shopping season is a crucial period for which can account for up to 40% of annual sales. This year, Thanksgiving, which traditionally…

FB’s cryptocurrency get major backing

Backers include PayPal, Visa Inc, Uber Technologies Inc and Mastercard Inc. In a significant development, Facebook Inc’s cryptocurrency has received backing from more than a dozen companies including PayPal Holdings Inc, Visa Inc, Uber Technologies Inc and Mastercard Inc. According to a report from the Wall Street Journal, each company will invest nearly $10 million…