PYMNTS
JANUARY 10, 2020
Chinese eCommerce and social media startup Xiaohongshu , also known as “Little Red Book,” wants to raise funds at a $6 billion valuation, according to Bloomberg. It eventually entered that field itself, and then it became a social media platform. Tencent and Alibaba both invested in that round.
Bank Innovation
JANUARY 24, 2018
American Express is the “most-loved” financial service on social media in 2017, according to a recent report, followed by PayPal, Vanguard and bitcoin. To find out which brand was the consumer favorite, at least on social […].
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PYMNTS
FEBRUARY 2, 2020
Japanese social media network Line can begin trading its own digital currency among its 700 million users beginning in April 2020. As a result, Line began its own exchange, BITBOX, that enabled Link currency users in areas challenged by regulations to engage in trades with the cryptocurrency.
Bank Innovation
JUNE 18, 2019
unveiled plans for a new cryptocurrency that the social-media giant hopes will one day trade on a global scale much like the U.S. Facebook Inc.
Bank Innovation
NOVEMBER 29, 2016
A new type of ransomware is targeting users through their social media accounts, most notably through Facebook and LinkedIn, before doing what ransomware does: locking the computer and demanding payment for access–in bitcoin.
PYMNTS
JANUARY 18, 2022
18) that it plans to regulate cryptocurrency advertising like other financial products and ensure that promotions are “fair, clear and not misleading,” according to a Bloomberg report. That includes a ban on advertising their “services in public areas in Singapore or through any other media directed at the general public in Singapore.”.
Bank Innovation
FEBRUARY 1, 2018
EXCLUSIVE – Payments might not be a substantial portion of social media platform Facebook’s revenues, but it is an important one — particularly as non-payment companies increasingly begin to launch payment capabilities for social media platforms such as Messenger.
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