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Project Libra: Facebook to launch stablecoin-based payments network

Facebook’s long-rumored stablecoin will be at the center of a brand new payments network, according to a report in The Wall Street Journal. Project Libra, as the blockchain initiative is called internally, will reportedly involve a stablecoin backed by government currency.

Read more: http://bit.ly/2IZvQMo

Hong Kong slow to go cashless? Blame success of Octopus card, minister says

Hong Kong is lagging behind mainland China in becoming a cashless society because the city’s first such payment option, the contactless Octopus card, was so successful that the city stopped exploring more options, Secretary for Commerce and Economic Development Edward Yau Tang-wah says.

Read more: http://bit.ly/2zQSUb7

Hong Kong slow to go cashless? Blame success of Octopus card, minister says

Hong Kong is lagging behind mainland China in becoming a cashless society because the city’s first such payment option, the contactless Octopus card, was so successful that the city stopped exploring more options, Secretary for Commerce and Economic Development Edward Yau Tang-wah says.

Read more: http://bit.ly/2zQSUb7

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