The London-based financial-services technology provider Finastra said Wednesday that it has agreed to offer blockchain technology from Ripple Labs Inc. for cross-border payments processed by its client institutions. In related news, more than 1,500 firms have inquired with the Libra Association about joining the group, the association said, in the …

Friday’s news that PayPal Holdings Inc. is bailing out of Facebook Inc.’s Libra cryptocurrency project underscores the importance of an upcoming meeting of the project’s backers in Geneva, Switzerland, observers say. It has also heightened speculation about whether the project is likely to lose more of the remaining 26 companies …

Confirming speculation that it was having second thoughts about officially joining the Libra Association, PayPal Holdings Inc. disclosed Friday afternoon that it was withdrawing from the controversial cryptocurrency project proposed by Facebook Inc. “PayPal has made the decision to forgo further participation in the Libra Association at this time and …

In a bad week for cryptocurrency, a news report emerged late Thursday that PayPal Holdings Inc. skipped a key meeting of backers of Facebook Inc.’s Libra initiative. And, in the state of Ohio, officials on Wednesday suspended a pioneering site that accepted business taxes via Bitcoin. Twenty-seven of the 28 …

A report Wednesday that at least some members of the consortium backing Facebook Inc.’s Libra cryptocurrency project—including Visa Inc. and Mastercard Inc.—are having second thoughts has drawn fire from the top Facebook executive in charge of the project. “The tone of some of this reporting suggests angst, etc….I can tell …

It faces formidable challenges, but Facebook’s cryptocurrency initiative has the potential to rewire the underpinnings of the entire payments system. Libra, a new stablecoin powered by blockchain technology from Facebook, is a bold, forward-thinking concept and a potential game-changer for blockchain and the payments realm. While it remains to be …

Facebook’s digital money could empower the underbanked, usher cryptocurrency into the mainstream, and accelerate the arrival of real-time payments. For some, that’s not good enough. In Roman times, the libra was a unit of weight roughly equivalent to 12 ounces. Ancient Rome also attached the name to a constellation that …

China has committed itself to digital money. The world, looking upon China as the second-biggest market on the planet, is watching—and following suit. The step is colossal and risky, as it can catapult national economies in a spectacular way. The announcement in June of Facebook Inc.’s Libra project spurred this …

No sooner did Facebook Inc. pull the covers off its Libra cryptocurrency project this past June than the social-media giant ran into a buzzsaw of criticism—from Congress, central bankers, the press, and seemingly right-thinkers everywhere on the planet. Seldom has a payments announcement—let alone one that has to do with …

Policymakers have much work ahead when reviewing cryptocurrencies like the proposed Libra, a European regulator said Wednesday. In related news, a cryptocurrency payment plugin debuts for WordPress. The Libra cryptocurrency project led by Facebook Inc. has “undoubtedly been a wake-up call for central banks and policymakers,” said Benoit Coeure, a …