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Facebook exec moves to blockchain
Evan Chen, Facebook's director of engineering, has a new role: Director of Engineering, Blockchain. Cheng, who also used to work at Apple, revealed the change in an update to his LinkedIn profile.
The addition of Cheng to Facebook's blockchain group, following a similar move by former PayPal president
Cheng is also reportedly an advisor to blockchain startups and projects including Zilliqa and ChainLink, according to TechCrunch.
Face ID takes flight
Sydney Airport is testing a facial biometric check-in system that replaces the use of passports and boarding passes for Qantas passengers.
"Your face will be your passport and your boarding pass at every step of the process," Sydney Airport CEO Geoff Culbert tells
The test is part of a $22.5 million project to deploy facial recognition tech at Australia's airports over the next three years, the article states.
Ant's WiFi investment
Ant Financial, the Alibaba affiliate that operates Alipay, has invested in Peanut Subway, a provider of WiFi on subway systems,
The news follows last month's bid by rival Tencent, working with automaker Zhejiang Geely Holding Group, to obtain a 49% stake in High Speed Network Technology Co., which provides WiFi on high-speed rail lines across China, the article states.
Razer's new game
Gaming hardware maker Razer has launched its mobile wallet in Malaysia, where it can be used for P2P transfers and payments at more than 6,000 retailers in the region, including Starbucks, Wendy's and 7-Eleven.
Called
San Francisco-based Razer
From the Web
Forbes | Thu July 5, 2018 - July 4, 2018 marks a historical day for Malta, as the Maltese Parliament has officially passed 3 bills into law, establishing the first regulatory framework for blockchain, cryptocurrency and DLT (Distributed Ledger Technology). This makes Malta the first country in the world to provide an official set of regulations for operators in the blockchain, cryptocurrency and DLT space.
The Japan Times | Fri July 6, 2018 - The rise of cryptocurrencies has shone the spotlight on their underlying technology, which is known as the blockchain. A wide number of startups are now pitching services using the technology, which is often touted as the next major development since the internet.
TechCrunch | Fri July 6, 2018 - Few debates can get as heated in blockchain circles as the simple question: which chain(s)? Will a single public blockchain such as Ethereum become the one chain to rule us all, or will multiple chains co-exist in the marketplace?
More from PaymentsSource
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The payments processor has pulled its submission to the FDIC to become a depository bank but says it plans to make a second attempt soon.
The GDPR doesn’t mandate how data requests should be made, but it does say that organizations handling personal data should be prepared to handle the requests. One would be right to wonder whether companies are as prepared as they should be.
