Digital currencies

What Facebook really needs is another heavyweight like Amazon or Google to help spur cryptocurrency competition.

The rush to hold hearings in both the House and the Senate reflects broad skepticism across the political spectrum about the social network's plan to develop an alternative payment system.

Facebook’s cryptocurrency pilot highlights just how important it is for regulators and banks to figure out where they land in the emerging monetary digital age.

CEO David Solomon said that Goldman is “absolutely’’ looking at digital currencies and conducting “extensive research’’ on tokenization.

If Libra becomes a major financial force, the stability of global finance is on the line.

Many people still distrust banks, but many also look askance at the social media giant, making it an unlikely savior of the unbanked.

Former Barclays CEO John Varley was accused of trying to obtain funds to avoid a government bailout; borrowing to pay for weddings surged last year.

Facebook's plans to launch its Libra cryptocurrency dominated much of the discussion at American Banker's Digital Banking conference last week, but attendees also debated what big tech company might strike next and what future digital innovations are in store.

If Libra becomes a major financial force, the stability of global finance is on the line.

The Facebook digital-currency unit has a logo nearly identical to that of the challenger bank Current, which has been around since 2015.