Facebook will launch its digital currency Libra in January
Facebook’s digital currency project, Libra, will be released in January and its value will be backed by the US dollar.
RelayPay launches to expose Aussie retailers to $600b in crypto
RelayPay enables users to quickly purchase crypto or exchange back to dollars, directly from their crypto wallets or bank accounts.
InfraRisk, Wagepay launch digital wage advance product to disrupt fintech market in Australia
InfraRisk, a leading fintech solutions provider specialising in digital lending and risk management, launches Wage-on-Demand lending platform Wagepay.
Revolut introduces Junior accounts for Aussie parents and kids
Revolut Junior accounts are connected to a money management app and prepaid card designed specifically for kids between the ages of 7-17
RBA partners with CommBank, NAB, Perpetual and ConsenSys Software on digital currency research
The Reserve Bank is partnering with Commonwealth Bank, NAB, Perpetual and ConsenSys Software to explore the potential use of a central bank digital currency
Australian government to review domestic payments system regulation
The Australian government will review the regulatory architecture of the country’s payments system to ensure it can support continued innovation.
Days of cash payments numbered as 19% of Aussie wallets go digital
New research shows that 19% of Australians – equivalent to about 3.7 million – now use digital wallets such as Apple Pay, Google Pay, and Samsung Pay.
PayPal to allow buying and selling of Bitcoin
Online payments platform PayPal will soon let its users buy, sell, and hold Bitcoin, Bitcoin Cash, Litecoin, and Ethereum on their accounts.
