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Facebook has announced Libra, its cryptocurrency, a couple days ago, saying it would launch in H1/2020. The project includes a Facebook subsidiary Calibra, that will offer digital wallets, allowing users to buy Libra online and then to exchange it using the Libra app, Facebook Messenger or WhatsApp. The system is based on cryptocurrency fundamentals: a decentralized blockchain, open access, distributed governance and security through cryptography. Facebook says it plans to us

HID global just announced it has reached an agreement to acquire the international identity solutions business of De La Rue. The company clearly says it will “broaden HID Global’s leadership position in the government-to-citizen identification market and extend its capabilities.” De La Rue has been involved in ID systems for years. The UK-based company is issuing secure identity documents for more than 25 countries and has put to work together its longstanding expertise in se

In the payment field as in many others Europe has been rich with past initiatives to establish a Europe-based payment system for years but has met little success. Now, Europe has been sidelined to an observer position in the fight between world superpowers for payment supremacy. While current leading payment schemes, Visa, MasterCard, American Express, … focused on credit and debit cards, they are not the leaders in mobile wallets: key players in the NFC-based mobile wallets

We all know a change of technology is a chicken and egg issue. There is little point for merchants to get equipped with terminals supporting contactless payments when there are few contactless cards on the field and issuers do not see any reason to issue contactless cards when the acceptance network is not ready. Seemingly, 2019 will remain as the year when the payment industry is finally getting out of this vicious circle. Smart Payment Association (SPA), the industry associ