PYMNTS
JANUARY 10, 2020
Chinese eCommerce and social media startup Xiaohongshu , also known as “Little Red Book,” wants to raise funds at a $6 billion valuation, according to Bloomberg. It was started in 2013 as a community online that would recommend eCommerce sites outside of China.
PYMNTS
JULY 6, 2018
After setting up a group within Facebook to look into blockchain technology, Facebook may be bolstering its efforts in the field: Evan Cheng has taken on the position of director of engineering, blockchain, at the company, according to reports and his LinkedIn profile. But Cheng has tweeted about blockchain topics.
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PYMNTS
SEPTEMBER 24, 2019
In the ongoing move to embrace blockchain, Facebook may have its allies. As reported, the social media giant has some support from IBM. IBM has said it is “willing” to work with Facebook on blockchain, as noted by an IBM executive. Separately, other tech giants are getting into the blockchain fray. Cisco, Too.
PYMNTS
DECEMBER 15, 2019
million from the VeChain Foundation, which is the group behind the VeChain public blockchain platform construction, Yahoo Finance reported. VeChain, which was started in 2015 in Singapore, showcases a lending platform based on the blockchain that aids clients in assessing the quality of items purchased via supply chain analysis.
Insights on Business
FEBRUARY 10, 2019
Blockchain is one of the hottest movements in the financial services industry, but people continue to question where it exists on the hype cycle at every major conference I attend. Also, stop by booth 535 to see live demos and speak with blockchain experts. Digitizing the Flow of Goods, Information and Money with Blockchain.
PYMNTS
MAY 10, 2017
But, Némethi said, it is actually harder than one might think to fake a digital identity even if one wants to — carrying two phones with two completely different search patterns, contact lists and social media profiles is actually a lot of effort. The Power of the Blockchain. That change has happened, but banks are not doing it.
PYMNTS
SEPTEMBER 27, 2019
Crypto startup RSK will buy Spanish social media network Taringa in a bid to expand and to gain access to the platform’s 20 million users, according to a report by Forbes. The crypto space has had trouble at times trying to reach audiences outside of its core community of early adopters and visionaries,” Zaldivar noted.
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