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Facebook And Google Payments Efforts Top Week’s News

PYMNTS

Users of Facebook Pay , which the company said is not related to its proposed cryptocurrency Libra, will be able to enter a preferred payment method and then use the option to eventually pay throughout all of the related apps. Deutsche Bank told U.K. Amazon To Build $40M Robotics Innovation Hub Near Boston.

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Fed, Central Banks Frame Criteria For Digital Currency

PYMNTS

A May BIS survey of 66 central banks indicated that 80 percent are working on CBDCs. . Fed Governor Lael Brainard said in August that the Federal Reserve Bank of Boston is working with researchers at MIT to “build and test a hypothetical digital currency oriented to central bank uses.”

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Fintech Fundings: 15 Companies Raise $125 Million Week Ending May 1

Fintech Labs Insights

There were two jumbo rounds: $50 million to cryptocurrency startup Circle and $30 million to multiple Finovate Best of Show winner MX (formerly Money Desktop). Digital currency provider. HQ: Boston, Massachusetts. Digital banking platform for financial institutions. Total raised: $76 million. Source: Crunchbase.