The payment operation, which has been awaiting regulatory approval for three years, will first focus on small merchants and will be implemented gradually in the South American country.
Meta has delved into the world of NFTs and web3 to help creators monetize their assets. They say partnerships with fintechs are essential.
Silvergate, a US-based crypto bank that first partnered with the Facebook venture to create a stable coin last May, said in a release they paid $182 million for the operations infrastructure.
Making news this week is the bankruptcy of a crypto platform, Meta gives up on Novi, Upstart hits some headwinds, startup funding is down, the US Treasury develops a framework for crypto and more
The beginning of February '22 will be remembered for one thing: Facebook — and the tech market it has come to represent — had a terrible quarter.