Geneva news and trends

Libra’s Unraveling And The Geneva (Crypto) Convention’s Folly
Cryptocurrency // October 14, 2019

After the mass exodus on Friday (Oct. 11) from the Libra project, the cryptocurrency’s remaining 22 corporate backers are gathering in Geneva, Switzerland to throw their weight behind the new cryptocurrency. PYMNTS takes stock of who’s left, what’s next and why building a network without firms...

Swiss Privacy Group Still Waiting To Hear From Facebook On Libra
Cryptocurrency // July 23, 2019

The Swiss Federal Data Protection and Information Commissioner (FDPIC) said it still hasn’t heard from Facebook regarding its supposed oversight of Libra, the social media giant’s proposed cryptocurrency.  The FDPIC said it is still waiting to hear back after it wrote a letter on July...

Why Would Someone (Literally) Flush ~$100K Down The Toilet?
Europe // September 19, 2017

Anyone who has ever been accused of wasting money with the phrase “flushed it down the toilet” will likely be tickled to know that somewhere in Switzerland, two women have taken that old adage quite seriously. Following a report from UBS that concluded that rich...

PayByPhone Parking Goes Live In Switzerland
Europe // July 03, 2015

The mobile payment service from PayByPhone that specializes in parking is now available in all spaces across Geneva. Drivers can pay for their parking via the PayByPhone app on their smartphones. After a successful year and a half pilot trial in 500 spaces across the city,...

Interviews & Exclusives
Libra’s Unraveling And The Geneva (Crypto) Convention’s Folly

October 14, 2019
After the mass exodus on Friday (Oct. 11) from the Libra project, the cryptocurrency’s remaining 22 corporate backers are gathering in Geneva, Switzerland to throw their weight behind the new cryptocurrency. PYMNTS takes stock of who’s left, what’s next and why building a network without firms to lay the critical tech infrastructure — especially for payments — will be no easy undertaking.

Quick Reads
Facebook-Led Libra Names 21-Member Council After Top Firms Flee

October 15, 2019
Facebook’s embattled cryptocurrency Libra was officially formed in Geneva with its 21 remaining members, Libra announced in a press release on Monday (Oct. 14). The Libra Association also named its board of directors and formalized the consortium’s executive team following the Monday (Oct. 14) meeting.  Members include Calibra, Coinbase, Xapo, Anchorage, Bison Trails, Creative Destruction […]

Swiss Privacy Group Still Waiting To Hear From Facebook On Libra

July 23, 2019
The Swiss Federal Data Protection and Information Commissioner (FDPIC) said it still hasn’t heard from Facebook regarding its supposed oversight of Libra, the social media giant’s proposed cryptocurrency.  The FDPIC...

Why Would Someone (Literally) Flush ~$100K Down The Toilet?

September 19, 2017
Anyone who has ever been accused of wasting money with the phrase “flushed it down the toilet” will likely be tickled to know that somewhere in Switzerland, two women have...

PayByPhone Parking Goes Live In Switzerland

July 03, 2015
The mobile payment service from PayByPhone that specializes in parking is now available in all spaces across Geneva. Drivers can pay for their parking via the PayByPhone app on their smartphones....