Facebook launches Facebook Pay and Diem stablecoin

On the eve of the launch of its own stablecoin Diem (formerly Libra), the “locomotive” of social networks Facebook is leading the wayyour way forward with Facebook Pay.

The new Facebook Pay solution will go beyondthe Facebook ecosystem, which includes platforms such as WhatsApp, and will include third-party platforms. The first partner will be online retailer Shopify, which "will be the first to add the system to its sites, followed by others."

Facebook Pay will launch in August.

Facebook had to radically rethink itsplans for Diem after a significant number of its major partners abandoned the project, and the company itself faced serious attacks from regulators and politicians around the world.

The company created the Facebook Financial team, led by co-founder of the Libra blockchain project David Marcus.

Initially, the firm sought to develop a paymenta solution to lock in users on its platform, including users of its subsidiaries Instagram, Messenger and WhatsApp. In the early stages, the company prioritized the launch of payment solutions for WhatsApp in India and Brazil.

In addition, Facebook is testing payment links withQR code for use with Facebook Pay. This will allow US users to send and receive money and share Facebook Pay addresses outside of the Facebook ecosystem apps.

«Facebook Pay will be rolled out in a small number of countries and apps at first, but we intend to bring this service to more people over time.», - written on the Facebook Pay website.

Back in May, the Diem project announced a partnership withUS licensed digital currency bank Silvergate as part of its "strategic transition to the United States." This is a significant concession from the former "lofty" goals of creating the world's first truly global stablecoin driven by the tech giant.

Silvergate is about to issue a Diem token andmanage the dollar reserves of the Diem group of firms. However, Diem is still working on plans to develop a global payments network, and it looks like Facebook Pay may eventually become part of this ecosystem.

Where is it more profitable to buy cryptocurrency? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Bybit	https://bybit.com	7.5
3	OKEx	https://okex.com	7.1
4	Exmo	https://exmo.me	6.9
5	Huobi	https://huobi.com	6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• Platform Features– availability of additional features — futures, options, staking, etc.
• final grade– the average number of points for all indicators determines the place in the ranking.

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