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Sam Altman’s World Network Reportedly in Talks With Visa for Stablecoin Payments

Fintech News

Tools for Humanity, Rain, and Visa did not respond to CoinDesks requests for comment. The initiative could position World Wallet as a serious challenger in the crypto-fintech space, potentially putting pressure on other wallet providers. The project has previously drawn similar attention in Kenya and several European countries.

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DOJ Antitrust Lawsuit Against Facebook No Slam Dunk

PYMNTS

A 14-page report Facebook lawyers prepared in advance of a potential antitrust lawsuit from the government found such action would hurt users, be contrary to established law and cost billions of dollars, WSJ reported after seeing the document. The FTC didn’t immediately respond to a WSJ request for comment.

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EU Could Force Apple To Share Payments Tech With Competitors

PYMNTS

The European Union (EU) could pass new laws that would make it mandatory for Apple to share the payments technology in its iPhones, according to a report from Bloomberg. The new laws would prevent developers from restricting access to their near-field communication (NFC) technology embedded in the phones or other devices, like smartwatches.

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DOJ To Investigate Intuit’s $7B Takeover Of Credit Karma 

PYMNTS

In a letter to the DOJ’s Assistant Attorney General of the Antitrust Division, the chairman of the House Subcommittee on Antitrust, Commercial and Administrative Law urged scrutiny of the deal. “I The DOJ declined to comment. Credit Karma did not respond to a request for comment.

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DOJ, State AGs To Meet On Antitrust Suit Against Google

PYMNTS

A DOJ spokeswoman declined to comment. Google didn’t immediately respond to a request for comment. Facebook’s Mark Zuckerberg, Sundar Pichai of Google , Apple ’s Tim Cook and Jeff Bezos from Amazon made their case that they face competition and are not violating the nation’s antitrust laws.

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Fairway Said To Seek Bankruptcy That Keeps Some Stores Open

PYMNTS

A Village Super Market company representative did not respond to requests for comment nor did a spokesperson from Fairway comment other than an earlier official statement denying the company was intending to go out of business, according to the news outlet. Village Super Market Inc., headquartered in New Jersey, owns ShopRite.

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California Seeks Court Order To Make Uber, Lyft Drivers Employees

PYMNTS

Lyft and the office for the state’s attorney general did not respond to Reuter’s request for comment. Two weeks ago, the California Public Utilities Commission (CPUC), the state agency that regulates ride-hailing companies, said Uber and Lyft drivers are considered employees under the new gig work law.