mrktplcs 22 Oct 2020: Facebook to launch hyperlocal ‘neighborhoods feature, PayPal goes crypto

Facebook is launching a hyper local groups function called ‘Neighborhoods’. It could obviously have a trading and marketplace application. (Business Insider

“The number of sellers on Amazon didn’t accelerate, despite the sales boom during the pandemic – the pie has gotten bigger, but the competition remained practically the same.” (Marketplace Pulse)

Alibaba’s financial wing Ant Group “has won the final nod from the country’s top securities watchdog for the registration of its Shanghai offering, the regulator said on Wednesday, clearing the last regulatory hurdle for its $35 billion dual-listing.” (Reuters)

PayPal has announced that it is making it possible for wallet holders to buy, sell and hold cryptocurrency like bitcoin, ethereum, bitcoin cash and litecoin in their PayPal accounts. (PYMNTS)

Clothing brand Decathlon is reportedly launching an online marketplace in November. (Tamebay)

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