Facebook‘s Libra has been fraught with controversies. From partners withdrawing from the Libra association to Senate hearings on the project, questions like ‘When’s the project launching’, ‘Is it even launching’, ‘Will it really bank the unbanked’, have been left unanswered. In a recent podcast, Joe Lallouz, CEO of Bison Trails and a founding member of Libra […]
One of the less charming aspects of Facebook is its executives’ total inability to read the room. For example, any sensible company under Facebook’s recent level of scrutiny would take the contrite and humble approach — pausing most…
The latest Facebook offices to be closed over the virus.
The pressure from the regulator on Facebook’s potential cryptocurrency project Libra has pushed the social media giant to alternate its plans. A recent
The firm had hoped to revolutionise payments with a single digital currency.
Shopify is the newest member of Facebook’s Libra Association. In a press release, Shopify said it is all part of the company’s mission, it said “We spend a lot of our time thinking about how to make commerce better in parts of the world where money and banking could be far better.” Yahoo Finance’s Dan Roberts breaks down the details about this and the overall state of cryptocurrency.
Regulators in the European Union are reportedly struggling to decide how best to regulate Facebook Libra and the wider sector.
‘It went from this altruistic idea into their own wallet,’ says Ajay Banga
Yet another partner of Facebook’s proposed cryptocurrency known as Libra has backed out of the deal. The British telecommunications operator Vodafone announced its departure from Facebook’s Libra Association on Tuesday. In total, eight companies have now backed out of Libra.
The world is inevitably becoming more and more digital, and Facebook’s digital currency dubbed Libra is a step toward this future.
Facebook into cryptocurrency: plans to launch ‘GlobalCoin’ in 2020.
The final straw for the companies that left on Friday 11 October was when they heard that Facebook founder Mark Zuckerberg would be testifying on Libra to the House Financial Services Committee on 23 October. SOURCE:https://davidgerard.co.uk/blockchain/2019/10/15/facebook-and-libras-terrible-horrible-no-good-very-bad-week/ More