Tag: Libra
Facebook officially launches Libra despite defections
Facebook has officially moved forward with its plans to create a new digital currency called Libra, despite several high-profile defections from the project and intense criticism from US regulators and politicians. The Libra Association, the non-profit group that will govern the currency, officially signed 21 charter members on Monday at the organisation’s inaugural meeting in…
Visa and Mastercard pull out of Facebook’s Libra currency
Visa and Mastercard have announced their departure from Facebook’s Libra project in a potentially fatal blow to the social network company’s plan for a worldwide digital currency. Along with the two payment giants, several other large companies have said they are exiting Libra. Payment processing company Stripe said it is stepping back, as well as…
MPs consider probe into Facebook Libra cryptocurrency
A probe into Facebook’s Libra digital currency plans is being considered by MPs, it has been reported. Concerns have been raised over the social network’s intentions to start a cryptocurrency called Libra, which will be run by a number of firms including Mastercard, Visa and PayPal. Facebook will incorporate the currency into its digital wallet…
