Facebook edges towards digital currency with rebranded wallet
Facebook has renamed its digital wallet Novi as it takes another incremental step forward with its Libra digital currency.
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Libra
Libra Association distances itself from global digital currency
The Libra Association has entered into the first phase of the payment system licensing process, but its global plans have been replaced with several, localised stablecoins.
Vodafone snubs Libra in favour of M-Pesa
Vodafone has withdrawn from Facebook’s digital currency initiative Libra, as regulators and bureaucrats circle overhead.
Libra attempts to placate everyone else
Facebook’s Libra cryptocurrency has received almost universal push-back since its announcement, so now it’s looking for ways to placate its critics.
Libra partners stampede for the exit
Visa and Mastercard are among a group of partners in Facebook’s Libra cryptocurrency venture to decide the whole thing is too risky.
Facebook’s Libra cryptocurrency coalition starts to crumble
Internet financial services giant PayPal is the first member of the Libra coalition to jump ship and probably won’t be the last.
France rediscovers the importance of sovereignty in response to Facebook’s cryptocurrency
The French Finance Minister has said he will block Facebook’s plans to launch a global cryptocurrency, citing its threat to monetary sovereignty.
Libra backers getting twitchy as regulators get probey
Like cockroaches scattering from the light, bankers are reportedly high-tailing it away from Facebook’s venture into cryptocurrency.
49% of US and UK would not trust Facebook for cryptocurrency
Not many people understand the complexities of cryptocurrency and an alarming number of people don’t trust Facebook; it seems combining the two is not a well-received idea.
Switzerland surprised to hear it will be regulating Facebook’s cryptocurrency
In a testimony before the US Senate Facebook indicated its Libra cryptocurrency will run from Switzerland, but it forgot to ask the Swiss if that was OK.
US lawmakers formally demand a halt to Facebook’s Libra cryptocurrency
As threatened a couple of weeks ago, the House Financial Services Committee has called for Facebook to halt its cryptocurrency plans.
US politicians alarmed by Facebook’s cryptocurrency masterplan
The announcement of a new currency led by Facebook has caught the attention of US law-makers and not in a good way.
Facebook leads corporate cryptocurrency initiative Libra
Social media giant Facebook has announced the launch of Libra, a ‘stablecoin’ apparently designed to revolutionise the digital payments market.
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