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Searching for: "Libra"


Libra is a cryptocurrency developed by Facebook. Libra’s mission is “a simple global currency and financial infrastructure that empowers millions of people”. Libra uses a basket of stable currencies and assets as a reserve. Libra doesn’t challenge the power of money issuance typically owned by the central government, but Libra has the potential to replace money flow services of the current financial system, further reduce the role of banks and other financial institutions in financial services.

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Facebook’s Libra Developers Release Initial Roadmap
The developers behind Facebook’s cryptocurrency project Libra have released their initial roadmap outlining the milestones they plan to achieve prior to the mainnet launch of the Libra blockchain.

Libra Association - Visa and MasterCard Have Second Thoughts
Libra internal struggles. Visa and MasterCard consider leaving.

Facebook’s Libra Likened to 2008 Subprime Mortgage Fiasco
Senator Brown compared Facebook's Libra to the subprime mortgage scenario. His sentiments show the divided debate facing the Libra project.

Shopify Becomes Member of the Libra Association
Canadian-based e-commerce giant Shopify has announced it will become the latest member of the Libra Association's governing council.

Gemini's Winklevoss Twins Willing to Dive into Facebook's Libra Project
Winklevoss twins, the Gemini Founders have made a revelation about a possible partnership with Facebook on the Libra Project.

Blockchain Capital Joins the Libra Association as Newest Governing Member
Blockchain Capital investment company has joined the Libra Association as a governing member.

Libra Testnet ‘Going Strong,’ Boasts Over 51000 Transactions and 34 Projects
Regulators may think it’s the work of the devil but Facebook’s crypto project, Libra, has been “going strong.”

Libra Forms Governing Board Despite Shrinking Membership
The Libra Association has reaffirmed its commitment in creating a payments-oriented stablecoin, holding its inaugural meeting yesterday in Geneva, Switzerland.

Facebook’s Libra Creating Shadow Monetary Ecosystem Warns FAC
Facebook’s creation of cryptocurrency Libra will spawn a ‘shadow banking’ system outside of sanctioned financial markets according to US banks.

Vodafone Follows PayPal and Visa to Leave Facebook's Libra Association
Maybe what Facebook is not doing right that costs it to lose founding partners? Breaking news shows that Facebook’s Libra has lost another member of its council. This time round, Vodafone has confirmed to have left Libra Association.

Will Facebook Ever Be Able to Launch Libra?
In recent speculation, Facebook has acknowledged that there are several regulatory issues that are preventing the progress of launching Libra globally.

Facebook Considers Fiat-pegged Stablecoins for Libra
Despite facing constant criticism, Libra continues to stead on, with consideration of using Fiat – Pegged Stable coins for the project to replace its initial proposal of having a synthetic unit.