Facebook CEO Mark Zuckerberg is set to testify before the Financial Services Committee of the United States Congress later this month.
In recent news, Binance has confirmed the support of WeChat and Alipay as their new fiat-to-crypto gateway. That way, with the help of Binance, the citizens of China now will be able to purchase Bitcoin.
After trying at a similar endeavor and failing in December last year, Robinhood has announced a feature that promises users returns on their uninvested funds. The new feature is now also fully insured with over $1 million.
Ripple CEO Brad Garlinghouse said that Libra would not get off the ground for at least three years. He thinks regulatory scrutiny over Facebook’s crypto project is due to the social media giant’s privacy debacle last year.
PayPal was the only company noticeably absent at the recently held Libra Association meeting. The payment giant is reportedly planning to quit Facebook’s project to keep its hands clean of regulatory dirt.
Apple’s Tim Cook has snubbed-off any plans to launch any cryptocurrency. He said that currency matters best belong to government and regulators and private organizations should stay away from it.
IKEA has completed the supply chain transaction which used e-money using smart contracts on the Ethereum blockchain and via the Tradeshift platform. The company views the transaction as pivotal for the sector.
The Libra Association mentions four key milestone to be achieved before the mainnet launch. The focus is to get at least 100 partners working as operating nodes on the Libra network.
One of the biggest blockchain payments provider BitPay, recently announced that they are going to add support for XRP later this year. The support for the third-largest cryptocurrency by market capitalization will most likely happen at the end of the year.
Facebook’s Libra is facing many regulatory challenges that have made institutional backers like MasterCard, Stripe, PayPal, and Visa lead several other potential partners in casting their doubts about the project.