facebook libra project Archives

Libra Can Boost Facebook’s Ads Business, Mark Zuckerberg Says

Zuckerberg explained that with Libra it could be easier for individuals to transfer money or pay for goods across national borders, which would be an advantage for both businesses and Facebook.

Facebook’s Libra Appoints HSBC Legal Chief Stuart Levey as CEO

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By Darya Rudz May 7, 2020

Stuart Levey will step down as Chief Legal Officer for HSBC Holdings this summer. Then, he will join the Libra Association as its CEO.

Tagomi Joins Facebook’s Libra Association and Becomes Its 22nd Member

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By Darya Rudz Feb 27, 2020

Joining the Libra Association, Tagomi will contribute at least $10 million to spend on the developing cryptocurrency. It will also support Libra, providing the necessary technical and policy assistance.

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Vodafone Joins Companies that Quit Facebook-Run Libra Association

By Darya Rudz Jan 22, 2020

As Vodafone has decided to quit the Libra Association, it will focus more on its digital payment service M-Pesa and expand it beyond the six African nations it currently serves.

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Visa, Mastercard and Other Major Libra Backers Want to Pull Out from the Deal

By Wanguba Muriuki Oct 2, 2019

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.

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Mark Zuckerberg Claims Facebook Has Matured and Is Ready to Become More Socially-Responsible

By Darya Rudz Sep 26, 2019

Mark Zuckerberg has ensured that now, when Facebook’s team is getting ready to launch their crypto project Libra, they are really focused on doing it right.

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Facebook Agreed to Acquire Brain Computing Startup CTRL-labs

By Wanguba Muriuki Sep 24, 2019

Facebook has agreed to take over New York-based CTRL-labs to help the startup develop a new device that will let people control digital devices using their minds in a deal reportedly worth $1 billion.

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Vitalik Buterin Stays Confident about Ethereum 2.0 and Optimistic about Facebook’s Libra

By Darya Rudz Sep 16, 2019

On Sunday, the Ethereal Summit took place. At the event, Ethereum’s Joseph Lubin and Vitalik Buterin commented on the Ethereum 2.0 update and discussed possible collaboration with Facebook on its Libra currency.