Trusted Third Parties Should Issue Stablecoins, Not Facebook
eToro believes partnering with authorised partners is the key to success for Libra.
Facebook’s Libra Testnet Logs Over 51,000 Transactions, Says Project Growing Strong
Amidst all the regulatory chaos, Facebook advances the development of its native cryptocurrency project Libra. In the latest update, Libra developers said that the network is running for five months and growing strong.
Despite Libra Hurdles, Facebook Announces Its All-App Payments Service Facebook Pay
The Facebook Pay will be a unified payment service available across all Facebook apps like Messenger, Instagram, and WhatsApp. This service will work independently from Facebook’s Calibra network and wallet.
Facebook’s Libra Will Be Delayed For At Least 3 Years, Believes Ripple CEO
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 Absent From Libra Association Meeting, Might Abandon Facebook’s Project Entirely
By Tolu Ajiboye
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.
Unfazed by All the Negativity, Facebook’s Libra Publishes Roadmap for Mainnet Launch
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.
Bankers Raise a Warning That Facebook’s Libra Will Create Shadow Banking System
The bankers have explicitly stated that Facebook’s Libra will pose huge threat to the consumer demand for deposit accounts, payment volumes, and business models built on privacy.
Libra Association Exec Claims Libra Will Not Replace Existing Money
Talking at a blockchain event at the U.N. headquarters in Geneva, Libra’s managing director Bertrand Perez said Libra will not replace existing fiat currencies, but could help the UN achieve its SDGs as eliminating poverty and achieving gender equality.
ECB Exec: Libra Could Address Global Payments System Problems
ECB Board Member Benoit Coeure has warned that private stablecoins like Libra are posing big risk to the monetary sovereignty, however, they can also solve some of the burning issues.
David Marcus Unveils Facebook’s True Motivation Behind Libra
David Marcus, the head of Calibra wallet, went on Facebook to explain the company’s motivation behind building Libra. David elaborates on why Facebook didn’t choose to build on top of existing systems, but rather chose to build a new one.
Facebook Acquires ServiceFriend, Possibly Building a Chatbot for Calibra Wallet
Facebook has acquired ServiceFriend which is a startup that builds bots. Experts are speculating that this is for the new Calibra wallet support service, however, Facebook hasn’t yet approved this news.
Facebook Releases Full Details of Libra’s Basket of Currencies
Facebook has finally released the full list of the fiat currencies which will back Libra. While it may not come as much of a surprise, what remains yet to be seen is how France and Germany will be encouraged to accept Libra.
Over Twenty Central Banks to Discuss Facebook’s Libra With the Libra Association
In some relief to the Libra Association, officials from 26 central banks will be quizzing Facebook on the scope, scale, and implementation of the Libra project.
Vitalik Buterin Stays Confident about Ethereum 2.0 and Optimistic about Facebook’s Libra
By Darya Rudz
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.
Facebook’s Libra Set to Register as Payment System in Switzerland
Facebook’s Libra cryptocurrency project is seeking a Swiss payment system license, financial watchdog FINMA said, noting the breadth of the planned services would require broad oversight.