Trusted Third Parties Should Issue Stablecoins, Not Facebook
By Kseniia Klichova November 29th, 2019
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
By Bhushan Akolkar November 18th, 2019
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
By Bhushan Akolkar November 13th, 2019
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
By Teuta Franjkovic October 8th, 2019
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 October 4th, 2019
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
By Bhushan Akolkar October 3rd, 2019
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
By Bhushan Akolkar October 2nd, 2019
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
By Teuta Franjkovic September 27th, 2019
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
By Teuta Franjkovic September 26th, 2019
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
By Janis Rijnieks September 26th, 2019
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.