Libra

Libra (cryptocurrency) Libra is a permissioned blockchain digital currency proposed by the American social media company Facebook. ... The currency and network do not yet exist, and only rudimentary experimental code has been released. The launch is planned to be in 2020.

Source: en.wikipedia.org

Today In Payments: Ant Financial Acquires Stake In Klarna; Coronavirus Crippling $1.7T Tourism Sector
Today In Payments: Ant Financial Acquires Stake In Klarna; Coronavirus Crippling $1.7T Tourism Sector
March 04, 2020  |  News

In today’s top payments news, Ant Financial has acquired a minority stake in FinTech Klarna, the coronavirus has crippled the $1.7 trillion global tourism industry,...

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Libra’s Stumbles, Coronavirus Gains Show Pitfalls of A ‘Global’ Currency
Libra’s Stumbles, Coronavirus Gains Show Pitfalls of A ‘Global’ Currency
March 04, 2020  |  Facebook

Global events — which include the coronavirus, now stretching across more than 60 countries – make one’s mind cast toward what else might be on...

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Facebook Revamps Libra Under Pressure
Facebook Revamps Libra Under Pressure
March 03, 2020  |  Facebook

Facebook is reportedly considering changing the makeup of its proposed Libra currency so it will accept a variety of coins, including those of central banks...

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Shopify Joins Libra Association
Shopify Joins Libra Association
February 21, 2020  |  Facebook

Facebook’s Libra Association added a new member after a number of participatory companies left the organization in the past few months, according to a report...

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Facebook Expenses Rise 51 Pct As Regulatory Pressure Increases
Facebook Expenses Rise 51 Pct As Regulatory Pressure Increases
January 29, 2020  |  Earnings

Facebook reported a 51 percent spike in its costs and expenses for the full year 2019 — that increase coming as the social media platform...

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Former China Bank Gov Against Rushing Digital Currency
Former China Bank Gov Against Rushing Digital Currency
January 28, 2020  |  International

A former Chinese deputy governor is urging President Xi Jinping to rethink his response to Libra after the U.S. hearing last October. Instead of making...

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Sizzle Fizzle: Virus May Weaken China’s Economic Growth
Sizzle Fizzle: Virus May Weaken China’s Economic Growth
January 24, 2020  |  Sizzle/Fizzle

It’s the unforeseen events that send economies into rough patches, toward slowing growth and even into decline. And while we’re not speculating that an economy that...

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Top News In Payments: More Companies Ponder Malaysia Banking Application; Vodafone Bails On Libra
Top News In Payments: More Companies Ponder Malaysia Banking Application; Vodafone Bails On Libra
January 22, 2020  |  News

In today’s top news, Grab, Razer, AirAsia and CIMB join other companies considering applying for one of five digital banking licenses in Malaysia, and Vodafone...

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Vodafone Bails On Libra
Vodafone Bails On Libra
January 21, 2020  |  Facebook

Another company has left the Libra Association, a conglomerate of companies meant to help get Facebook’s cryptocurrency off the ground and handle regulatory initiatives and...

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