Libra co-creator David Marcus announced the establishment of a new payments-focused group under Facebook - Facebook Financial on August 10, which will oversee the entirety of any payments and financial…
Facebook CEO Mark Zuckerberg was faced with the question of how the main Facebook platform and app can benefit from Libra’s integration, to which he said that an “increase in…
Facebook’s Libra is reportedly considering redesigning aspects of its stablecoin project in the face of worldwide regulatory opposition to its initial plan and roadmap.
The Libra Association posted the development of their blog saying that 51,000 transactions have been logged since the testnet was reset in September. Although many banks around the world are…
PayPal Withdraw from Libra
PayPal has withdrawn from the Libra Association and as a result, other founding members are beginning to show signs of hesitation when it comes to signing on…
Jason Kelley, General Manager of blockchain services at IBM, said the global tech giant is ready to work with Facebook on Libra.
The IBM executive told CNBC that the company is…
By Nicola Fioravanti on Unsplash
Amidst all the criticisms about Facebook from financial institutions worldwide, a report from Reuters reveals that Facebook did seek regulatory counsel and had discussions with British…
Libra representatives met on September 16 with officials from the European Central Bank (ECB) and other 25 global central banks to discuss and assess the financial stability of Facebook’s ambitious…
Facebook’s Libra has been dealing with an onslaught of criticism lately especially from regulators in the EU. France's Minister of Finance, Bruno Le Maire, recently called on the European Union…
A report from Reuters on September 12 state that Facebook is requesting a payments systems license from the Swiss Financial Supervisory Monetary Authority (FINMA) for Libra.
Facebook has come under intense…