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Will Facebook’s Libra Become the Go-To Payment System Where Banks Fall Short?

In India and Africa, tens of millions live far from banks or use a currency prone to inflation or volatility. Europeans and Americans have their Visa and Mastercard.....»»

Category: europeSource: fortuneJun 28th, 2019

Banks May Cut Ties With Facebook If Libra Is Launched: ING CEO

Banks May Cut Ties With Facebook If Libra Is Launched: ING CEO Authored by Adrian Zmudzinksi via CoinTelegraph.com, Banks may be bound to stop working with social media g.....»»

Category: blogSource: zerohedgeOct 23rd, 2019

Zuckerberg to Tell Congress: Libra Can Fix ‘Failing’ Financial System

Facebook's CEO released his written testimony a day before his scheduled appearance before the U.S. House of Representatives......»»

Category: forexSource: coindeskOct 22nd, 2019

Facebook Risks Banking Ties Over Libra Concerns, Says ING Exec

ING CEO Ralph Hamers said Libra could make it difficult for banks to accept or keep the project's creator as a client......»»

Category: forexSource: coindeskOct 22nd, 2019

Factbox: Facebook"s Libra in trouble as firms jump ship

A number of payment processors and fintech companies that joined Facebook Inc's digital currency project Libra with great fanfare earlier this year, have abandoned the project, dealing a blow to the social media giant's plans......»»

Category: topSource: reutersOct 14th, 2019

Facebook"s Libra faces support test after payment giants jump ship

Facebook's Libra cryptocurrency faces a pivotal meeting of backers on Monday, days after the ambitious project to bring digital coins into mainstream commerce suffered a severe setback when major payment firms quit......»»

Category: topSource: reutersOct 14th, 2019

Facebook CEO Mark Zuckerberg agrees to testify before Congress on Libra

Lawmakers are scrutinizing Facebook’s planned cryptocurrency and its possible effects on the global financial system.....»»

Category: topSource: washpostOct 9th, 2019

ING’s Chief Economist Predicts Central Bank Digital Currencies in 2-3 Years

Dutch bank ING's chief economist has said Facebook's Libra is pressuring central banks to launch their own digital currencies, and soon......»»

Category: forexSource: coindeskSep 27th, 2019

Libra Crypto Is ‘Undoubtedly’ a Wakeup Call for Central Banks, Says ECB Exec

The Facebook-backed stable coin solves problems and could create others......»»

Category: forexSource: coindeskSep 26th, 2019

Mark Zuckerberg Struggles to Keep Libra Alive

A cryptocurrency run by central banks might be better than one run by Facebook and friends. That still doesn’t make it a good idea......»»

Category: topSource: washpostSep 18th, 2019

Central Banks to Question Facebook-Led Libra Over Financial Risks

The Libra Association is to be grilled by 26 central banks over the perceived risks to financial stability posed by the crypto project......»»

Category: forexSource: coindeskSep 16th, 2019

International banks to scrutinize Facebook"s Libra cryptocurrency

The digital currency will face questions from regulators......»»

Category: topSource: moneycentralSep 16th, 2019

Global Central Banks to Question Facebook-Led Libra Over Financial Risks

The Libra Association is to be grilled by 26 central banks over the perceived risks to financial stability posed by the crypto project......»»

Category: forexSource: coindeskSep 16th, 2019

Rep. Waters Says Congress Will Continue Review of Facebook’s Libra

Congresswoman Maxine Waters announced a tentative schedule for this fall including a continued review of Facebook's Libra initiative......»»

Category: forexSource: coindeskAug 23rd, 2019

Crypto Asset NYM to Fuel Test of Tokenized Facebook Login Alternative

Privacy-focused Nym Technologies plans to launch a testnet this fall. Its identity system masks identifying user data across blockchains......»»

Category: forexSource: coindeskAug 21st, 2019

Market Extra: Facebook already faces ‘the first real competitor’ to crypto Libra

Facebook has been scrambling to get its global cryptocurrency payment network called Libra off the ground, but challengers abound......»»

Category: topSource: marketwatchAug 20th, 2019

Ex-CFTC Advisor: Facebook’s Libra Could Be Both Security and Commodity

Security? Payment token? Utility token? Defining Facebook's Libra won't be easy, and it's not Facebook's call, says Jeff Bandman......»»

Category: forexSource: coindeskJul 17th, 2019

It’s Not Up to Facebook to Decide What Libra Is, Ex-CFTC Advisor Says

Security? Payment token? Utility token? Defining Facebook's Libra won't be easy, and it's not Facebook's call, says Jeff Bandman......»»

Category: forexSource: coindeskJul 17th, 2019

"PayPal Is F**ked": BitMEX CEO Says Facebook Libra Will Make Banks "Dumb Nodes"

Authored by William Suberg via CoinTelegrap.....»»

Category: blogSource: zerohedgeJul 10th, 2019

Bitcoin hits $11K: A timeline of cryptocurrency"s rise, fall and rebound

Bitcoin’s price has climbed steadily in recent months as Facebook prepared to launch its digital currency, Libra......»»

Category: topSource: foxnewsJun 24th, 2019

Project Syndicate: Facebook’s cryptocurrency would be too big to bail out

After years of disregarding privacy, exploiting user data, and failing to control its platform, Facebook has now unveiled a cryptocurrency and payment system that could take down the entire global economy......»»

Category: topSource: marketwatchJun 24th, 2019