Breaking News

Greenliant Launches High Capacity 1TB microSD ArmourDrive™ Industrial Memory Cards World’s first cognitive intelligence TV, Sony BRAVIA XR A90J, to go on sale in Europe in March What Is Cloud Gaming? One UI 3 Brings Seamless Continuity and Intuitive Interactions to the Galaxy Z Fold2 GIGABYTE Launches AORUS ELITE series graphics cards

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Vodafone Quits Facebook’s Digital Currency Project

Vodafone Quits Facebook’s Digital Currency Project

Enterprise & IT Jan 24,2020 0

Vodafone has been added to the list of companies that have pulled out of the Libra Association, raising further doubt that the digital currency will get off the ground this year.

Facebook unveiled the vision for Libra, which it has promised will promote “financial inclusion” around the world, in June. At the time, there were 28 members in the Libra Association, a nonprofit Facebook founded to manage the digital currency system. Then, in October, PayPal kicked off a string of high-profile exits including Visa, Mastercard, eBay, and Stripe. Vodafone is the first one to back out so far this year. Remaining members include Uber, Lyft, and Spotify.

Vodafone says it plans to devote resources previously meant for Libra to M-Pesa, its digital payments platform that is already established in several African nations, Afghanistan, India, and Romania. It is not clear whether Libra might represent competition for M-Pesa.

Since day one, Libra has faced skepticism and resistance from policymakers around the world, many of whom still aren’t sure of how to approach it from a regulatory standpoint. Although the goal is to launch the currency this year, with 100 total members, it won’t be surprising if it doesn’t make that deadline.

The Libra Association insists that the project will continue and says that it will take as long as necessary to ensure the approval of regulators before launching.

Tags: Facebook LibracryptocurrencyVodafone
Previous Post
Researchers Unveil Detailed Map of a Fly’s Brain Connectivity
Next Post
Google’s Digital Wellbeing Experiment Wants You to Seal Your Smartphone in an Envelope

Related Posts

  • Reddit to Reward Active Users With a Cryptocurrency

  • VodafoneZiggo Launches 5G Network in the Netherlands

  • Facebook Outlines Changes Made to Libra Including Support for Multiple Single-Currency Coins

  • Vodafone to Offer 30 Days of Free Unlimited Mobile Data for 500,000 Vulnerable Customers

  • Opera Lets US Users Buy Crypto With Apple Pay or Debit Card

  • Shopify to join Facebook's Libra Currency Group

  • Australian Federal Court Allows TPG-Vodafone Merger

  • Europe Won't Accept Private Digital Currencies

Latest News

Greenliant Launches High Capacity 1TB microSD ArmourDrive™ Industrial Memory Cards
Cameras

Greenliant Launches High Capacity 1TB microSD ArmourDrive™ Industrial Memory Cards

World’s first cognitive intelligence TV, Sony BRAVIA XR A90J, to go on sale in Europe in March
Consumer Electronics

World’s first cognitive intelligence TV, Sony BRAVIA XR A90J, to go on sale in Europe in March

What Is Cloud Gaming?
Gaming

What Is Cloud Gaming?

One UI 3 Brings Seamless Continuity and Intuitive Interactions to the Galaxy Z Fold2
Smartphones

One UI 3 Brings Seamless Continuity and Intuitive Interactions to the Galaxy Z Fold2

GIGABYTE Launches AORUS ELITE series graphics cards
Gaming

GIGABYTE Launches AORUS ELITE series graphics cards

Popular Reviews

CeBIT 2005

CeBIT 2005

Zidoo Z9S 4K Media Player review

Zidoo Z9S 4K Media Player review

CeBIT 2006

CeBIT 2006

LiteOn iHBS112 review

LiteOn iHBS112 review

Club3D HD3850

Club3D HD3850

Crucial P1 NVMe 1TB SSD review

Crucial P1 NVMe 1TB SSD review

Toshiba Exceria M303 64GB and M501 Exceria Pro 64GB MicroSDXC review

Toshiba Exceria M303 64GB and M501 Exceria Pro 64GB MicroSDXC review

Hitachi DZ-MV100A DVD Camcorder

Hitachi DZ-MV100A DVD Camcorder

  • Home
  • News
  • Reviews
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed