Breaking News

Viltrox Announces AF 15mm F1.7 Air MSI Prestige 16 AI Mercedes-AMG Motorsport Limited Edition Laptop GAMEMAX Introduces AERIS 330 Series micro-ATX PC Case COLORFUL Launches Rimbook Series Laptops Circular Smart Rings Offer Early Detection of Sickness Symptoms

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • 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

  • Primary Crypto Calculation Methods Everyone Should Know

  • The Top 4 Crypto Browser Extensions

  • What Are The Similarities Between The Metaverse And The Matrix?

  • 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

Latest News

Viltrox Announces AF 15mm F1.7 Air
Cameras

Viltrox Announces AF 15mm F1.7 Air

MSI Prestige 16 AI Mercedes-AMG Motorsport Limited Edition Laptop
Consumer Electronics

MSI Prestige 16 AI Mercedes-AMG Motorsport Limited Edition Laptop

GAMEMAX Introduces AERIS 330 Series micro-ATX PC Case
Cooling Systems

GAMEMAX Introduces AERIS 330 Series micro-ATX PC Case

COLORFUL Launches Rimbook Series Laptops
Enterprise & IT

COLORFUL Launches Rimbook Series Laptops

Circular Smart Rings Offer Early Detection of Sickness Symptoms
Consumer Electronics

Circular Smart Rings Offer Early Detection of Sickness Symptoms

Popular Reviews

be quiet! Light Loop 360mm

be quiet! Light Loop 360mm

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Noctua NH-D15 G2

Noctua NH-D15 G2

Soundpeats Pop Clip

Soundpeats Pop Clip

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

be quiet! Pure Base 501

be quiet! Pure Base 501

Terramaster F8-SSD

Terramaster F8-SSD

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • 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