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Saturday, October 24, 2020
update:-facebook-cryptocurrency-project-faces-more-turmoil-ahead-of-launch

UPDATE: Facebook Cryptocurrency Project Faces More Turmoil Ahead Of Launch

Several more “founding members” of Facebook’s cryptocurrency project Libra have pulled out of the program ahead of the first board meeting for the currency’s governing body Monday. “Stripe and eBay have followed PayPal in backing out of Facebook’s cryptocurrency, Libra,” Engadget said. “They confirmed to the Financial Times that they would pull their support, while Mastercard and Visa have also dropped out.” Neither…
tech-journalists,-experts-call-paypal’s-decision-to-back-out-of-facebook’s-cryptocurrency-plan-a-‘blow’-to-the-social-media-giant

Tech Journalists, Experts Call PayPal’s Decision To Back Out Of Facebook’s Cryptocurrency Plan A...

October 07, 2019 6:00 PM ET A number of tech experts are calling PayPal’s decision to back out of Facebook’s cryptocurrency plan a “blow” to the social media giant. The decision came after other major companies like Visa and Mastercard were reportedly reconsidering their involvement in the program, according to The Wall Street Journal. Libra…
paypal-cuts-ties-with-facebook’s-cryptocurrency-project

PayPal Cuts Ties With Facebook’s Cryptocurrency Project

PayPal, a major tech company and payment processing firm, has decided not to participate in Facebook’s creation of an in-house built cryptocurrency called Libra. “PayPal has made the decision to forgo further participation in the Libra Association at this time and to continue to focus on advancing our existing mission and business priorities as we…
libra-members-consider-quitting-project-due-to-gov’t-pressure:-report

Libra Members Consider Quitting Project Due To Gov’t Pressure: Report

Authored by Marie Huillet via CoinTelegraph.com, At least three of Facebook’s early backers for its planned Libra stablecoin launch are considering withdrawing their support in light of the fierce regulatory pushback. image courtesy of CoinTelegraph A report from the Financial Times on Aug. 23 alleges that two founding partners of Facebook’s Libra Association have held discussions about what…
libra-will-upset-world-economy-if-it-isn’t-regulated-tightly,-g7-warns

Libra Will Upset World Economy If It Isn’t Regulated Tightly, G7 Warns

Authored by Thomas Simms via CoinTelegraph.com, Cryptocurrencies such as Libra risk upsetting the world’s financial system if they are not regulated tightly, G7 finance ministers have warned. image courtesy of CoinTelegraph According to Reuters, French finance minister Bruno Le Maire told a news conference on July 18 that the G7 “cannot accept private companies issuing their…
libra-as-a-competitor-to-inflationary-central-banks

Libra As A Competitor To Inflationary Central Banks

Authored by Pietro Bullian and Fabrizio Ferrari via The Mises Institute, As an international private currency, Libra will be in competition with publicly issued currencies. It could have large and fruitful repercussions on the global monetary policy, especially with reference to those countries where central banks are still heavily subject to political influence and tend…
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