• Mastercard CEO Ajay Banga Facebook Libra
    Alt coins,  Politics,  Regulation

    Mastercard’s chief tosses Facebook’s Libra under the bus

    The credit card firm’s CEO, Ajay Banga, said compliance concerns were the reason he pulled out of Facebook’s stablecoin project

    Mastercard CEO Ajay Banga told the Financial Times on Monday that important members of the Libra Association wouldn’t give a firm commitment to follow local laws in all circumstances, including know your client (KYC) and anti-money laundering (AML) regulations.

  • Vodafone says Africa is calling. Gonna focus on M-Pesa instead of Libra. (via iStock)
    Cryptocurrencies,  Libra

    Vodafone quits Libra Association

    The British telecom giant has become the eighth big company to withdraw from Facebook’s troubled cryptocurrency project

    Vodafone has withdrawn from the Libra Association, the independent governing council for Facebook’s global cryptocurrency project. The British telecom giant said that it wants to switch gears and put the resources it originally intended for Libra into its African mobile money transfer service M-Pesa. 

  • Google monetizing yet another pair of eyeballs (photo by Gerd Altmann via Pixabay).
    Libra,  Technology

    Facebook, Google want to be your banker

    In separate announcements, Facebook unveiled a non-blockchain payments tool that could compete with Libra, and Google said it will offer consumer checking accounts

    The tech giants that already know everything about you, and now they want to be your banker, too. What could possibly go wrong?

  • Martine Paris interviewing Facebook's Kevin Weil at SF Blockchain Week (via @GCODigital).
    Libra

    Full speed ahead for Calibra, says Facebook’s Kevin Weil | Interview

    Libra’s co-creator on scaling blockchain for financial inclusion

    It’s been a pretty intense month for the Libra Association, whose stablecoin has come under intense scrutiny from the U.S. Congress and the G7 over fears of destabilizing the global financial system when it launches next year.