After a long, painful string of defections, the Libra Association finally has some good news to announce. A new member, retail e-commerce site Shopify, made the $25 million commitment to join on Feb. 21.
Coinbase to issue Visa cards directly to customers
The first ‘pure-play’ cryptocurrency debit card will not run through an expensive bank or payment processor
Status as a Visa principle member will allow the cryptocurrency exchange to originate Visa debit card accounts on its own, a first in an industry determined to cut out financial services middlemen.
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Vodafone has withdrawn from the Libra Association, the independent governing council for Facebook’s global cryptocurrency project.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.
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?