• Ripple $10 million Mercy Corps
    Cryptocurrencies,  Libra,  Ripple,  Technology

    With Ripple’s $10 million donation, Mercy Corps strengthens its bet on crypto

    The nonprofit has already joined forces with the Libra Association and Celo Foundation to use blockchain technology to bring the poorest into the global financial system

    The fintech-friendly nonprofit connects some of the world’s poorest people to “resources and opportunities they need to build strong, stable livelihoods that can withstand future challenges.” Last year it helped some 28 million people in 40 countries struggling with economic instability, natural disasters, and conflicts.

  • Libra adds CFO chief risk officer
    Libra

    Libra adds CFO, chief risk officer

    The Libra Association announced that former HSBC, Credit Suisse banker Ian Jenkins has taken on the dual role at the global stablecoin’s governing body

    The Facebook-founded group announced on Oct. 15 that Ian Jenkins has taken up the dual role of CFO and chief risk officer. He joins recently appointed CEO Stuart Levey and Chief Legal Officer Steve Bunnell at the helm of Libra’s governing body.

  • Libra’s two-year delay
    Libra,  Regulation

    Libra’s two-year delay

    The financial leaders represented by the G7 and G20 countries have said that the Facebook-founded Libra stablecoin will have to wait until mid-2022 at earliest to launch

    On Oct. 13, the Financial Stability Board released a report commissioned by the G20 that laid out a timeline that calls for the assessment of global stablecoin rules by July 2022.

  • Libra

    Blockchain Capital joins Libra Association

    Leading VC joins the would-be stablecoin creator, adding a badly needed boost after a summer of rebuilding

    Saying the firm believes “deeply in the mission of creating a more equitable payment system,” Blockchain Capital Co-founder and Managing Partner Bart Stephens added that using “blockchain technology to improve financial access and promote innovation has been at the core of Blockchain Capital’s portfolio strategy.”

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