Vodafone has withdrawn from the Libra Association, the independent governing council for Facebook’s global cryptocurrency project.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.
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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?
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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.
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Mark Zuckerberg gets Waters-boarded at House hearing on Facebook’s Libra
While drawing praise and condemnation for the stablecoin project, the social media giant’s CEO waved the flag and attacked China
Mark Zuckerberg is a proud American. And Facebook, despite being used by 2.7 billion people around the globe, is first and foremost an American company with American values.
