[ad_1] Now, Libra will tie itself to a series of currencies, including US Dollars, Euros, and British Pounds. As TechCrunch explains, “when you send one Libra, you’ll actually send a fraction of USD-backed, EUR-backed, GBP-backed (etc.) stablecoins.” That should be an effective hedge against currency fluctuations, but it’ll hardly remove the risk for buyers or […]
Category: libra association
Vodafone is the latest to leave Facebook’s Libra Association
[ad_1] The Libra Association’s policy and communications head Dante Disparte remained optimistic in a statement, noting that Libra’s governance and underlying tech would help the platform “remain resilient.” This isn’t a disaster for Libra, and a CoinDesk source said the Association intended to add members later in 2020. There’s a waiting list of more than […]
Facebook’s Libra loses one more member as its council becomes official
[ad_1] PayPal, eBay, Mastercard, Visa and Stripe were some the most prominent companies to pull out, each of them leaving within days of each other. Not that Facebook is deterred. Libra Association policy head Dante Disparte told Reuters that the departures were a “correction” and “not a setback.” The outfit also touted the number of […]
Facebook’s Libra Association is being investigated by EU antitrust regulators
[ad_1] The investigation, still in its early stages, is examining the governance structure and membership of the Libra Association. The purpose-built, independent nonprofit is meant to govern the digital currency. Founding members include the likes of MasterCard, PayPal, Visa, eBay, Spotify, Uber and Lyft. According to Bloomberg, regulators fear that the way information will be […]