He later added that "there is no shortage of desire and shared mission to join this effort."
Speaking at an IMF panel, he said the project needed to clear various regulatory hurdles before established financial firms would also look to join."I think it's harder for very large regulated entities to take an active part in this fight right now, given the climate and the pressure. I think that once we've done a really good job as the Libra Association to address these concerns ...
Facebook has helped form a Switzerland-based consortium of companies known as the Libra Association, which will oversee the cryptocurrency project. The group, which began with 28 partners including Facebook, has lost seven founding members since the start of the month, with key payment backers
These dude need a new job
I’d prefer “ Monopoly “ money. It seems a bit safer to me and you can buy Wall Street for $500.
FB: Sorry, we only accept Libra-Bucks for our services.
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Booking Holdings becomes the latest company to abandon Facebook's libraOnline travel company Booking Holdings has dropped out of Facebook's libra, joining a growing list of firms who have exited the embattled cryptocurrency project. Good move. Anything with that name will likely crash in the 2 years.
Source: CNBC - 🏆 12. / 72 Read more »
Libra project will reach 100 members by the time it launches despite dropouts, group executive saysA top executive from the association overseeing Facebook's cryptocurrency project said he is 'confident' 100 members will join the group by the time the digital currency launches. MahyadiRachel Good Thats another 💩💩💩💩 from Suckerberger.
Source: CNBC - 🏆 12. / 72 Read more »
If Facebook's libra doesn't take off, China is racing to launch a global cryptocurrency that couldFacebook and China are both looking to develop global digital currencies that could rival each other, especially in emerging markets. can't wait this totalitarian regime launch a 'global cryto',I bet LeBron James will be the first buyer. Just forget about Libra. Everyone will use $XRP- the best digital asset with the most use-cases. XRPtheStandard XRPcommunity OnDemandLiquidity
Source: CNBC - 🏆 12. / 72 Read more »
Kara Swisher: Facebook needs payments players involved in Libra“Why would you trust any private company to run something like this?” Recode co-founder Kara Swisher discusses the growing list of firms who have left Facebook’s Libra Association. Bitcoin Facebook's a public company. $FB Something about ships and rats?
Source: CNBC - 🏆 12. / 72 Read more »
Factbox: Facebook's Libra in trouble as firms jump shipA number of payment processors and fintech companies that joined Facebook Inc&0... Libra Bitcoin cryptocurrency ... genuine dollar alternatives / replacements or just more money takers? Amazing that Capital won't flow into a currency managed by a company that explicitly claims the right to destabilize the government overseeing the world's reserve currency. It'd be shocking, were I a moron.
Source: Reuters - 🏆 2. / 97 Read more »
Facebook's libra coin a catalyst for reform, Swedish central bank chief saysThe Riksbank has been exploring the potential issuance of digital currencies as cash use in Sweden declines dramatically. WHY NOT USE THE DOLLAR ITS STABLE CRYPTOS ARE DANGEROUS YOU GIVE IT VALUE They just want facebook to move in and provide jobs. A CATALYST FOR REFORM OF WHAT MONEY. IT IS SCARY
Source: CNBC - 🏆 12. / 72 Read more »