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E-Commerce Giant Shopify Joins Libra Association In Bid To ‘Improve Commerce’

February 22, 2020

Shopify, a Canada-based e-commerce giant that has reportedly helped over 1 million businesses launch their own stores, has joined the Facebook-led Libra Association. According to a blog post the company publ...

Vodafone Exits Libra as Central Banks Threats Mount

January 22, 2020

British telecom giant Vodafone has become the latest member to leave the Libra Association. With this Coindesk-reported exit, the original consortium of 28 members supporting Facebook’s ambitious digital cur...

Facebook to Develop Cryptocurrency for Whatsapp, Sources Say

December 21, 2019

Sources close to the situation have told Bloomberg that Facebook is developing plans for a stablecoin to be used on the messaging app ‘WhatsApp.’ A stablecoin is a cryptocurrency that has been designed with the...

Facebook Launches ‘Facebook Pay’ As Libra’s Legal Saga Continues

November 13, 2019

Facebook has announced the introduction of “Facebook Pay,” a payments service that will eventually be operable across Facebook proper as well as Facebook Messenger, Instagram, and WhatsApp. The launch of the ...

‘Hell No’: Jack Dorsey’s Strong Response Against Joining Libra

October 25, 2019

Facebook’s cryptocurrency plan has attracted most of the Silicon Valley giants, but it failed to appeal to Jack Dorsey, CEO of Twitter and Square. Responding to a question regarding becoming a part of the Li...

Facebook Not the ‘Ideal Messenger’ for Libra: CEO to Tell Congress

October 23, 2019

In a testimony before Congress scheduled for later today, Facebook CEO Mark Zuckerberg is going to admit that the social media company is not the “ideal messenger” for Libra. The written testimony circulated...

Libra Association Partners are Yet to Make Any Monetary Commitment

October 23, 2019

The 20 companies partnered with Facebook to form the Libra Association are yet to make a monetary commitment for the project, the BBC revealed on Wednesday. The Libra Association was officially formed on Oct...

Facebook Officially Signs Charter with 21 Remaining Libra Members

October 15, 2019

Facebook sealed its deal with the remaining Libra Association members by signing an official agreement on Monday. Reported by Bloomberg, the formal charter to form the association is still an unbinding one a...

Mark Zuckerberg to Testify Before Congress Over Libra’s Impact

October 10, 2019

As concerns over Facebook’s Libra are mounting, the social media company’s founder and CEO, Mark Zuckerberg, will appear before the House in the United States for testimony. Announced by the House Financial ...

Chief Product Officer, Simon Morris Leaves Libra

October 9, 2019

In less than a week, the Facebook-led Libra Association has lost the support of PayPal, while Visa, Mastercard, and Stripe are also rethinking their participation amid more scrutiny from US regulators. And ...