Libra Takes Another Hit as Chief Product Officer Leaves

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 no...

PayPal, Visa & Others Considering Withdrawal From Libra

After PayPal representatives didn’t show at a Libra Association meeting on Thursday, the Financial Times reported that the company is reconsidering its involvement with Facebook’s Libra project. The payment ...

Libra Not Threat To Fiat, Says Libra Exec

Another Facebook executive has said that the company’s Libra cryptocurrency is not intended to threaten existing fiat currencies. Speaking at an event in Geneva on Friday, Bertrand Perez, a managing direct...

Facebook Wants COO Sheryl Sandberg to Testify in the US

Social media company Facebook is in talks with the House congressional committee to put its chief operating officer Sheryl Sandberg on the stands to testify on Libra, Bloomberg reported on Friday. Though the...

Libra Not Threat to Sovereignty, Says FB Exec

The co-creator of Libra, Facebook’s nascent cryptocurrency, took to Twitter on Monday to try and dispel some of the fears people have about the digital asset. David Marcus, a former PayPal executive, noted...