Breaking News

Samsung Introduces Galaxy Tab S12 Series PlayStation Plus Monthly Games for October 2026 Logitech announces Zone Vibe Pro Headset Razer Expands Sanrio Collection With Pompompurin Eared Headset And Kuromi Earbuds TerraMaster Launches Storage Upgrade Season with Up to 30% Off During Prime Big Deal Days

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed

Search form

Vodafone Quits Facebook’s Digital Currency Project

Vodafone Quits Facebook’s Digital Currency Project

Enterprise & IT Jan 24,2020 0

Vodafone has been added to the list of companies that have pulled out of the Libra Association, raising further doubt that the digital currency will get off the ground this year.

Facebook unveiled the vision for Libra, which it has promised will promote “financial inclusion” around the world, in June. At the time, there were 28 members in the Libra Association, a nonprofit Facebook founded to manage the digital currency system. Then, in October, PayPal kicked off a string of high-profile exits including Visa, Mastercard, eBay, and Stripe. Vodafone is the first one to back out so far this year. Remaining members include Uber, Lyft, and Spotify.

Vodafone says it plans to devote resources previously meant for Libra to M-Pesa, its digital payments platform that is already established in several African nations, Afghanistan, India, and Romania. It is not clear whether Libra might represent competition for M-Pesa.

Since day one, Libra has faced skepticism and resistance from policymakers around the world, many of whom still aren’t sure of how to approach it from a regulatory standpoint. Although the goal is to launch the currency this year, with 100 total members, it won’t be surprising if it doesn’t make that deadline.

The Libra Association insists that the project will continue and says that it will take as long as necessary to ensure the approval of regulators before launching.

Tags: Facebook LibracryptocurrencyVodafone
Previous Post
Researchers Unveil Detailed Map of a Fly’s Brain Connectivity
Next Post
Google’s Digital Wellbeing Experiment Wants You to Seal Your Smartphone in an Envelope

Related Posts

  • Primary Crypto Calculation Methods Everyone Should Know

  • The Top 4 Crypto Browser Extensions

  • What Are The Similarities Between The Metaverse And The Matrix?

  • Reddit to Reward Active Users With a Cryptocurrency

  • VodafoneZiggo Launches 5G Network in the Netherlands

  • Facebook Outlines Changes Made to Libra Including Support for Multiple Single-Currency Coins

  • Vodafone to Offer 30 Days of Free Unlimited Mobile Data for 500,000 Vulnerable Customers

  • Opera Lets US Users Buy Crypto With Apple Pay or Debit Card

Latest News

Samsung Introduces Galaxy Tab S12 Series
Consumer Electronics

Samsung Introduces Galaxy Tab S12 Series

PlayStation Plus Monthly Games for October 2026
Gaming

PlayStation Plus Monthly Games for October 2026

Logitech announces Zone Vibe Pro Headset
Consumer Electronics

Logitech announces Zone Vibe Pro Headset

Razer Expands Sanrio Collection With Pompompurin Eared Headset And Kuromi Earbuds
PC components

Razer Expands Sanrio Collection With Pompompurin Eared Headset And Kuromi Earbuds

TerraMaster Launches Storage Upgrade Season with Up to 30% Off During Prime Big Deal Days
Enterprise & IT

TerraMaster Launches Storage Upgrade Season with Up to 30% Off During Prime Big Deal Days

Popular Reviews

Endorfy Thock V2 Wireless Keyboard

Endorfy Thock V2 Wireless Keyboard

The Quiet Technology Behind the Spin

The Quiet Technology Behind the Spin

SoundPeats Cove Pro

SoundPeats Cove Pro

Akaso Brave 8 Lite

Akaso Brave 8 Lite

Kioxia Exceria Plus G3 512GB microSD

Kioxia Exceria Plus G3 512GB microSD

SoundPeats C30

SoundPeats C30

be quiet! Dark Perk Mice

be quiet! Dark Perk Mice

XbotGo Chamaleon

XbotGo Chamaleon

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed