Breaking News

Toshiba to Showcase High-Performance AI and Petabyte-Scale Storage Solutions at Cloudfest 2026 The SAMA V62 brings panoramic design to modern PC builds ASUS Republic of Gamers Announces New Strix OLED monitors PlayStation Plus Game Catalog for March 2026 Intel Announces New Intel Core Ultra 200S Plus Series Desktop Processors

logo

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

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

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

Toshiba to Showcase High-Performance AI and Petabyte-Scale Storage Solutions at Cloudfest 2026
Enterprise & IT

Toshiba to Showcase High-Performance AI and Petabyte-Scale Storage Solutions at Cloudfest 2026

The SAMA V62 brings panoramic design to modern PC builds
Cooling Systems

The SAMA V62 brings panoramic design to modern PC builds

ASUS Republic of Gamers Announces New Strix OLED monitors
Gaming

ASUS Republic of Gamers Announces New Strix OLED monitors

PlayStation Plus Game Catalog for March 2026
Gaming

PlayStation Plus Game Catalog for March 2026

Intel Announces New Intel Core Ultra 200S Plus Series Desktop Processors
PC components

Intel Announces New Intel Core Ultra 200S Plus Series Desktop Processors

Popular Reviews

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

Terramaster F8-SSD

Terramaster F8-SSD

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Akaso 360 Action camera

Akaso 360 Action camera

Dragon Touch Digital Calendar

Dragon Touch Digital Calendar

be quiet! Pure Loop 3 280mm

be quiet! Pure Loop 3 280mm

Noctua NF-A12x25 G2 fans

Noctua NF-A12x25 G2 fans

Arctic Liquid Freezer III 360 Pro Argb

Arctic Liquid Freezer III 360 Pro Argb

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

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