Latest News on Facebook

Libra

Mastercard CEO Answers: The Reasons Behind Leaving Facebook’s Libra Association

Mastercard’s CEO, Ajay Banga, stated the reasons behind the company leaving Facebook’s Libra Association in an interview with the Financial Times. Having left the Libra Association in October last year alongside Visa and other firms, the Libra Association has seen eight firms quitting the project.

Sarah Tran

Feb 04, 2020

| 2 Min Read

#MASTERCARD #FACEBOOK #LIBRA #AML #KYC #VISA #STABLECOIN

Interview

Women in Payments CEO Answers: Could Facebook Libra Be a Huge Threat to Visa and Paypal?

Kristy Duncan, the CEO of Women in Payments the company in 2012, looking to add value in a different way, to connect, inspire, and champion women who are working in the payments industry globally. In our interview with Duncan, she shared with us the changing payment landscape with the emerging technologies in the sector.

Sarah Tran

Feb 01, 2020

| 3 Min Read

#WOMEN IN PAYMENTS #PAYPAL #VISA #FACEBOOK #LIBRA #PAYMENTS

Libra

Facebook and Calibra Head David Marcus: What Problems Would Wholesale CBDCs Even Solve?

During a panel discussion at the World Economic Forum which included the topic of Central Bank Digital Currencies (CBDCs), David Marcus, Head of Calibra, highlighted that digital currencies are the key to innovate cross-border payments and solve the issues of the unbanked—regardless of if that digital currency is Libra or not.

Lucas Cacioli

Jan 24, 2020

| 2 Min Read

#BLOCKCHAIN #WHOLESALE CBDC #RETAIL CBDC. WEF DAVOS #CALIBRA #FACEBOOK #DIGITAL PAYMENTS

Libra

Vodafone Follows PayPal and Visa to Leave Facebook's Libra Association

Maybe what Facebook is not doing right that costs it to lose founding partners? Breaking news shows that Facebook’s Libra has lost another member of its council. This time round, Vodafone has confirmed to have left Libra Association.

Nicholas Otieno

Jan 23, 2020

| 2 Min Read

#VODAFONE #LIBRA ASSOCIATION #LIBRA #PAYPAL #VISA #MASTERCARD #M-PESA #FACEBOOK #REGULATORY SCRUTINY

Industry

How Blockchain Technology is Shaping Digital Advertisements

There are thousands of ads everywhere, in our phones, applications, websites, there is hardly anywhere you would turn to (digitally) today without bumping into an ad, even when using ad blockers. According to Forbes, an average person is exposed to about 4,000 to 10,000 digital ads every day. They aren’t cheap; the standard ads we see every day on our phones cost billions.

Alo Kingsley

Jan 18, 2020

| 3 Min Read

#DIGITAL ADS #BLOCKCHAIN #ADVERTISEMENTS #AD #TECHNOLOGY #GOOGLE #FACEBOOK

Regulation

Fed Governor Warns ECB Forum that Libra Risks are Immense

The Governor of the Federal Reserve, Lael Brainard warned a European Central Bank (ECB) forum in Germany, that the risks posed by the potential mainstream adoption of the Facebook proposed stablecoin Libra, are too immense.

Lucas Cacioli

Dec 19, 2019

| 1 Min Read

#BLOCKCHAIN #LIBRA #FACEBOOK #FED #ECB #STABLECOIN

Industry

New Crypto Fraud Scheme In South Korea: What Rules Are in Place to Stop False Advertising?

The Ponzi scheme disguised as a crypto platform managed to acquire over $380 million USD for the CEO and other company staff. Corner Up was promising estimated returns of up to 200% to investors for each investment made.

Geoffrey Gardiner

Nov 21, 2019

| 1 Min Read

#FRAUD #REGULATION #FACEBOOK #SOUTH KOREA #CRYPTO MARKETING

Interview

Dr. Alicia Garcia-Herrero's Take on China’s CBDC and Facebook’s Libra

In Part 2 of the interview, Garcia-Herrero explained the disruption of China’s CBDC – digital currency electronic payment (DCEP) on China’s monetary system. She also commented on the basket of currencies that Facebook’s Libra supports and Libra’s potential threat to monetary sovereignty.

Sarah Tran

Nov 08, 2019

| 3 Min Read

#NATIXIS #CBDC #DCEP #CHINA #FACEBOOK #LIBRA

Libra

Facebook’s Libra Co-Creator Thinks Bitcoin is Not a Currency

Speaking as a guest on CNBC, David Marcus initially talked about Libra setbacks, stating that Libra, Calibra, and Facebook would need time to allow digital money access and services to form for users around the world as well as his thoughts on BTC.

Geoffrey Gardiner

Nov 07, 2019

| 2 Min Read

#LIBRA #DAVID MARCUS #FACEBOOK #BITCOIN

Industry

Ethereum Co-Founder: Facebook Not Fit to be Libra’s Driving Force

Joseph Lubin, Ethereum’s co-founder, has asserted that Facebook should not spearhead the Libra project based on the concerns raised about its reputation.

Brian Njuguna

Nov 06, 2019

| 1 Min Read

#JOSEPH LUBIN #FACEBOOK #LIBRA #BLOCKCHAIN #STABLECOINS