Ex-Facebook Libra backer Mastercard comes clean, explains why it dropped out
With Facebook Libra not ready to be a part of a global financial network, Mastercard felt it needed to bow out of the project.
With Facebook Libra not ready to be a part of a global financial network, Mastercard felt it needed to bow out of the project.
This past September, Dutch billionaire John de Mol made it clear that he wasn’t happy with his likeness being used to promote cryptocurrency.
The Facebook scam uses the image of Sir Alex Ferguson, assuring its investors of guaranteed returns for a small initial investment.
The Libra Association may have to submit further details about how the asset will operate before Australian regulators will permit a rollout in the country.
A logical reason why Facebook’s Libra should have been launched on regulation-compliant, Bitcoin SV (BSV) blockchain.
The Libra will never launch, if Europe has its way. But German banks want some kind of state alternative.
The Twitter CEO is among investors to have participated in the $10 million funding round for CoinList, a firm which works with companies to advise on token issues.
Facebook executives are more determined than ever to see the Libra stablecoin participate in a global economic system.
The chance of Facebook’s Libra stablecoin getting off the ground are not that great.. Dorsey’s response wasn’t just no, it was an emphatic “Hell no.”.
In the House Financial Services Committee hearing, the Facebook founder provided positive accolades for the Libra project in an attempt to win them over, but things ultimately didn’t go as well as he had planned.
Occupying the majority of regulators’ time in countries around the world, Facebook’s Libra stablecoin doesn’t appear to be getting any closer to finding a viable solution.
Facebook is having serious difficulties getting its Libra stablecoin to be accepted as a legitimate financial solution.