Tagged: Libra Association

November 27, 2020 @ 7:33 am By JD Alois  |  

Libra, Facebook’s project to launch a global cryptocurrency, may launch as soon a January but as a stablecoin and not as a basket of assets that it originally sought to create. According to a report in the FT, Libra may launch in early 2021 as… Read More

October 15, 2020 @ 4:04 pm By JD Alois  |  

The Libra Association, the creation of Facebook (NASDAQ:FB) that is seeking to develop a payment crypto, has hired Ian Jenkins as Chief Financial Officer and Chief Risk Officer of Libra Networks. Libra Networks is a wholly-owned subsidiary of the Libra Association that manages the operations… Read More

May 19, 2020 @ 9:27 am By JD Alois  |  

The Libra Association, based in Switzerland, continues to build out its executive bench. Today, Libra has announced the selection of Robert Werner as its General Counsel. Created by Facebook (NASDAQ:FB), Libra is envisioned as a digital currency operated on a distributed ledger platform. According to… Read More

May 6, 2020 @ 2:07 pm By JD Alois  |  

The Libra Association, founded by Facebook to create a global payments cryptocurrency, has announced the selection of Stuart Levey as its first CEO. Levey will step into the leadership position from HSBC, a global bank with 235,000 employees across 64 countries. Levey is currently serving… Read More

April 21, 2020 @ 7:56 pm By Omar Faridi  |  

Heifer International, a nonprofit entity that aims to address issues related to global hunger and poverty, is the most recent organization to join the Facebook-led Libra Association. Heifer claims that the Libra stablecoin and payment system (under development) could help low-income farmers gain access to… Read More

April 16, 2020 @ 11:01 am By JD Alois  |  

The Swiss Financial Market Supervisory Authority (FINMA) has distributed a statement on Libra’s application for a “payment system license.” Initiated by Facebook, Libra is a digital currency attempting to facilitate payments globally outside of the traditional payments rails. The Libra Association is headquartered in Geneva,… Read More

March 4, 2020 @ 12:05 pm By Omar Faridi  |  

Menlo Park, California-based social media giant Facebook (NASDAQ:FB) appears to be stepping away from the controversial Libra cryptocurrency project that it introduced in June 2019. Facebook’s management says it will be creating several separate or independent virtual tokens, with each pegged or backed by different national… Read More

January 20, 2020 @ 11:37 pm By Omar Faridi  |  

The Libra Association has reportedly established a five-member “Technical Steering Committee” in order to manage the ongoing development of the controversial Facebook-led stablecoin and digital payments project. The five members include Diogo Monica, co-founder at Anchorage, George Cabrera III, core product lead at Calibra (the… Read More

October 14, 2019 @ 11:24 pm By JD Alois  |  

Earlier today, the Libra Assocation issued a release announcing that 21 members have signed the Libra Association Charter and formalized the Libra Association council, elected the Board of Directors, and appointed members of the Libra Association executive team. The news of Libra’s progress arrives while multiple… Read More

October 4, 2019 @ 4:49 pm By Omar Faridi  |  

Paypal, one of the founding members of the Libra Association, has exited the controversial stablecoin project.  Earlier, the Financial Times reported that the digital payments giant PayPal might be pulling out of the Facebook-led cryptocurrency project due to regulatory issues. This afternoon, WSJ.com has confirmed… Read More

October 3, 2019 @ 7:39 am By Omar Faridi  |  

The developers of Facebook’s Libra stablecoin have unveiled a new roadmap that outlines the main steps leading to the project’s mainnet launch. The announcement, published on October 2, reveals several important updates for the crypto project’s developers and for those who are running the Libra… Read More