Articles with tag like: Libra

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Libra Association to rebrand to Diem

News | Cryptocurrencies | 03 Dec 2020

The Libra Association has announced rebranding plans to distance itself from the original Facebook-led vision rolled out in 2019, according to CoinDesk.

Novi, Facebook, Libra, blockchain, remittances, Diem, Stuart Levey, payments

Facebook's Libra to launch in January 2021: CoinDesk Report

News | Cryptocurrencies | 27 Nov 2020

Facebook’s stablecoin, Libra might get off the ground as early as January 2021, albeit in a more limited format than the original multi-currency basket envisioned, according to CoinDesk.

LibraUSD, LibraEUR, LibraGBP, LibraSGD, Libra, Facebook, stablecoins, regulators

Facebook's Libra team conducts research on payment protocol 7x faster than Visa

News | Cryptocurrencies | 11 Nov 2020

The team behind Facebook’s Libra have done an experimental research into a payments protocol called FastPay that is seven times faster than the Visa system.

Facebook, Libra, permissioned blockchain, payment system, FastPay, Novi, stablecoins

Central Bank Digital Currency (CBDC) – building together the future of money (and humanity)

Voice of the Industry | Cryptocurrencies | 02 Nov 2020

We can do better than build back the pre-pandemic world – we can build forward to a world that is more resilient, sustainable, and inclusive. We must seize this new Bretton Woods momentKristalina Georgieva, IMF Managing Director, Washington, DC on 15th October 2020

central bank digital currency, CBDC, COVID-19, payments digitalisation, Libra, cross-border payment, cryptocurrencies, tokens, stablecoins, reserve currency, SWIFT, fiscal stimulus, Fed, interest rates, Central banks, commercial banks, BIS, IMF

Libra's imminent launch is in the rumour mill

News | Cryptocurrencies | 30 Oct 2020

Libra, the Facebook-backed project, has reportedly been poised to launch in 2020, gathering a roster of big names from banking as well as enforcement, while scaling back on initial ambitions.

Libra, launch, Facebook, banking, regulated payments, cryptocurrency, HSBC, Credit Suisse, FINMA, Switzerland, stable coins, single currency, multi-currency, payment tokens

Central banks set out to regulate stablecoins like Facebook's Libra

News | Cryptocurrencies | 13 Oct 2020

Central banks have set out to regulate cross-border stablecoins with a common approach, adding that more rules may later be needed to ensure stability.

stablecoins, cryptocurrency, Libra, Facebook, banks, Central banks, CBDC, bank capital, anti-money laundering, regulation

ECB should plan digital euro issuance, board member says

News | Online & Mobile Banking | 02 Oct 2020

A board member of the European Central Bank has declared that the bank should prepare to issue a digital euro to complement banknotes, according to Reuters.

ECB, European Central Bank, Europe, digital euro, banknotes, banks, Central banks, digital currencies, electronic payments, private tokens, Bitcoin, Facebook, Libra, electronic money, Commercial Bank, Bluetooth, pre-paid cards, banking system

Facebook forms a group to purse payments opportunities

News | Payments General | 13 Aug 2020

Facebook has unveiled F2 (Facebook Financial), a new group to pursue payments and commerce opportunities.

Facebook, Facebook Financial, payments, F2, payments, ecommerce, digital wallet, digital, Libra, cryptocurrency, WhatsApp, India, Brazil, Instagram, messenger

Libra may not deliver digital currency, but digital identity

Voice of the Industry | Cryptocurrencies | 06 Aug 2020

‘In large parts of the world, Know-Your-Customer (KYC) could be replaced by Known- by-Zuck (KYZ) to the benefit of society as a whole’ The Digital Currency Revolution’ by David Birch

David Birch, Libra, CBDC, Central banks, Facebook, Know-Your-Customer, identity, digital identity, identity verification, digital currency, synthetic hegemonic currency, digital wallets, Novi, Consult Hyperion

European Commission promises 'strong' rules for Facebook's Libra

News | Cryptocurrencies | 25 Jun 2020

The European Commission has announced plans to present later in 2020 new rules to develop a ‘sound’ crypto-asset market in the EU.

European Commission, Facebook, Libra, stablecoins, crypto assets, cryptocurrency, regulation

China to take on Bitcoin, Facebook's Libra, and the US dollar with digital currency scheme

News | Cryptocurrencies | 18 Jun 2020

An influential group in China has revealed plans for an East Asia digital currency scheme that could see a basket of currencies combined to take on Bitcoin, Facebook's Libra, and even the US dollar.

central bank digital currency, China, dollar, trade war, Bitcoin, cross border payments, digitalisation, yuan, Libra

Coronavirus speeds research around central bank digital currencies

News | Cryptocurrencies | 16 Jun 2020

The coronavirus pandemic has been accelerating the development of central bank digital currencies (CBDCs), central bank officials said.

BOE, CBDC, central banks digital currency, Libra, stablecoin, Facebook, contactless payments, digital payments, coronavirus

Facebook renames Calibra Libra digital wallet to Novi

News | Cryptocurrencies | 27 May 2020

Facebook has renamed Calibra, the digital wallet designed to work with its Libra cryptocurrency, to Novi.

Facebook, Libra, Novi, stablecoin, digital wallet, cryptocurrency, KYC, Libra Association

Celo, Facebook Libra's competitor, brings total number of companies supporting to 75

News | Cryptocurrencies | 08 May 2020

Celo, a competing project to Facebook’s Libra project, has added 50% more new members to its alliance, bringing the total number of supporting organisations to 75.

Celo, cryptocurrency, Libra, Facebook, descentralisation, financial inclusion, tokens, monetary system

Facebook's Libra unveils HSBC legal head as its first chief executive

News | Cryptocurrencies | 07 May 2020

Facebook’s digital currency project Libra has unveiled HSBC legal chief and former George W Bush-era terrorism finance head Stuart Levey as its first chief executive.

Stuart Levey, digital currency, cryptocurrency, Libra, Libra Association, money laundering

Facebook's Libra has a new member - Checkout.com

News | Cryptocurrencies | 29 Apr 2020

Checkout.com, a UK-based payments startup, has joined the Libra Association, the digital currency project set up by Facebook in 2019.

Checkout.com, Libra, Facebook, cryptocurrency, Libra Association, Switzerland

Facebook's investment in Jio might pave way for crypto in India

News | Cryptocurrencies | 28 Apr 2020

Facebook has recently invested USD 5.7 billion for a 9.99% stake in Jio Platforms, an Indian telecom company and subsidiary of Reliance Industries, headquartered in Mumbai, Maharashtra, India.

Jio Platforms, Facebook, Libra, blockchain, cryptocurrency, India, mobile payments, WhatsApp, crypto

Digital currency issuance could involve private companies, Bank of England says

News | Cryptocurrencies | 08 Apr 2020

Bank of England (BoE) analysts working on the UK’s central bank digital currency (CBDC) initiative have said during a webinar that there was a distinct possibility that private companies could play a larger part in the issuance and distribution of money.

Bank of England, BOE, central bank digital currency, CBDC, UK, cryptocurrency, Facebook, Libra, stabelcoin, data privacy

Banking pulse: trends, technologies and priorities that will shape the industry in 2020 and beyond

Voice of the Industry | Online & Mobile Banking | 27 Mar 2020

2020 is set to be defined by technological innovation, financial wellness and an elevated customer experience, says Oana Ifrim, senior editor at The Paypers.

banking, fintech, bigtech, Apple, Facebook Pay, Uber money, digital wallet, Google, US, Libra, digital payments, mobile banking, neobanks, RTP, MasterCard, cyber-security, data, AI, The Paypers, Business Reporter, customer experience, innovation

Updates on Facebook's Libra – the project is still on

News | Cryptocurrencies | 05 Mar 2020

Facebook has been reportedly rethinking its plans for its own digital currency after resistance from regulators, according to BBC.

Facebook, Libra, Calibra, Libra Association, digital currency, regulators, cryptocurrency