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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 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
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
‘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 moment’ Kristalina 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, launch, Facebook, banking, regulated payments, cryptocurrency, HSBC, Credit Suisse, FINMA, Switzerland, stable coins, single currency, multi-currency, payment tokens
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, 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, Facebook Financial, payments , F2, payments , ecommerce, digital wallet, digital, Libra, cryptocurrency, WhatsApp, India, Brazil, Instagram, messenger
‘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
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
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
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 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, 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 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
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 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
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, 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
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