Stories
Slash Boxes
Comments

SoylentNews is people

Vodafone Quits Facebook's Libra Currency

posted by Fnord666 on Friday January 24 2020, @02:39PM   Printer-friendly
from the rats-leaving-a-sinking-ship dept.

upstart writes in with an IRC submission for Bytram that was the inspiration for this story:

Vodafone quits Facebook's Libra currency:

Vodafone has become the latest company to leave Facebook's digital currency project, Libra.

The Libra Association has seen an exodus of backers including Paypal and Mastercard amid regulatory scrutiny.

Facebook announced in June last year that it would launch the digital currency in partnership with other members of the association. But the project quickly ran into trouble with sceptical regulators around the world.

In October, the world's biggest economies warned cryptocurrencies such as Libra pose a risk to the global financial system.

"Vodafone Group has decided to withdraw from the Libra Association," a Vodafone spokesperson said. "We have said from the outset that Vodafone's desire is to make a genuine contribution to extending financial inclusion." "We remain fully committed to that goal and feel we can make the most contribution by focusing our efforts on [mobile payments platform] M-Pesa."

Also at:
coindesk
engadget
FinExtra

Original Submission

 
This discussion has been archived. No new comments can be posted.
Vodafone Quits Facebook's Libra Currency | Log In/Create an Account | Top | 8 comments | Search Discussion
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.

  • (Score: 0) by Anonymous Coward on Friday January 24 2020, @03:59PM

    by Anonymous Coward on Friday January 24 2020, @03:59PM (#947980)

    Can't believe they wasted their time by asking him about a scheme that is either a fraud or destined to failure. Let the criminal justice system handle it.