Articles tagged “libra”

Facebook Urged to Place Libra Cryptocurrency Initiative on Hold

Facebook Urged to Place Libra Cryptocurrency Initiative on Hold

Jesse Westbrook, Bloomberg

If the Facebook-inspired Libra cryptocurrency were ever to be one of the solutions travel and other companies might deploy to resolve global payment issues, they might want to fire up alternative currency solutions. Libra is all but dead, gone, and buried.

9 months ago

Booking Holdings Drops Out of Facebook’s Libra Cryptocurrency Initiative

Booking Holdings Drops Out of Facebook’s Libra Cryptocurrency Initiative

Dennis Schaal, Skift

The Libra cryptocurrency program is falling apart following regulatory pushback. Booking Holdings likely didn't want the hassle of being associated with such a controversial initiative, which may not get off the ground in the near term.

9 months ago

Facebook’s New Libra Cryptocurrency Could Solve Travel Payments Dilemma

Facebook’s New Libra Cryptocurrency Could Solve Travel Payments Dilemma

Dennis Schaal, Skift

Cryptocurrency is only in its early days, but already it's easy to see how its mission to democratize the financial system might be co-opted. And do currency reformers really need Facebook, with all of its baggage, leading this Libra effort?

1 year ago