Libra Supporters Join Rival Project Celo Dollar

While Facebook cannot deploy its stablecoin project, many members of the Libra Association, the entity behind the Libra Project, are now supporting a rival project called Celo Dollar. Celo Alliance Joined by Coinbase Ventures, Andreesen Horowitz, Others Yesterday, the Celo Alliance for Prosperity announced its more than 50 founding members, which include Libra backers Coinbase […]

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New Celo Alliance Has Same Aims as Libra – And Some of the Same Partners

The Silicon Valley crypto startup cLabs, focused on mobile payments and the Celo blockchain project, is following another precedent from Facebook’s Libra playbook by launching an industry association through a separate Celo Foundation. Dozens of blockchain companies and investors – including Libra Association members Coinbase, Andreessen Horowitz, Bison Trails and Anchorage – are committing to […]

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Libra Plus? A New Global Digital Currency Strategy for Facebook

India’s Supreme Court overturns a crypto banking ban while Facebook prepares fiat-pegged digital currencies alongside Libra. Yesterday, The Information reported Facebook’s Calibra wallet would be abandoning the backed-by-a-basket-of-currencies Libra for a set of fiat-backed digital currencies for different regions. The company quickly amended that while it would be launching those fiat-based digital currencies, it isn’t […]

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What’s Next for Facebook’s Crypto?

Facebook is in the process of rethinking its Libra crypto-token, after meeting with regulatory hurdles. The new digital asset may do away with the Libra moniker, instead offering virtual coins strictly representing fiat currencies. Libra Association Continues with Mission to Launch Wallet, Digital Payment Tools The Libra Association will be preserved, but Facebook may do […]

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