Tag: Libra

As part of Facebook’s rebrand to Meta, it has also changed the name of its FinTech services from Facebook Financial to Novi.

The Libra Association has changed its name to the Diem Association to reinforce "its organisational independence" as the cryptocurrency could launch as early as January.

The Facebook-led Libra Association is reportedly gearing up to launch its cryptocurrency at the start of 2021.

The FinTech market is rife with competition and while most companies have gone about it politely, some have taken pot shots at others.

It seems as if the Libra Association has ramped up its efforts to get Libra off the launchpad. However, now the European Central Bank has published a research paper warning that stablecoins like Libra could badly impact the markets.

Facebook has changed the name of its digital cryptocurrency wallet Calibra to Novi.

Having lost some of its founding members when the public scrutiny got fierce, the Libra Association has now added Checkout.com to its membership as things seem to be moving faster for the cryptocurrency project.

It seems as if Facebook is still serious about getting the ball rolling with the cryptocurrency initiative Libra as the social media giant has announced plans to hire 50 people to work on its FinTech project.

After months of speculation, governmental hearings and partners abandoning the project, it seems as if the Facebook-led cryptocurrency Libra has taken a big step towards being recognised by regulators.

More than 50 central banks around the world are working on digital currency projects. However, the former head of Banque de France is sceptical.