Hiromi Yamaoka, a former Bank of Japan (BOJ) executive, commented that Facebook's Libra project is both a challenge and a catalyst for central banks to realize the benefits of digital…
Yeo Min-Soo, the CEO of South Korean internet giant Kakao, mentioned that Klaytn blockchain is similar to Facebook’s Libra except it has progressed much faster in its development.
During the first…
The Libra Association posted the development of their blog saying that 51,000 transactions have been logged since the testnet was reset in September. Although many banks around the world are…
Facebook launched “Facebook Pay”, a new fiat payment system, on November 12. The payment system is said to be designed to facilitate payments on Facebook, Messenger, Instagram and WhatsApp.
Deborah Liu,…
Libra could pose a threat to WeChat Pay, according to a report published by Tencent. This comes following Mark Zuckerberg’s remarks that Libra could extend the global financial leadership of…
Facebook is facing a lot of pressure even before the launch of Libra next year. Recently, Mark Zuckerberg said the digital currency will not be launched until the US regulators…
Special Report
Special Report today features an article written by Jomkwan Kongsakul, assistant secretary-general, in charge of Fundraising and a spokesperson for the Securities Exchange Commission (SEC) of Thailand.
Jomkwan discussed…
Libra lost another member as the owner of Priceline, Kayak, and Booking.com, has withdrawn from the association, reported Reuters on 14 October.
Facebook’s Libra lost global payments allies Mastercard and…
Exit Libra Project
Visa, Mastercard, eBay, and Stripe have decided to leave Facebook’s Libra project, reported The Financial Times.
Last week, PayPal announced that it was exiting from the venture. However, the…
PayPal Withdraw from Libra
PayPal has withdrawn from the Libra Association and as a result, other founding members are beginning to show signs of hesitation when it comes to signing on…