Major payment companies back out of Facebook’s Libra cryptocurrency

Back in June, Facebook announced that it was going to launch its own cryptocurrency – Libra. The news resulted in the classic mixed results. Some focused on the fact that it would change the financial shape of markets where bank accounts and traditional payments systems are not the norm. Some, notably the FT, picked apart its […]

Spotify CEO says Libra currency could help listeners ‘pay artists directly’

Earlier this week, Facebook announced a new blockchain-powered currency called Libra, and a digital wallet for it called Calibra. Spotify was among the companies backing the plans by becoming a founder member of the independent Libra Association. Now Spotify CEO Daniel Ek has been talking about his hopes for Libra, including the suggestion that it […]

Questions and criticism emerge for Facebook’s Libra currency

Facebook launching its own global currency was bound to provoke some criticism, and some close scrutiny of exactly what the social network is planning and how it will work. Three pieces are worth your attention today to understand how the initiative – backed by Spotify, as we reported earlier in the week – is being […]

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