Novi’s David Marcus said Facebook deserves “a fair shot” at payments.
Facebook unveiled the Libra project a little over two years ago today. The original vision may have died but its legacy will live on.
To change global payment rails, "you probably need to be a cowboy if you're a startup," Morgen Beller said.
Diem, the latest iteration of Facebook's ambitious Libra project, had to make multiple concessions to calm the regulators. Chief economist Christian Catalini explains the evolution.
Diem is moving its "primary operations" from Switzerland to the U.S.
Disparte will help Circle's global expansion efforts, CEO Jeremy Allaire wrote in a blog post.
Central bank digital currencies would largely benefit countries if they work together to eliminate traditional banking frictions, a research note said.
German Finance Minister Olaf Scholz took aim at the rebranded lDiem and said it would take more than cosmetic changes to smoothen regulatory concerns.
The world's largest audio streaming service is on the hunt for a new associate director to lead its activity within the libra stablecoin project.
The Libra Association is rebranding itself as Diem to distance itself from the original multi-currency stablecoin vision as it prepares for a possible 2021 launch.
Libra might eventually get off the ground as early as January albeit in a more limited format.
Olaf Scholz said banks need to adapt for a digital world but seemed to rule out private digital currencies from that future.
Libra was the final wake-up call for central banks that prompted serious consideration of digital currency issuances, according to the head of the BIS Innovation Hub.
Finance officials never once named libra. But they didn't have to; the proposed stablecoin's shadow still looms large.