Libra has logged over 51,000 mock transactions despite regulatory pushback - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Despite negative sentiments surrounding Libra, Facebook seems determined to launch it:

about Libra potentially posing a threat to financial stability and monetary sovereignty. These issues could threaten Libra's eventual launch, and Zuckerberg himself has accepted that Facebook isn't the ideal messenger to bring about a global crypto. Of note, the Libra Association continues to engage and collaborate with regulators globally.

Additionally, Libra has faced some setbacks recently in terms of member support. A quarter of Libra Association members, including PayPal, Mastercard, Stripe, Visa, and eBay, have their support for the project. Reasons cited for withdrawing include concerns about the increased regulatory scrutiny, as well as worries about Facebook not doing enough to address money laundering. This further set Libra back in terms of launching the project. Facebook Pay earlier this month. The payments service enables consumers to make payments across Facebook, Instagram, Messenger, and WhatsApp.

Despite negative sentiments surrounding Libra, it seems that Facebook remains determined to launch it. Continuing to test Libra shows that Facebook is still bullish on the venture and not scared off by regulatory concerns. This isn't the first time the tech giant has faced regulatory pushback, and its experience dealing with negative developments, like

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 729. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Kylie Jenner sells 51% of her massive makeup company for $600 millionFor $600 million, 51% of Kylie Cosmetics is reportedly being sold to the beauty giant Coty, which also houses big name brand CoverGirl and Clairol.
Källa: ABC - 🏆 471. / 51 Läs mer »

Kylie Jenner Sells 51 Percent of Her Makeup Company to CotyThe cosmetic brand purchased the majority of the reality star's company for $600 million.
Källa: etnow - 🏆 696. / 51 Läs mer »

Apple may have to open NFC technology to others - Business Insider - Business InsiderA German law would make Apple offer NFC technology to other firms – impacting Apple Pay since it doesn't currently offer its NFC technology to others.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

How Brazil is leading Latin America's fintech revolution - Business InsiderLatin America Fintech Snapshot - Brazil: BIIntelligence examines how the region's economic powerhouse is leading its fintech revolution
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »