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21 January 2020

BBC: Vodafone quits Facebook's Libra currency


In October, the world's biggest economies warned cryptocurrencies such as Libra pose a risk to the global financial system. Vodafone has become the latest company to leave Facebook's digital currency project, Libra.

"Vodafone Group has decided to withdraw from the Libra Association," a Vodafone spokesperson said. "We have said from the outset that Vodafone's desire is to make a genuine contribution to extending financial inclusion."

"We remain fully committed to that goal and feel we can make the most contribution by focusing our efforts on [mobile payments platform] M-Pesa."

  • Payments giants abandon Facebook's Libra
  • France vows to block Facebook's Libra in Europe

Dante Disparte, head of policy and communications for the Libra Association, said: "Although the makeup of the Association members may change over time, the design of Libra's governance and technology ensures the Libra payment system will remain resilient".

Full article on BBC



© BBC - British Broadcasting Corporation


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