Facebook’s digital wallet Calibra is now Novi
The Libra project, a new payment system which is built on blockchain technology, has faced regulatory challenges in the past for perceived threat to monetary sovereignty and other issues.
The Libra project, a new payment system which is built on blockchain technology, has faced regulatory challenges in the past for perceived threat to monetary sovereignty and other issues.
The Libra Association claimed that over 1500 entities expressed their interest in joining the e-currency project.
Facebook is treating Libra as a 'payment tool, not an investment'.
'We need someone who knows how economies tend to work, who understands how to operate in a very complex, decentralized governance type of environment.'
"What Libra backers are calling "decentralisation" is in truth a shift of power away from developing world central banks and toward multinational corporations and the central banks of the largest economies."
