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Systems

Eye on Crypto: Libra A ‘Wake-up Call;’ Crypto.com Debuts E-Commerce Plugin

“Policymakers have much work ahead when reviewing cryptocurrencies like the proposed Libra, a European regulator said Wednesday. In related news, a cryptocurrency payment plugin debuts for WordPress. The Libra cryptocurrency project led by Facebook Inc. has “undoubtedly been a wake-up call for central banks and policymakers,” said Benoit Coeure, a board member of the European […]
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Regulation

Visa, Mastercard, Others Reconsider Involvement in Facebook’s Libra Network

“Cracks are forming in the coalition Facebook Inc. FB -1.13% assembled to build a global cryptocurrency-based payments network. Visa Inc., Mastercard Inc. MA -0.91% and other financial partners that signed on to help build and maintain the Libra payments network are reconsidering their involvement following a backlash from U.S. and European government officials, according to people familiar […]
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Domains

Tradeshift, Monerium Settle First Invoice Using Smart Contracts

“Tradeshift, a supply chain payments firm and Monerium, a provider of licensed e-money for blockchains, announced that they have settled the world’s first invoice with smart contracts and e-money. The transaction involved a purchase from Nordic Store, an Iceland-based retailer, which made a purchase from Ikea Iceland and settled an e-voice through Monerium’s programmable digital […]
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Systems

A Top Libra Executive Rebuts a Report That Backers’ Support Is Wavering

“A report Wednesday that at least some members of the consortium backing Facebook Inc.’s Libra cryptocurrency project—including Visa Inc. and Mastercard Inc.—are having second thoughts has drawn fire from the top Facebook executive in charge of the project. “The tone of some of this reporting suggests angst, etc….I can tell you that we are very […]
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Companies

The Ties That Bind Facebook’s Libra

“As one member among many, Facebook’s role in governance of the association will be equal to that of its peers,” Marcus continued. “Facebook will have only one vote and will not be in a position to control the wholly independent organization.” But a WIRED analysis finds that 15 of the 27 founding members of the […]