On the heels of the U.S. Mint’s decision to phase out production of pennies next year, a partner at Andreessen Horowitz, a California-based venture capital firm, said money will be digital by 2030, Bloomberg News reported. Kathryn Haun said cash is on its way out...
A former clerk for U.S. Supreme Court Justice Anthony M. Kennedy and late Supreme Court Justice Lewis F. Powell Jr. has been named general counsel to the Libra Association, a Geneva-based group founded by Facebook to launch the social media company’s digital currency, the organization...
The group founded by Facebook to launch the social media company’s entry into digital currency has named a former U.S. Treasury Department executive as its first CEO. Stuart Levey, who is serving as chief legal officer of HSBC, the London-based global investment bank and financial...
British startup Checkout.com is the first payments firm to join Facebook’s Libra Association after Visa, Mastercard and Stripe exited the program in October. “In the past few years, we have witnessed from afar the birth of various digitally native currencies,” Checkout.com CEO and Co-founder Guillaume...
October 21, 2019
Fresh off a wave of defections, the Libra Association has claimed an initial 21 members. That’s a start. But the crypto initiative is still missing key components that would bring the crypto from concept to reality — like infrastructure and marketplaces. We break down the latest news in a saga that has become a cliffhanger.
October 08, 2019
Today in the payments news roundup, Affirm has launched a new app that will let customers use the service to pay almost anywhere online or in the real world. Also, the European Commission has...
September 17, 2020
The Libra Association has named James Emmett as managing director of Libra Networks, the association’s operating company subsidiary. The association said in a news release that “Emmett is a highly experienced financial services leader with a wealth of global experience in business, strategy, technology and operations, gained through his 25 years with HSBC.” Emmett previously […]
June 01, 2020
On the heels of the U.S. Mint’s decision to phase out production of pennies next year, a partner at Andreessen Horowitz, a California-based venture capital firm, said money will be...
May 19, 2020
A former clerk for U.S. Supreme Court Justice Anthony M. Kennedy and late Supreme Court Justice Lewis F. Powell Jr. has been named general counsel to the Libra Association, a...
May 06, 2020
The group founded by Facebook to launch the social media company’s entry into digital currency has named a former U.S. Treasury Department executive as its first CEO. Stuart Levey, who...
