First State-Owned Entity Joins Libra Association
Temasek, one of Singapore’s two state-owned investment vehicles, is among the latest firms to join the Libra Association, the consortium Facebook set up to create a global digital currency.
Facebook's digital wallet subsidiary has rebranded as Novi while a series of bitcoin transactions cast doubt on Craig Wright's claims.
Some have written off Libra as a watered-down project. But you can see its potential in places where Facebook use is high and payment standards are low.
Libra can make it easier for Facebook's users to buy goods advertised on its platform, which would incentivize businesses to buy more ads, CEO Mark Zuckerberg said Wednesday.
Facebook's new "oversight" board includes impressive names, but its formal powers are necessarily limited. There are learnings for blockchain governance.
Robert Werner is the second former FinCEN staffer to join the Libra Association this month.