Mastercard CEO Reveals Why His Firm Quit Libra Over Several Red Flags
Mastercard CEO Ajay Banga says his company left The Libra Association after his attitude towards the project deteriorated over proposals to link the coin with its own built-in wallet, Calibra, as well as the lack of a cl...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Mastercard CEO Ajay Banga says his company left The Libra Association after his attitude towards the project deteriorated over proposals to link the coin with its own built-in wallet, Calibra, as well as the lack of a clear business model.
In an interview with the Financial Times, the payment services chief, who has headed up Mastercard since 2009, described the various red flags that led to his decision to pull the company from the project. “It went from this altruistic idea into their own wallet. I’m like: ‘this doesn’t sound right,’" said Banga, adding that, "If ...
Read The Full Article On CryptoCurrencyNews.com
Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.
All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptoCurrencyNewsRelated market context
Grayscale filing reveals 100 wallets hold 90% of Worldcoin
Grayscale’s new SEC filing for a Worldcoin ETF reveals that just 100 wallets hold approximately 90% of all circulating WLD — a con...
Satsuma Shutdown: UK Bitcoin Treasury Firm Liquidates as BTC Hits Five-Week High
UK bitcoin treasury company Satsuma votes to sell 668 BTC and shut down, joining a wave of DAT closures that bulls see as a bitcoi...
Bitcoin, Ethereum protocols lose $35M in security breaches
Bitcoin and Ethereum protocols lost $35M in security breaches. Bitcoin reaching $82,500 in July at 0.2% YES, while $67,500 at 59.5...
Coinbase Reveals How One Configuration Error Triggered a 50-Minute Outage
Coinbase says a routine infrastructure update disabled a critical network gateway, disrupting transfers, debit card purchases, and...
Ethereum Foundation Publishes Policy Guide For Governments And Institutions
The Ethereum Foundation has published a policy-focused guide aimed at governments, institutions, and public sector leaders, giving...
Ethereum leads blockchains in euro stablecoin growth year-to-date
Ethereum holds 66.2% of euro stablecoin supply as the market hits a $774.2M ATH, driven by MiCA compliance and 128% year-over-year...