British telecom giant Vodafone is the latest firm to pull out of the Libra Association, the non-profit body overseeing the Facebook-led digital coin, bringing the total number of early backers to withdraw from the project to eight.
Vodafone Walks Away
Both Vodafone and Libra confirmed the news last week with the departure appearing to be amicable, despite several high profile withdrawals last year coming across as less than friendly. The telecom company now says it intends to dedicate resources previously allocated for the project to its own well-established digital payment service M-Pesa, which it plans to expand beyond the …
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.