Mastercard Explains Why Libra is Not Ready for Primetime

Mastercard outlined its intentions with blockchain after its high profile exit from the Libra Association, a coalition of many successful companies meant to help guide and foster oversight of Facebook’s proposed cryptocurrency. Mastercard says for a digital currency to be successful, it has to give customers not only stability and consumer protections but regulatory compliance as well. The company said that a good portion of the 2,600 cryptocurrencies available right now don’t do that at all . . . .

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See also: cryptocurrency, R3, marchants, digital

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