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Author Topic: Vodafone also leaves Libra  (Read 15674 times)

Offline mlawson71

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Vodafone also leaves Libra
« on: January 26, 2020, 02:35:21 PM »
The leading British telecom Vodafone became one of the latest companies to leave Facebook’s cryptocurrency project Libra in the midst of ever increasing pushback from both state governments and financial institutions.
So far the Libra project has been abandoned by companies like PayPal, MasterCard, Visa and eBay as a consequence of the warning issued by the European Central Bank, the Bank of England, the German and French governments that cryptocurrencies like this are a risk to the global financial system.
Vodafone issued the following statement:
"Vodafone Group has decided to withdraw from the Libra Association. We have said from the outset that Vodafone's desire is to make a genuine contribution to extending financial inclusion. We remain fully committed to that goal and feel we can make the most contribution by focusing our efforts on M-Pesa (mobile payments platform)."
Source
Sometimes I wonder whether Libra will ever launch, considering the businesses that keep the project and the immense global pushback various governments.

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Vodafone also leaves Libra
« on: January 26, 2020, 02:35:21 PM »

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Re: Vodafone also leaves Libra
« Reply #1 on: January 30, 2020, 07:00:34 AM »
This looks like the chain was cutting into small pieces as the companies are moving away from Libra, but I am sure it could be launched seperately and their is no need such big companies to join.  In the begining they have to think how could be the world when they adopt Libra, why now one by one started to leave them? These big companies make big profits and the poor won't become rich using Libra.
Mark might start a similar company like phone operation. :) We have to wait and see the launch and after that too as people starts to promote it huge.

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Re: Vodafone also leaves Libra
« Reply #2 on: February 07, 2020, 04:09:55 AM »
Sometimes I wonder whether Libra will ever launch, considering the businesses that keep the project and the immense global pushback various governments.
Do not let a coin full of rejection from various parts of the world because LIBRA is being sued a lot by governments and financial institutions throughout the world, including in the country I live.
You also don't expect it like that because LIBRA is indeed very difficult to walk upright for now because of issues like the hurricane Katrina in America.

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Re: Vodafone also leaves Libra
« Reply #3 on: February 07, 2020, 05:02:50 AM »
~
Vodafone issued the following statement:
"Vodafone Group has decided to withdraw from the Libra Association. We have said from the outset that Vodafone's desire is to make a genuine contribution to extending financial inclusion. We remain fully committed to that goal and feel we can make the most contribution by focusing our efforts on M-Pesa (mobile payments platform)."
They are afraid of the possible sanctions which could heavily affect their business in the future. It's too risky now. 


Sometimes I wonder whether Libra will ever launch, considering the businesses that keep the project and the immense global pushback various governments.
They will have to revise their strategy including scraping all their previous roadmap. I'm afraid they will have to bend to these financial authorities to have a shot at launching. If they do that, they will have to face the humiliation from the entire crypto community.

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Re: Vodafone also leaves Libra
« Reply #4 on: May 27, 2020, 12:17:44 PM »
It's OK we can see something new that is unable to prove itself strong in the real world, LOL

I speak like that because we all know that LIBRA is a coin that is supported by famous people, namely Mark Zuckerbeg.
But it is real and the proof is that the big company beside Mark Zuckerberg is unable to fly in the world (for now). Too bad !
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Offline Michael.sol

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Re: Vodafone also leaves Libra
« Reply #5 on: June 27, 2020, 03:46:25 AM »
Not only Vodafone but there is many companies who start leaving libra project , I sure there is special reason behind it . Hopefully in future libra launch there safe landing in market

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Re: Vodafone also leaves Libra
« Reply #6 on: July 07, 2020, 08:48:51 AM »
Hopefully in future libra launch there safe landing in market
Don't expect too much about the launch of LIBRA because if you listen to LIBRA it's like an altcoins that are not healthy enough to be created.
What I mean is that LIBRA will be created just like Facebook, full of business and centralized money to be managed by a financial institution and this is dangerous for altcoisn on a cryptocurrency platform.

Vodafone is smart because a class of big companies don't want to look for problems with LIBRA, whose creators don't have the vision and mission. Believe me!
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Re: Vodafone also leaves Libra
« Reply #6 on: July 07, 2020, 08:48:51 AM »


Offline LogiC

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Re: Vodafone also leaves Libra
« Reply #7 on: July 07, 2020, 09:07:09 AM »
It's OK we can see something new that is unable to prove itself strong in the real world, LOL

I speak like that because we all know that LIBRA is a coin that is supported by famous people, namely Mark Zuckerbeg.
But it is real and the proof is that the big company beside Mark Zuckerberg is unable to fly in the world (for now). Too bad !
Companies probably found this absurd cause they may think that Mark or Libra are just using these affiliation with group of companies to launch their Libra but question like how beneficial this partnership on them right? I am not anti facebook but knowing a project created by someone who falsely steal billions of data is not so good reputation on the industry.
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Re: Vodafone also leaves Libra
« Reply #8 on: July 10, 2020, 06:18:31 AM »
Not just the vodafone will leave the libra coin there are so many other good companies that leave the libra coin and they are not ready to work with this coin. If this coin is launched and its price touch the sky then i hope that all these companies will start to work again with this coin.

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Offline gourav787

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Re: Vodafone also leaves Libra
« Reply #9 on: July 15, 2020, 07:01:50 PM »
Not only Vodafone but their is More famous brand who leave Libra project , now again libra want to have some good invester . I didn't think this project going too much successful in future .
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Online Rubel007

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Re: Vodafone also leaves Libra
« Reply #10 on: August 16, 2020, 10:28:17 AM »
Not only Vodafone but their is More famous brand who leave Libra project , now again libra want to have some good invester . I didn't think this project going too much successful in future and i also can't say that Libra will not prosper in future. Everything depends on the market situation. 

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Re: Vodafone also leaves Libra
« Reply #11 on: August 16, 2020, 10:36:13 AM »
Not only Vodafone but their is More famous brand who leave Libra project , now again libra want to have some good invester . I didn't think this project going too much successful in future and i also can't say that Libra will not prosper in future. Everything depends on the market situation.

I don't think Libra will fail. Libra right now is just working on progress despite of those projects leaving disconnecting with Libra. Note that Facebook is one big social media network and they have a lot of money generated in there. Even if investors leave, Facebook can still afford to sponsor its own stable coin.
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Re: Vodafone also leaves Libra
« Reply #12 on: September 15, 2020, 05:13:13 PM »
Not only Vodafone but there is many companies who start leaving libra project , I sure there is special reason behind it . Hopefully in future libra launch there safe landing in market

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Re: Vodafone also leaves Libra
« Reply #13 on: November 27, 2020, 03:28:05 PM »
it is possible that this project will still be launched but we do not know when the certainty is

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Re: Vodafone also leaves Libra
« Reply #14 on: December 07, 2020, 03:50:36 PM »
Not just the Vodafone will leave the Libra coin project there are so many more high brands that leave the Libra coin project becasue they are not trusted on this project an they think that they are in loss if they invest in this project.

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