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Vodafone Quits Facebook's Cryptocurrency Project Libra

Professor of Financial Economics and Part-time Value Investor, Transfin.
Jan 22, 2020 1:12 PM 2 min read

Vodafone quits Facebook's cryptocurrency project Libra.



Vodafone quits Facebook's cryptocurrency project Libra.

Opting Out: Owing to concerns about heighened regulatory scrutiny, telecommunication giant Vodafone has become the latest player to quit Facebook's controversial crytpcurrency project - Libra. 


Vodafone joins PayPal, Mastercard, Visa, Mercado Pago, eBay, Stripe and Booking Holdings in withdrawing from the project.


Hit Refresh: In June, last year, the social media giant had announced its foray into fintech with a new digital currency named Libra. Facebook had then said that it targetted to launch Libra in the first half of 2020. CoinDesk


Boeing says take of of 737 Max might be delayed, might not fly again until at least mid-2020.

Return to Flight? Not Yet: Aircraft manufacturer Boeing through a press release on its website has said that its troubled 737 Max aircraft won’t fly again until at least mid-2020, a delay from the earlier January 2020 time frame. 


“This updated estimate is informed by our experience to date with the certification process. It is subject to our ongoing attempts to address known schedule risks and further developments that may arise in connection with the certification process,” the press release reads. “It also accounts for the rigorous scrutiny that regulatory authorities are rightly applying at every step of their review of the 737 Max’s flight control system and the Joint Operations Evaluation Board process which determines pilot training requirements.”


737 Max was grounded in March last year following two unfortunate crashes. The Verge


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