Vodafone Quits Membership Of Facebook Libra Association
Vodafone has recently exempted itself as a member of the Facebook-led Libra Association. Recall that before now , companies like eBay, MasterCard, and PayPal also quit as members of the Libra Association. These firms were all pioneer members of the Association, but left for varying reasons, including regulatory concerns.
Vodafone spokesperson in an disclosed that Vodafone is fully committed to contributing to extending financial inclusion, but decided to channel its efforts on its mobile payments platform M-Pesa, in a bid to expand it out of the six African countries it’s currently available in.
The Association is said to making serious effort to add more members later this year, and assertedly has a waiting list of over 1,500 companies.
Facebook’s Libra is set to make global payments a swift one. Many people are really anticipating the launch of this great digital coin and to take advantage of it. .