RATE Group | Temasek Holdings joins Facebook-backed Libra
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Temasek Holdings joins Facebook-backed Libra

15 May Temasek Holdings joins Facebook-backed Libra

Posted at 00:22h in Cryptocurrency News by

SAN FRANCISCO: Singapore’s Temasek Holdings has joined the Facebook-backed Libra project seeking to create a worldwide digital payments network, the Swiss-based Libra Association said on Thursday (May 14).

Temasek was among three new members announced for the association, including the cryptocurrency investment firm Paradigm and the private equity group Slow Ventures, both based in California.

“The addition of these three new members to the Libra Association shows our commitment to building a diverse group of organisations that will contribute to the governance, technological roadmap and launch readiness of for the Libra payment system,” said association vice chairman Dante Disparte.

Libra, a high-profile project launched by social network giant Facebook, is tentatively scheduled to launch this year but has been battered by severe criticism from some of the world’s most influential financial authorities.

Backers of Libra argue it…

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