Bango, alternative payments and project Libra

Facebook has published a whitepaper about Libra, its long awaited blockchain based “Stablecoin” – Libra white paper.

The Bango Platform benefits merchant partners by supporting innovative payment methods. This contributes to a thriving ecosystem and enables merchants to use payment insights to market more effectively.

In 2016, Bango held its Alternative Payments Nexus event discussing the “third wave” of alternative payments and the gap they fill in enabling access to paid content. In a 2017 update on the availability of Bitcoin wallets through the Bango Platform, we noted that merchants were discouraged by Bitcoin volatility. Libra is intended to address this challenge by linking it to an asset basket, similar to Ven.

Bango looks forward to participating in Libra to spur the global adoption of Libra over the coming years, alongside other successful currencies, carrier billing and wallets.

This entry was posted in General Market News. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *