SAN FRANCISCO/NEW YORK - Facebook Inc revealed plans on Tuesday to launch a cryptocurrency called Libra, the latest development in its effort to expand beyond social networking and move into e-commerce and global payments.
The Menlo Park, California-based company has big aspirations for Libra, but consumer privacy concerns or regulatory barriers may present significant hurdles. Some Facebook adversaries have called for the company to incur penalties, or be forcibly broken up, for mishandling user data, allowing troubling material to appear on its site and not preventing Russian interference in the 2016 presidential election through a social media disinformation campaign.
Facebook hopes it can bring global regulators to the table by publicizing Libra, said Kevin Weil, who runs product for the initiative.“It gives us a basis to go and have productive conversations with regulators around the world,” said Weil. “We’re eager to do that.”Bitcoin, the most well-known cryptocurrency, was created in 2008 as a way for pseudonymous users to transfer value online through encrypted digital ledgers.
Source: Digital Coin News (digitalcoinnews.net)
annairrera katielpaul The point of crypto, its true appeal, is precisely that there is no massive organization behind it!
annairrera katielpaul Crypto-, Klepto- ... it’s all the same to Zuckerberg.
annairrera katielpaul cryptorubles
Facebook again number 92
Jesus Christ zuk, no one trusts you
A cryptocurrency from Facebook? Expect monkey business!
I hope it won't go down like their site does or Data bridge like the case with Cambridge Analytica . Social media is one thing currency is another. SMH
Today would be a good day to stop using Facebook.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Facebook Unveils Crypto Wallet, Based on Currency LibraFacebook formally announced plans to launch a cryptocurrency called Libra, promising a secure blockchain-based payment system backed by hard assets and designed for mainstream users. PLEASE CONTINUE TO BE GOOD HUMAN BEING. I'VE STARTED TO BECOME HUMAN BEING. Please GROW-UP till the level of CHILDREN. We have very less time to become a GOOD HUMAN BEING. Please try to do it FAST. Too much power in one place! Get the real story on what Libra stands for
Source: WSJ - 🏆 98. / 63 Read more »
Facebook wants to make cryptocurrency mainstream. Here's howFacebook announced its digital currency project, Libra, which will be available to a global audience through the company's platforms. If you can’t hold it then it isn’t real Oh hell no. I know a Libra. Still owes me money.
Source: CNN - 🏆 4. / 95 Read more »
Facebook’s digital currency could trigger new D.C. battlesFacebook’s impending move to offer a digital currency will create a new regulatory minefield for a company whose privacy practices have already provoked attacks from lawmakers in the U.S. and Europe One more negative article and I'm leaving FB 4ever. What would Mr. T say about anyone who handed their credit card number over to Facebook? Fb supports next-gen Nazi Trump! Dump Fb. You can live without it!
Source: politico - 🏆 381. / 59 Read more »
Facebook plans its own currency for 2 billion-plus usersFacebook unveils ambitious plan to create new digital currency similar to Bitcoin for global use. Pass. Just no. Why are they allowed to do this?
Source: ABC - 🏆 471. / 51 Read more »
Facebook just took the wraps off 'Libra', a new cryptocurrency that will let anyone in the world pay with their smartphonesFacebook is embarking on a wildly ambitious project to build a new global financial infrastructure — and Uber, Spotify, and PayPal are involved. Libra is not your friend, don't be fooled Facebook needs more money? with their dedicated server, what about no 🤗
Source: BusinessInsider - 🏆 729. / 51 Read more »
Facebook stock pops as investors anticipate its cryptocurrency announcement this weekFacebook is expected to announce a new cryptocurrency called Libra this week. Analysts anticipate it will open up new revenue streams outside advertising. قصة الذهب_الجديد ... QassimDates0 شباب وبنات قرروا ان يصنعوا منتج عظيم.. ومن ثقافتهم وبيئتهم هل يستحقون الدعم! Funny what Facebook is announcing is no crypto at all. It doesn’t meet even 1 of the needed criteria to be a crypto, not even close! Ok
Source: CNBC - 🏆 12. / 72 Read more »