Facebook plans its own currency for 2 billion-plus users

Digital currency will let billions of users make transactions but is raising privacy concernsFacebook has announced a digital currency called Libra that will allow its billions of users to make financial transactions across the globe, in a move that could potentially shake up the world’s banking system.Libra is being touted as a means to connect people who do not have access to traditional banking platforms. With close to 2.4 billion people using Facebook each month, Libra could be a financial game changer, but will face close scrutiny as Facebook continues to reel from a series of privacy scandals. Continue reading...

Facebook plans its own currency for 2 billion-plus users

Facebook already rules daily communication for more than two billion people around the world. Now it wants its own currency, too.

Tue 18 Jun 19 from Phys.org

With virtual money, Facebook bets on disrupting the world, again

Facebook's ambitious plan for a virtual currency has the potential to disrupt the way people store, spend and send money and open up new business opportunities for the world's leading social ...

Tue 18 Jun 19 from Phys.org

Facebook to unveil new cryptocurrency

Facebook is set Tuesday to unveil a bid to bring cryptocurrency payments into the mainstream, reportedly with the endorsement of governments and financial giants.

Mon 17 Jun 19 from TechXplore

Facebook takes aim at e-commerce with Libra cryptocurrency

Facebook plans to launch a cryptocurrency called Libra next year as part of its wider efforts to expand beyond social networking into e-commerce and global payments.

Tue 18 Jun 19 from Reuters Technology

Move over, Bitcoin. Facebook has its own plans for digital currency.

Despite an ongoing investigation into its privacy policies and the first major antitrust probe into Big Tech, Facebook has announced its plans to establish its own digital currency.

Tue 18 Jun 19 from The Christian Science Monitor

Swiss regulator says in contact with initiators of Facebook's Libra

Switzerland's financial regulator FINMA said on Tuesday that it is in contact with the "initiators" of Libra, Facebook's planned cyrptocurrency.

Tue 18 Jun 19 from Reuters Technology

Factbox: Facebook's new cryptocurrency Libra and digital wallet Calibra

Facebook Inc revealed plans to establish a cryptocurrency called Libra on Tuesday. It will be run by an association comprised of other corporate investors and non-profit members, with an expected ...

Tue 18 Jun 19 from Reuters Technology

Facebook reveals Libra cryptocurrency, with lofty goals

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. ...

Tue 18 Jun 19 from Reuters Technology

Libra: Facebook launches cryptocurrency in bid to shake up global finance

Digital currency will let billions of users make transactions but is raising privacy concernsFacebook has announced a digital currency called Libra that will allow its billions of users to make ...

Tue 18 Jun 19 from Guardian.co.uk

Bookmark

Bookmark and Share