Saturday, December 14

Tag: Facebook cryptocurrency

Facebook Introduced its Cryptocurrency “Libra”, Target 1.7 Billion People
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Facebook Introduced its Cryptocurrency “Libra”, Target 1.7 Billion People

Facebook entered into the world of cryptocurrency with its own digital money "Libra" designed to let people save, send or spend money as easily as firing off text messages. Facebook and some two dozen partners from US and Uk released a prototype of Libra as an open source code to be used by developers interested in weaving it into apps, services or businesses ahead of a rollout as global digital money next year. A Geneva-based nonprofit association will monitor the Libra, maintaining a real-world asset reserve to keep its value stable. The initiative has the potential to allow more than 1.7 billion "unbanked" people around the world access to online commerce and financial services, said Libra Association head of policy and communications Dante Disparte."We believe if you give peop...
Facebook New cryptocurrency Libra backed by Visa, Mastercard, PayPal and Uber
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Facebook New cryptocurrency Libra backed by Visa, Mastercard, PayPal and Uber

California, 18th June 2019: Facebook will unveil its cryptocurrency "Libra" in a bid to bring cryptocurrency payments into the mainstream with the backing of big tech companies. The world's biggest social network is expected to outline details of a virtual currency launching next year that it hopes will avoid the rollercoaster volatility of "blockchain" technologies such as bitcoin. Facebook is setting up a consortium called "Libra" which backed by more than a dozen companies including Visa, Mastercard, PayPal, and Uber. The companies along with venture capitalists and telecommunications firms will reportedly invest around $10 million each into the consortium. Facebook has been trying to ward off hostile regulatory scrutiny after a series of privacy abuses and the spread of fak...