October 2019

Facebook Wanted to Create a New Currency. It Wasn’t Ready for the Backlash.

October 16th, 2019|Tags: , , , , , , , , , , |

DJI Phantom

With libra, the social-media giant promised to change payments world-wide. Instead, major partners bolted after lawmakers and regulators challenged its plans, an early sign of how Washington is putting Facebook on a tight leash.

Original article

WSJ News Exclusive | Mastercard, Visa, eBay Drop Out of Facebook’s Libra Payments Network

October 11th, 2019|Tags: , , , , , , , , , , , , , , , , , , , , |

Paris

Mastercard, Visa, eBay and payments company Stripe are dropping out of the coalition of companies Facebook enlisted to launch a cryptocurrency-based payments network.

Original article

Facebook CEO to Testify at House Panel About Libra

October 9th, 2019|Tags: , , , , , , , , , , , , , , , , , , , |

Facebook CEO Mark Zuckerberg is slated to return to Capitol Hill this month to testify before a House panel about the company’s foray into cryptocurrency.

Original article

Visa, Mastercard, Others Reconsider Involvement in Facebook’s Libra Network

October 2nd, 2019|Tags: , , , , , , , , , , , , , , , , , , , , , |

Cracks are forming in the coalition Facebook assembled to build a global cryptocurrency-based payments network.

Original article

August 2019

Facebook’s Libra Bets It Can Bank the Unbanked

August 22nd, 2019|Tags: , , , , , , , , , |

Facebook has an ambitious goal for its proposed cryptocurrency, Libra: to bring financial services to the hundreds of millions of people world-wide who don’t use banks or other traditional institutions. The cryptocurrency sector has for years tried to do the same and failed.

Original article

Why Fund Managers Still Like Facebook Stock

August 10th, 2019|Tags: , , , , , , , , , , , , , , , , , , , , , , |

Facebook has seen a raft of problems, but its stock is up 45% this year. Some fund managers weigh in on why they like this controversial company. Hint: It’s partly about Libra, its cryptocurrency.

Original article

July 2019

Facebook’s Libra Could Aid Law Enforcement

July 30th, 2019|Tags: , , , , , , , , , , , , , , , , , , , |

Facebook executive David Marcus told Congress this month that the proposed cryptocurrency could be a valuable tool, partly because of the vast amounts of information that will be generated about its users.

Original article