BEIJING — When Facebook announced plans this year for a cryptocurrency called Libra, it said its goal was to reinvent money for the internet age. What the company probably didn’t imagine was that its efforts might spur China to get there first. China wants to start replacing the cash that people carry with a digital …
China’s Cryptocurrency Plan Has a Powerful Partner: Big Brother Read More »
(Reuters) — Facebook’s ambitious efforts to establish a global digital currency called Libra suffered severe setbacks on Friday, as major payment companies including Mastercard and Visa quit the group behind the project. The two companies announced they would leave the association Friday afternoon, as did eBay, Stripe, and Latin American payments company Mercado Pago. They …
eBay, Stripe, Mastercard, and Visa leave Facebook’s Libra Association Read More »
As Facebook prepares to launch its new cryptocurrency Libra in 2020, it’s putting the pieces in place to help it run. In one of the latest developments, it has acquired Servicefriend, a startup that built bots — chat clients for messaging apps based on artificial intelligence — to help customer service teams, TechCrunch has confirmed. …
“In general, Libra is a force for good,” says PayPal Co-Founder and Affirm CEO Max Levchin. “It’s a really interesting experiment. I’m glad they’re doing it in a way that isn’t just Facebook because of all the headwind that Facebook has experienced with the regulators. There are many questions to ask about the practical applications. …
Facebook’s Libra Is a Force For Good, Says PayPal Co-Founder Read More »
Facebook announced today a new digital wallet for a new digital currency. It is currently in a test phase and will launch live in 2020. Here is how Facebook explains the launch in its announcement release: “Today we’re sharing plans for Calibra, a newly formed Facebook subsidiary whose goal is to provide financial services that …
Designed From the Ground Up To Be a Great Medium Of Exchange, Says Facebook Calibra Head Read More »
