Facebook’s cryptocurrency project is taking a new, scaled-down approach as transactions increasingly take place online during the coronavirus pandemic. The Libra Association, an independent group organized by Facebook to manage the libra crytocurrency, said it now plans to offer stable coins backed by just one nation’s currency in addition to its coins Read more…
Google and Facebook are sharing anonymous information about their customers to fight the coronavirus. Internet giants Google and Facebook are providing large swathes of data about their customers to governments. Google is releasing anonymized data from Maps and Facebook is providing mobile location data every day to US cities and Read more…
The latest industry report coming from The Information states that Facebook is reportedly tweaking its Libra Project that aimed at getting its native cryptocurrency Libra in the global financial system. People familiar with the matter told that Facebook is no longer willing to launch its Libra token in the market. Instead the Libra platform Read more…
Mastercard’s CEO ditched Facebook’s Libra because of his concerns about compliance, monetization, and the social-media titan’s plan to insert itself into transactions, he recently told the Financial Times. Ajay Banga signed up Mastercard to support Facebook’s digital currency and network, but dropped out — along with Visa, eBay, PayPal, and other Read more…
It is no more news to the crypto world that the social media giant Facebook is reportedly working on its native cryptocurrency. Besides, during the Facebook developer conference earlier this year, CEO Mark Zuckerberg spoke that payments would be an important part of the company’s future business. According to the Read more…