Facebook is embarking on a wildly ambitious project to build a new global financial infrastructure — and Uber, Spotify, and PayPal are involved.
Facebook has officially announced its new digital currency,"Libra." It's built with blockchain technology, and is being governed by a consortium of big companies including MasterCard, Visa, Uber, and Spotify. The buzzy, secretive project has been in the works for more than a year — and comes as Facebook faces numerous scandals around data privacy.
Facebook has officially announced its new digital currency,"Libra." It's built with blockchain technology, and is being governed by a consortium of big companies including MasterCard, Visa, Uber, and Spotify. The buzzy, secretive project has been in the works for more than a year — and comes as Facebook faces numerous scandals around data privacy.
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