Facebook Inc revealed plans on Tuesday to launch a cryptocurrency called Libra, ...
SAN FRANCISCO/NEW YORK - Facebook Inc revealed plans on Tuesday to launch a cryptocurrency called Libra, the latest development in its effort to expand beyond social networking and move into e-commerce and global payments.
The Menlo Park, California-based company has big aspirations for Libra, but consumer privacy concerns or regulatory barriers may present significant hurdles. Some Facebook adversaries have called for the company to incur penalties, or be forcibly broken up, for mishandling user data, allowing troubling material to appear on its site and not preventing Russian interference in the 2016 presidential election through a social media disinformation campaign.
Facebook hopes it can bring global regulators to the table by publicizing Libra, said Kevin Weil, who runs product for the initiative.“It gives us a basis to go and have productive conversations with regulators around the world,” said Weil. “We’re eager to do that.”Bitcoin, the most well-known cryptocurrency, was created in 2008 as a way for pseudonymous users to transfer value online through encrypted digital ledgers.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Facebook Unveils Crypto Wallet, Based on Currency LibraFacebook formally announced plans to launch a cryptocurrency called Libra, promising a secure blockchain-based payment system backed by hard assets and designed for mainstream users.
Consulte Mais informação »
Facebook wants to make cryptocurrency mainstream. Here's howFacebook announced its digital currency project, Libra, which will be available to a global audience through the company's platforms.
Consulte Mais informação »
Facebook’s digital currency could trigger new D.C. battlesFacebook’s impending move to offer a digital currency will create a new regulatory minefield for a company whose privacy practices have already provoked attacks from lawmakers in the U.S. and Europe
Consulte Mais informação »
Facebook plans its own currency for 2 billion-plus usersFacebook unveils ambitious plan to create new digital currency similar to Bitcoin for global use.
Consulte Mais informação »
Facebook just took the wraps off 'Libra', a new cryptocurrency that will let anyone in the world pay with their smartphonesFacebook is embarking on a wildly ambitious project to build a new global financial infrastructure — and Uber, Spotify, and PayPal are involved.
Consulte Mais informação »
Facebook stock pops as investors anticipate its cryptocurrency announcement this weekFacebook is expected to announce a new cryptocurrency called Libra this week. Analysts anticipate it will open up new revenue streams outside advertising.
Consulte Mais informação »