Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Jim__

(14,045 posts)
Mon Jun 17, 2019, 10:59 AM Jun 2019

Facebook to unveil new cryptocurrency

From phys.org:

Facebook is set Tuesday to unveil a bid to bring cryptocurrency payments into the mainstream, reportedly with the endorsement of governments and financial giants.

The world's biggest social network is expected to outline details of a virtual currency launching next year that it hopes will avoid the rollercoaster volatility of "blockchain" technologies such as bitcoin.

Facebook is setting up a consortium called "Libra" which, according to the Wall Street Journal, has been joined by more than a dozen companies including Visa, Mastercard, PayPal and Uber.

The companies along with venture capitalists and telecommunications firms will reportedly invest around $10 million each into the consortium.

more ...
7 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies

lagomorph777

(30,613 posts)
2. I know right? They steal users' data all the time - now they want to steal users' money.
Mon Jun 17, 2019, 11:14 AM
Jun 2019

No thanks to both; I will never touch Facebook or Twit.

Latest Discussions»Issue Forums»Editorials & Other Articles»Facebook to unveil new cr...