Libra

The US Senate Banking Committee has demanded Facebook Inc. provide information about a secret cryptocurrency project codenamed Libra. Lawmakers are interested in exactly how the company intends to process the personal data of users of this proposed payment system. Representatives of the committee stressed that last year, Facebook requested data about its users from US banks. They added that many experts believe […]

The largest social network Facebook can announce the launch of its own cryptocurrency in the third quarter of this year, reports Bloomberg, citing sources familiar with the situation. The first country where the new steyblecoin will be tested is supposed to be India. Here, ordinary payments are already being tested on the basis of WhatsApp Pay's Facebook service. In addition, it is reported that to work on the project the company […]

Blockchain Capital, a venture capital firm’s partner Spencer Bogart, is confident that Facebook’s initiative to launch its own stablecock will significantly speed up the massive adoption of cryptocurrencies. He stated this in an interview with Bloomberg. In particular, he noted that after the launch of cryptocurrencies from the largest social network in the world, the number of holders of digital assets will increase two to three times. “It's like using the Internet. People can move away […]