4 articles
In a hearing with plenty of criticism aimed at Facebook and Mark Zuckerberg, Kentucky Republican Andy Barr lodged a defense of the company’s attempt at innovation in financial services. He said: Criticism is cheap. Anybody can criticize. As you can see here today, politicians in Washington are pretty good at lodging criticism. But creating something […]
PayPal has become the first company to pull out of an alliance that is trying to launch Facebook’s digital currency Libra. PayPal announced in a statement on Friday afternoon but did not specify what had prompted the decision. Libra and its digital wallet Calibra were revealed by Facebook in June. But the cryptocurrency has been […]
U.S. President Donald Trump on Thursday (Jul 11) criticised Bitcoin, Facebook’s proposed Libra digital coin and other cryptocurrencies and demanded that companies seek a banking charter and make themselves subject to U.S. and global regulations if they wanted to “become a bank.” “I am not a fan of Bitcoin and other Cryptocurrencies, which are not […]
Facebook is to launch a cryptocurrency next year – backed by the likes of Mastercard, Visa and PayPal – which will allow people to move money from their smartphone. The currency is known as Libra, which the social network says it has “no special role” in governing and will manage the reserve equally with a […]
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