VIRTUAL CURRENCY: The objective of this name change is to mark a little more distance between Diem – formerly Libra – and Facebook, its initiator The development of its cryptocurrency has not been a long quiet river for Facebook. The project has indeed been strongly criticized by many regulators. The latter feared that Facebook’s cryptocurrency could be a threat to the […]
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ECONOMY: This virtual Facebook currency will not look like it originally intended Announced in June 2019, the cryptocurrency imagined by Facebook would finally be ready to be launched, assures the Financial Times. Libra could indeed make its appearance in January 2021, after having faced many obstacles. Unexpected events that had a direct impact on the Facebook project. In the end, the Libra will not quite […]
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As a member of the consortium of partners including Visa and Mastercard, the group, Paypal had planned to invest at least $ 10 million in the Facebook Libra Cryptocurrency project. The growing opposition of many players and regulators to Facebook’s future virtual currency has finally defeated the willingness of a major investor to participate. PayPal has announced Friday its decision […]
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DIGITAL CURRENCY: The US government is afraid that this virtual currency, Libra by Facebook will be used to launder money or finance terrorism The US government is not totally excited about Libra, Facebook’s cryptocurrency. On Monday, Donald Trump’s finance minister, Steven Mnuchin, issued a warning to Facebook about his virtual currency project, fearing that Libra would be used for the wrong reasons. “The Treasury […]
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Facebook is launching into cryptocurrency with “Libra”, a new means of payment that should particularly benefit the billion people “excluded” from the banking system Facebook will it fly with its 2.7 billion users with cryptocurrencies? In any case, this is his intention with “Libra”, a virtual currency meant to buy goods or send money as easily as an instant […]
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