Facebook reveals Libra cryptocurrency, sparking new privacy concerns and calls for regulation

//Facebook reveals Libra cryptocurrency, sparking new privacy concerns and calls for regulation

Facebook reveals Libra cryptocurrency, sparking new privacy concerns and calls for regulation

Facebook announced ambitious plans on Tuesday to launch a new global cryptocurrency called Libra, part of an effort to expand into digital payments that immediately raised privacy concerns.The social networking giant has linked with 28 partners including Mastercard, PayPal and Uber to form Libra Association, a Geneva-based entity governing the new digital coin, according to marketing materials and interviews with executives. No banks are yet part of the group.To facilitate transactions,…

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By | 2019-06-18T20:37:14+00:00 June 18th, 2019|Technology|Comments Off on Facebook reveals Libra cryptocurrency, sparking new privacy concerns and calls for regulation