Facebook’s Libra is facing many regulatory challenges that have made institutional backers like MasterCard, Stripe, PayPal, and Visa lead several other potential partners in casting their doubts about the project.
If there was a competition between Libra and Bitcoin, head of Facebook’s blockchain sector David Marcus seems to have conceded rather than overselling the facts.
Facebook CEO Mark Zuckerberg recently hinted that the company is likely to double-down its plans towards e-commerce and online payment systems.
Facebook is reportedly working on developing its own stablecoin, which initially will be focused on the remittances market in India where it will enable users to transfer money via a dollar-pegged cryptocurrency on WhatsApp.
Facebook has formed a blockchain technology research group which considers the idea of developing a decentralized cryptocurrency for the social media platform. Is there a place for the new crypto economy in 2019?
The world’s first and most famous social network has announced that it welcomes fresh talents on board its passionate blockchain team.
According to the sources familiar with the matter, the two companies have been discussing the creation of a fork in the Stellar blockchain while letting Facebook develop its indigenous digital token on a separate blockchain.