
Facebook Announces New Product Group to Step-Up Its Digital Payments
Facebook’s new Financial product division will aim to consolidate in-app payments and transactions, as well as Facebook’s other financial products, under one umbrella.
Facebook’s new Financial product division will aim to consolidate in-app payments and transactions, as well as Facebook’s other financial products, under one umbrella.
Mark Zuckerberg has made it clear that Facebook will not launch its Libra crypto until all the regulators have been brought on board and every regulatory issue resolved satisfactorily.
Today’s the second day of Libra hearing. Amid questions of safety, compliance and consumer protection, Marcus kept stressing that Libra project would seek proper approval and registrations with the relevant authorities.
Facebook crypto chief David Marcus testified before the Senate Committee on Banking, Housing, and Urban Affairs during a hearing examining Facebook’s proposed digital currency Libra and data privacy considerations.