Axar.az
UP

Axar.Az Logo

Facebook defends its currency - Libra

Home page Technology
12 Punto 14 Punto 16 Punto 18 Punto

Facebook executive defends social media giant's botched Libra cryptocurrency after high-profile backers like PayPal, Visa and Mastercard abandon it

Axar.az reports citing Dailymail that the head of Facebook's digital currency project has defended the social media giant's botched attempt to start a new cryptocurrency after high-profile backers like PayPal, Visa and Mastercard abandoned it.

Facebook executive David Marcus said on Wednesday that he still expects to get 100 banks and financial firms on board for its Libra project once it addresses regulatory concerns.

The company's ambitious efforts to establish a global digital currency have suffered severe setbacks in recent days.

Several high-profile partners including PayPal, Visa and Mastercard have recently withdrawn their backing for the project.

Date
2019.10.17 / 18:12
Author
Axar.az
Comments
See also

Washington blames FB, Youtube for anti-vax propaganda

Zuckerberg wants Facebook to become online 'metaverse'

Zoom presents Zoom Apps, Zoom Events

Jeff Bezos made his first flight into space

Facebook: it should not be blamed for U.S.

WhatsApp to let users message without their phones

Netflix files appeal against court ruling over network usage fee

Musk to face second day of questioning in SolarCity trial

Netflix, Universal extend licensing deal

Tik Tok will automatically delete these videos

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla