Banking and Financial Institutions

China’s Cryptocurrency Plan Has a Powerful Partner: Big Brother

Banking and Financial Institutions, Bitcoin (Currency), Calibra, Facebook Inc, Libra (Currency), Mark E, Mobile Commerce and Payments, People's Bank of China, Regulation and Deregulation of Industry, Renminbi (Currency), SWIFT(Society for Worldwide Interbank Financial Telecommunication), Technology NEWS, Virtual Currency, Zuckerberg /

BEIJING — When Facebook announced plans this year for a cryptocurrency called Libra, it said its goal was to reinvent money for the internet age. What the company probably didn’t imagine was that its efforts might spur China to get there first. China wants to start replacing the cash that people carry with a digital […]

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Facebook’s Libra Cryptocurrency Faces Exodus of Partners

Banking and Financial Institutions, Computers and the Internet, David A, eBay Inc, Facebook Inc, Libra (Currency), Marcus, Mark E, MasterCard Inc, Regulation and Deregulation of Industry, Social Media, Stripe Inc, Technology NEWS, Zuckerberg /

As part of that, the social network said, it had more than 27 corporate partners — including PayPal, Visa, Mastercard and companies like Uber — that had pledged to support the project. The partners are important because Libra will be controlled not by the social network but by a broad network of corporations, Facebook said.

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