[skeeba]

Facebook has been in the news for its own cryptocurrency for a while now. With the company’s plans to soon step into the crypto arena, the latest buzz tells us more about Facebook’s new venture.

According to a new report, Facebook has been in talks with several financial institutions for its Project Libra and the list includes Mastercard Inc., Visa Inc., PayPay Holdings Inc., and Uber Technologies Inc.

In addition to the aforementioned companies, the companies that are backing the Facebook cryptocurrency are Stripe Inc., Booking.com and MercadoLibre Inc., as well as a number of more companies.

Link: https://fossbytes.com/facebook-collabora...ocurrency/

[mothered]

Hopefully, this Is a positive move for Facebook.

Given the magnitude of their privacy Issues, they certainly need It.

[Kludge]

The internet company who keeps the most track of its users is creating an "anonymous currency"... Sounds legit to me.

[Tracefl0w]

The internet company who keeps the most track of its users is creating an "anonymous currency"... Sounds legit to me.

It's more like a SYD (Steal Your Data Coin)
Facebook... enough said. I won't touch it. For the same reasons I won't go near Gemini.

[Tracefl0w]

Hopefully, this Is a positive move for Facebook.

Given the magnitude of their privacy Issues, they certainly need It.

How could this possibly be a positive move for Facebook, the coin itself is a centralized corporate coin.
The only way I see this unfolding into something positive is if it's fully backed by Visa, Mastercard and Paypal and tied to a number of currencies. In that case could be one of the best currencies to own in terms of security and stability! Well, assuming it’s done right.

It will be interesting to see if this takes off as the cryptocurrency for everyone.

[mothered]

Hopefully, this Is a positive move for Facebook.

Given the magnitude of their privacy Issues, they certainly need It.

How could this possibly be a positive move for Facebook, the coin itself is a centralized corporate coin.

Think about It from a logical standpoint.

If It Is to have a significant negative Impact on Facebook, they (Facebook) wouldn't be collaborating via their own volition.

[Tracefl0w]

Hopefully, this Is a positive move for Facebook.

Given the magnitude of their privacy Issues, they certainly need It.

How could this possibly be a positive move for Facebook, the coin itself is a centralized corporate coin.

Think about It from a logical standpoint.

If It Is to have a significant negative Impact on Facebook, they (Facebook) wouldn't be collaborating via their own volition.

That's what they believe. However like I said before, this could turn out to be one of the best currencies to own in terms of security and stability. That's, if they make it right.