Tag: Calibra
MPs consider probe into Facebook Libra cryptocurrency
A probe into Facebook’s Libra digital currency plans is being considered by MPs, it has been reported. Concerns have been raised over the social network’s intentions to start a cryptocurrency called Libra, which will be run by a number of firms including Mastercard, Visa and PayPal. Facebook will incorporate the currency into its digital wallet…
Facebook defends Libra digital currency in US Senate grilling
The chief of Facebook’s new digital currency, Libra, has said it understands “loud and clear” that people do not want financial details connected to their social media data. David Marcus was grilled by US senators who expressed concern about Facebook’s planned cryptocurrency Libra, which will be run by a number of firms including Mastercard, Visa…
Libra cryptocurrency users don’t have to trust Facebook, says social media giant
Facebook will not control the new Libra cryptocurrency it has launched or the network around it, the social media giant’s lead on the project has said. David Marcus said Facebook will have no “special rights or privileges” around Libra or the Calibra digital wallet linked to it, as he defended the company’s new project. The…