French and US Officials Criticized Facebook’s Cryptocurrency Libra
On June 18, Facebook published the Libra documentation and launched a test version of the blockchain. Whitepaper describes the technical characteristics of the new network, the financial ecosystem management model, a programming language Move, and instructions for performing transactions in the Libra Blockchain. In 2020, the company plans to release a crypto wallet Calibra for storing Libra tokens. It will be integrated into Facebook Messenger and WhatsApp messengers. According to employees of the social network, the application will have a simple interface, so each user can send and receive digital assets without any problems. We want to remind you: https://thecoinshark.net/the-wall-street-journal-visa-mastercard-and-paypal-invest-in-facebook-cryptocurrency/
Facebook is already too big and too powerful, and it has used that power to exploit users’ data without protecting their privacy. We cannot allow Facebook to run a risky new cryptocurrency out of a Swiss bank account without oversight. https://t.co/IjZOFNai3r— Sherrod Brown (@SenSherrodBrown) 18 июня 2019 г.