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Competition with mastodons like Facebook, Twitter, YouTube, TikTok and others promises to be difficult
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Some experts believe that even the ban on mining and cryptocurrencies in China has positive aspects
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As part of the initiative, the team entered into a partnership with California-based Silvergate Bank, which today serves several crypto companies at once
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In a post on Facebook, Zuckerberg revealed to fans the names of his two goats - "Max and" Bitcoin "
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According to informants, the largest social network in the world may announce that it has acquired Bitcoins tomorrow
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Diem Association, a non-profit organization formed by Facebook, may launch a pilot stablecoin this year
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Back in 2018, a beta version of the payment system was launched in India. But due to problems with storing and exchanging data, the official launch of the service was postponed. India has approximately 400 million WhatsApp users, so it is strategically important to Facebook.
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Despite opposition from governments around the world, the project is still ongoing. Facebook, the developer of the Libra cryptocurrency, has announced the appointment of Ian Jenkins as CFO of the digital payment system.
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The G7 project says digital payments can improve people's access to financial services, increase efficiency, and cut costs. But such payment services must be properly regulated so as not to undermine financial stability, consumer protection, privacy, taxation, or network security.
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Facebook is creating a division within the company led by David Marcus, that will work on payment initiatives and integrate payments into Facebook products
