Facebook New Cryptocurrency

New York (CNN Business)For the last year, Facebook has been signaling it wants in on the cryptocurrency phenomenon.At its F8 developers conference last month, cofounder and CEO Mark Zuckerberg. It is planning to set up a digital payments system in about a dozen countries by the first quarter of 2020 Project Libra, a new cryptocurrency launched by Facebook, looks to mainstream digital currency through apps like WhatsApp and Messenger. Subscribe to The Washington Post. 50 Companies Back New Cryptocurrency Project Competing With Facebook's Libra Some members of the Libra Association are now backing a rival project called Celo, which has its own blockchain and. The organization has been held up in investire in ferma di bitcoin part by concerns over its ties to Facebook, and the name change is meant to reflect its. Facebook’s Libra cryptocurrency is set to make its debut in early 2021. Diem is envisioned as a global financial payments and. The news and broadcasting organisation said on Friday. The new virtual money system will allow users to use their smartphones as a. The most noteworthy risk for a social-media company seeking to launch a new product such as a cryptocurrency like Diem is the headwinds it will face from regulators seeking to understand the platform and predict the risks and challenges. You’ll pseudonymously buy or cash out your. A little like Bitcoin and a little like PayPal, Libra will be a new digital. Libra, the cryptocurrency spearheaded by Facebook, got a new name on Tuesday, a move facebook new cryptocurrency designed to reinforce "its organizational independence" as the ever-shrinking project seeks regulatory approval (RTTNews) - Social media giant Facebook Inc.'s (FB) new cryptocurrency Libra could reportedly launch as soon as January but in a limited format.According to a report from The Financial Times, the. Facebook has long been at work leading the development of a new cryptocurrency called Diem (formerly Libra).