WASHINGTON — Facebook CEO Mark Zuckerberg endured hours of prickly questioning from lawmakers Wednesday as he defended the company’s new globally ambitious project to create a digital currency while also dealing with widening scrutiny from U.S. regulators. The immediate focus of the hearing by the House Financial Services Committee was...
Facebook's Libra Currency May Flourish in Analog World
NEW YORK — Europeans and Americans have their Visa and Mastercards. For everyone else, here comes ... Libra? Facebook's new Libra digital currency is aimed at a huge potential market for financial services — the entire developing world, with billions of people in areas such as India and Sub-Saharan Africa,...
Facebook's Libra Currency Faces Financial, Privacy Pushback
SAN FRANCISCO — Facebook is getting a taste of the regulatory pushback it will face as it creates a new digital currency with corporate partners. Just hours after the social media giant unveiled early plans for the Libra cryptocurrency, French Finance Minister Bruno Le Maire insisted that only governments can...
With Cryptocurrency, Facebook Working to Become an Independent Nation
Facebook has announced a plan to launch a new cryptocurrency named the Libra, adding another layer to its efforts to dominate global communications and business. Backed by huge finance and technology companies including Visa, Spotify, eBay, PayPal and Uber – plus a ready-made user base of 2 billion people around...
Facebook Plans Its Own Currency for 2 Billion-Plus Users
SAN FRANCISCO — Facebook already rules daily communication for more than two billion people around the world. Now it wants its own currency, too. The social network unveiled an ambitious plan Tuesday to create a new digital currency similar to Bitcoin for global use, one that could drive more e-commerce...