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Cyber Bitcoin
Edited by qqqpeter at 2019-5-3 16:15

Source: The Wall Street Journal


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According to reports, the Libra project as a blockchain program is internally referred to as a stable currency involving government currency support. Sources close to the situation confirmed the Block aspect of The Journal's report, including the fact that the facebook is recruiting financial companies to help with the launch of the project, the project name is Libra.

Important content in the report:

Facebook plans to launch a complete payment network (not just remittances) and support it with payment networks Visa and MasterCard, payment processors such as Giant First Data and large e-commerce merchants.

Facebook is seeking collective investment of up to $1 billion from these companies to support and support the stable currency associated with payment networks as collateral.

In order to eliminate credit card charges, there will be a stable currency as the currency of the payment system. Merchants and avoid the volatility of other cryptocurrencies such as Bitcoin and Ethereum.

The company is considering binding the currency to the core advertising engine of the book, rewarding users for viewing the ad and then purchasing the product, similar to how loyalty points reward work.

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