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+--- Thread: Facebook Collaborating With MasterCard, Visa, PayPal For Its Cryptocurrency: Report (/Thread-Facebook-Collaborating-With-MasterCard-Visa-PayPal-For-Its-Cryptocurrency-Report)
Facebook Collaborating With MasterCard, Visa, PayPal For Its Cryptocurrency: Report - skeeba - 06-14-2019
Quote:Facebook has been in the news for its own cryptocurrency for a while now. With the company’s plans to soon step into the crypto arena, the latest buzz tells us more about Facebook’s new venture.
According to a new report, Facebook has been in talks with several financial institutions for its Project Libra and the list includes Mastercard Inc., Visa Inc., PayPay Holdings Inc., and Uber Technologies Inc.
In addition to the aforementioned companies, the companies that are backing the Facebook cryptocurrency are Stripe Inc., Booking.com and MercadoLibre Inc., as well as a number of more companies.
Link: https://fossbytes.com/facebook-collaborate-mastercard-visa-cryptocurrency/
RE: Facebook Collaborating With MasterCard, Visa, PayPal For Its Cryptocurrency: Report - mothered - 06-15-2019
Hopefully, this Is a positive move for Facebook.
Given the magnitude of their privacy Issues, they certainly need It.
RE: Facebook Collaborating With MasterCard, Visa, PayPal For Its Cryptocurrency: Report - Kludge - 06-15-2019
The internet company who keeps the most track of its users is creating an "anonymous currency"... Sounds legit to me.
RE: Facebook Collaborating With MasterCard, Visa, PayPal For Its Cryptocurrency: Report - Tracefl0w - 06-16-2019
(06-15-2019, 06:58 AM)Kludge Wrote: The internet company who keeps the most track of its users is creating an "anonymous currency"... Sounds legit to me.
It's more like a SYD (Steal Your Data Coin)
Facebook... enough said. I won't touch it. For the same reasons I won't go near Gemini.
RE: Facebook Collaborating With MasterCard, Visa, PayPal For Its Cryptocurrency: Report - Tracefl0w - 06-16-2019
(06-15-2019, 05:08 AM)mothered Wrote: Hopefully, this Is a positive move for Facebook.How could this possibly be a positive move for Facebook, the coin itself is a centralized corporate coin.
Given the magnitude of their privacy Issues, they certainly need It.
The only way I see this unfolding into something positive is if it's fully backed by Visa, Mastercard and Paypal and tied to a number of currencies. In that case could be one of the best currencies to own in terms of security and stability! Well, assuming it’s done right.
It will be interesting to see if this takes off as the cryptocurrency for everyone.
RE: Facebook Collaborating With MasterCard, Visa, PayPal For Its Cryptocurrency: Report - mothered - 06-16-2019
(06-16-2019, 07:28 AM)Tracefl0w Wrote:(06-15-2019, 05:08 AM)mothered Wrote: Hopefully, this Is a positive move for Facebook.How could this possibly be a positive move for Facebook, the coin itself is a centralized corporate coin.
Given the magnitude of their privacy Issues, they certainly need It.
Think about It from a logical standpoint.
If It Is to have a significant negative Impact on Facebook, they (Facebook) wouldn't be collaborating via their own volition.
RE: Facebook Collaborating With MasterCard, Visa, PayPal For Its Cryptocurrency: Report - Tracefl0w - 06-16-2019
(06-16-2019, 12:01 PM)mothered Wrote:(06-16-2019, 07:28 AM)Tracefl0w Wrote:(06-15-2019, 05:08 AM)mothered Wrote: Hopefully, this Is a positive move for Facebook.How could this possibly be a positive move for Facebook, the coin itself is a centralized corporate coin.
Given the magnitude of their privacy Issues, they certainly need It.
Think about It from a logical standpoint.
If It Is to have a significant negative Impact on Facebook, they (Facebook) wouldn't be collaborating via their own volition.
That's what they believe. However like I said before, this could turn out to be one of the best currencies to own in terms of security and stability. That's, if they make it right.