why is facebook making a cryptocurrency

Last Updated on November 25, 2023 by Paganoto

Facebook's dream of creating its own global cryptocurrency …

Facebook's dream of creating its own global cryptocurrency …

In theory, that could make it cheaper and easier to send money and pay for things anywhere in the world. Libra, it said, would be backed by a reserve of fiat currencies, such as the dollar and euro, to help prevent the volatility that has plagued other cryptocurrencies.Feb 1, 2022

Why Is Facebook Getting Into Cryptocurrency? – IEEE Spectrum

Why Is Facebook Getting Into Cryptocurrency? – IEEE Spectrum

Facebook is on the cusp of launching an ambitious new cryptocurrency-based payment system that it says will boost financial inclusion and slash transaction …

Facebook Steps Toward Cryptocurrencies – IEEE Spectrum

Facebook Steps Toward Cryptocurrencies – IEEE Spectrum

Facebook has finally made its long awaited foray into cryptocurrencies, but the project is a shadow of its ambitious initial plans. The company has launched …

Facebook hopes the cryptocurrency it backs will launch in 2021

Facebook hopes the cryptocurrency it backs will launch in 2021

He argued that Facebook could have built the cryptocurrency in a “closed way” only making it available to users of WhatsApp and Messenger, …

Facebook scales back its crypto ambitions once again

Facebook scales back its crypto ambitions once again

Facebook is launching a small pilot of its cryptocurrency wallet named Novi. A limited number of people in the U.S. and Guatemala can sign …

Meta's Novi Service to Be Phased Out: What You Need to Know

Meta's Novi Service to Be Phased Out: What You Need to Know

Diem wasn’t actually Facebook’s cryptocurrency. It was a project of the Diem Association, which Facebook originally co-founded as the Libra …

How Facebook's Name Change to Meta Could Mask Its Crypto …

How Facebook's Name Change to Meta Could Mask Its Crypto …

This is a much scaled down version of Facebook’s attempted, and failed, crypto launch of its own Libra token in 2019 that was scrapped following …

Facebook to Launch Its Own Cryptocurrency, Called "Diem"

Facebook to Launch Its Own Cryptocurrency, Called "Diem"

Cryptocurrency Uses Digital Files as Money · Diem Makes it as Easy to Transfer Cash as it Sends Photographs · Facebook Diem Will Use Blockchain …

Facebook's Cryptocurrency Venture to Wind Down, Sell Assets

Facebook's Cryptocurrency Venture to Wind Down, Sell Assets

The Diem Association, the consortium Facebook founded in 2019 to build a futuristic payments network, is winding down and selling its technology …

Zuckerberg's Facebook Dropping Plans to Have its Own …

Zuckerberg's Facebook Dropping Plans to Have its Own …

Facebook’s announcement of its own proposed virtual currency, Libra, in June 2019 was meant to accelerate the adoption of alternative currency …