Facebook Launches Swiss-Based Startup to Develop Its Crypto

Facebook Launches Swiss-Based Startup to Develop Its Crypto
фото показано с : ethereumworldnews.com

2019-5-19 11:44

The social media heavyweight has recently set up a company in Switzerland to focus on its stablecoin and blockchain-based payment system

Citing a Swiss news website, Handelszeitung, Reuters reports that Mark Zuckerberg’s social media has chosen the local jurisdiction for making its plans regarding its USD-pegged coin come true.

Choosing the most crypto-friendly country

Facebook is dead serious about its plans to give users a new digital coin and has chosen the best place for creating it. The company is registered in Geneva and the Crypto Valley located in Zug is also close by. As of last year, Switzerland has adopted a friendly approach towards crypto, ICOs and cryptocurrency startups.

As per the news report, Facebook has launched Libra Networks to produce the payments system on DLT which was announced earlier. The secretive project of the company is already known under the title Libra Project.

Libra Networks runs under the ownership of Facebook Global Holdings II, Ireland-based. Apart from cryptocurrencies, the startup will be dealing with other areas closely related to crypto – DLT, analytics, data processing and identity management.

Facebook has not commented on the situation yet.

Investors are looking forward to ‘Facebook Coin’

Previously, Ethereum World News reported that many of US citizens are willing to invest in ‘Facebook Coin’, rather than Bitcoin, and use it on the social media platform and other platforms owned by Facebook, such as, WhatsApp and Instagram.

LendEDU conducted a survey on a thousand adult US citizens, eager to study their trust to the crypto area and the previously announced ‘FB Coin’ in particular.

The report shows that just 7 percent of respondents have ever invested in crypto, e.g., Bitcoin, XRP, Ethereum. However, 18 percent are looking forward to buying ‘Facebook Coin’ as soon as it is launched and open for usage.

Facebook works hard on its crypto product

Recently, Mark Zuckerberg’s giant took two former Coinbase top management employees on its payroll. One of them, Mikheil Moucharrafie, left Coinbase for Facebook in April this year.

The other, Jeff Cartwright, has been with Facebook since March, after working for almost five years for the major crypto exchange.

As reported by Ethereum World News previously, Facebook is in negotiations with a great number of large VC firms in order to raise $1 bln to back its cryptocurrency.

‘Facebook Coin’ has also provoked certain concerns of US authorities, who have recently published an open letter to Mark Zuckerberg, demanding that the company discloses more details about the Libra Project.

The post Facebook Launches Swiss-Based Startup to Develop Its Crypto appeared first on Ethereum World News.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Social Media Coin (SMAC) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 SMAC

media social facebook crypto swiss-based startup develop

media social → Результатов: 126


Фото:

Tipb.ch App Allows You to Share a Short URL Rather Than a BCH Address on Social Media

On March 23, the creator of the blog platform read.cash and the social media application noise.cash revealed a new project called tipb.ch. The application allows anyone to create a customizable short address that can be used for tips rather than having to share a long BCH address on social media platforms. Platform Tipb.ch Allows You […]

2021-3-24 07:30


This game shows you how bots and trolls spread fake news on social media

Social media platforms off late have come under criticism for poisoning public discourse, even to the extent of getting labeled as “toxic swamps full of trolls, liars and bots. ” But as Facebook and Twitter become a conduit for bad actors to manipulate news, set agendas, and propagate toxic viewpoints, they’ve moved far from being just a space to share “what’s on your mind.

2019-9-27 13:33


SNAX Brings Real Value To Social Media Content

Influencers Will Get Rewarded for Publishing Great Content Do you feel that major social media platforms are piggybacking on the content creators, reaping nearly all the benefits, leaving true influencers with peanuts? Well, there is a remedy for such a blatant injustice! Snax introduces an innovative blockchain overlay solution that will allow social media influencers […] The post SNAX Brings Real Value To Social Media Content appeared first on ZyCrypto.

2019-1-17 14:04


Фото:

SEC Wants $27.5 Million Social Media Secret Weapon

The Securities and Exchange Commission is ready to invest $27. 5 million in a social media monitoring tool that measures market sentiment, and has invited bids. Social media manipulation and fraud are invidious components of the cryptocurrency world, and some observers are concluding that as the SEC moves toward regulation, it needs to be able to […] The post SEC Wants $27.

2018-9-4 20:28


Фото:

SEC Wants Social Media Secret Weapon For Market Sentiment

The Securities and Exchange Commission is ready to invest in a social media monitoring tool that measures market sentiment, and has invited bids. Social media manipulation and fraud are invidious components of the cryptocurrency world, and some observers are concluding that as the SEC moves toward regulation, it needs to be able to root out […] The post SEC Wants Social Media Secret Weapon For Market Sentiment appeared first on Crypto Briefing.

2018-9-5 20:28