Facebook wants to do to Bitcoin—and maybe even the dollar, euro, and yen—what it did to MySpace and Friendster by launching a new cryptocurrency called libra, announced on Tuesday after months of anticipation and speculation.
Visa, Mastercard, PayPal, Uber among companies joining Facebook stablecoin project
Wall Street Journal reports the social media giant will unveil GlobalCoin details next week
Facebook has signed up a who’s who of tech and financial powerhouses to back its forthcoming stablecoin, including Mastercard, Visa, PayPal, and Uber, the Wall Street Journal reported on June 13.
INTERVIEW: Blockchain Capital’s origin story is steeped in gaming lore
Martine Paris interviews Brad Stephens about everything from video game currencies to Facebook’s GlobalCoin
When the sons of legendary investment banker Paul Stephens met Mighty Ducks star Brock Pierce, they were avid World of Warcraft gamers and he was amassing an empire of digital goods exchanges where players could buy, sell, and trade valuable in-game items and virtual currency. Together they would go on to form Blockchain Capital, the first venture capital firm to fund the blockchain ecosystem.
As Facebook moves aggressively into crypto, challenges await
The social media giant is getting serious about its stablecoin, says CFTC Chair Giancarlo
Facebook has begun talking to U.S. regulators about getting approval for its forthcoming stablecoin cryptocurrency, said to be referred to as “GlobalCoin” at Facebook.