Breaking
Link copied Facebook registers new cryptocurrency firm Libra Networks in Switzerland
Mon, 20 May 2019, 05:49 am UTC
Facebook has registered a new financial technology company, Libra Networks, in Geneva, Switzerland, on May 2, as shown on Geneva’s commercial register.
The new subsidiary, with Facebook Global Holdings as the stakeholder, aims to provide financial and technology solutions and develop related hardware and software, according to Reuters. It will reportedly focus on “investing, payments, financing, identity management, analytics, big data, blockchain, and other technologies.”
Facebook is taking a slow and steady move towards its crypto ambition. Just this month, the owner of WhatsApp, Messenger, and Instagram has been on a hiring spree for its new blockchain team. It recently hired two compliance managers from cryptocurrency exchange Coinbase. Both Mikheil Moucharrafie and Jeff Cartwright on-boarded Facebook as the company’s new compliance officer and policy and compliance manager, respectively.
Several reports surfaced earlier this year suggesting that Facebook was working on “Facebook Coin." - a stablecoin pegged to a basket of different foreign currencies. The cryptocurrency project even reached the US Senate Committee on Banking, Housing, and Urban Affairs.
In 2018, Facebook revealed its plan to explore potential blockchain technology applications. Mark Zuckerberg, CEO of Facebook, also noted that the company will start looking into cryptocurrencies to empower individuals and “how to best use them in our services.”
<Copyright © TokenPost. All Rights Reserved. >
-
PUBLISH (NEWS)
$0.000614 (+0.37%)
-
Bitcoin (BTC)
$26,409.00 (+0.17%)
-
Ethereum (ETH)
$1,619.80 (+0.56%)
-
Tether USDt (USDT)
$0.999162 (-0.01%)
-
BNB (BNB)
$212.87 (-0.47%)
-
XRP (XRP)
$0.499512 (-0.29%)
-
PUBLISH (NEWS)
$0.000614 (+0.37%)
Jul 15, 2021 (Thursday)
13:30 
BTC Surges by 1.16% Within 5 Mins, Marking 31,824.01 USDT
12:06
BTC Surges by 1.12% Within 5 Mins, Marking 32,104.8 USDT
10:25
BTC Drops by 1.03% Within 5 Mins, Marking 32,171.88 USDT
02:13
TriumphX Scouts 'MINAMCOMPANY' CEO Woo-Seong Lee As Creative Director
02:00
ETH Tops List Of Crypto Net Inflow With $298.96 Mln In Past 10 Hours
Jul 14, 2021 (Wednesday)
13:14
BTC Surges by 1.03% Within 5 Mins, Marking 32,738.08 USDT
09:03
BTC Surges by 1.01% Within 5 Mins, Marking 31,899 USDT
02:30
Crypto Market Sentiment On Jul 14: Market In "Extreme Fear"
02:00
ETH Tops List Of Crypto Net Outflow With $224.97 Mln In Past 10 Hours
Jul 13, 2021 (Tuesday)
02:30
Crypto Market Sentiment On Jul 13: Market In "Extreme Fear"
02:00
ETH Tops List Of Crypto Net Outflow With $178.61 Mln In Past 10 Hours
Jul 12, 2021 (Monday)
02:30
Crypto Market Sentiment On Jul 12: Market In "Extreme Fear"
02:00
BTC Tops List Of Crypto Net Inflow With $164.82 Mln In Past 10 Hours
Jul 11, 2021 (Sunday)
21:31
BTC Surges by 1.02% Within 5 Mins, Marking 34,475.6 USDT
10:00
ETH Tops List Of Crypto Net Inflow With $122.76 Mln In Past 18 Hours
06:17
SOBA Listed On LATOKEN
02:30
Crypto Market Sentiment On Jul 11: Market In "Extreme Fear"
02:00
BTC Tops List Of Crypto Net Outflow With $87.56 Mln In Past 10 Hours
Jul 9, 2021 (Friday)
21:40
BTC Surges by 1.08% Within 5 Mins, Marking 33,911.8 USDT
02:30
Crypto Market Sentiment On Jul 09: Market In "Extreme Fear"
Popular news
