• Thu, 14 Nov 2019, 11:32 PM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
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. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $8,719.48 (-1.00%)
  • Ethereum (ETH) $186.33 (-1.00%)
  • XRP (XRP) $0.270400 (-0.99%)
  • Bitcoin Cash (BCH) $279.92 (-1.98%)
  • Litecoin (LTC) $59.54 (-2.52%)
  • Bitcoin (BTC) $8,719.48 (-1.00%)
Nov 14, 2019 (Thursday)
12:14
Amun AG launches Tezos ETP on Swiss SIX Exchange; makes available 7 crypto ETPs on Boerse Stuttgart
11:38
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:37
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
10:59
Samsung SDS integrates QEDIT’s private asset transfer solution with Nexledger blockchain
10:46
Crypto Technicals: BTG/USD slips lower to test 4H 200 SMA, break below to see more downside
10:11
ASX-listed firm DigitalX launched new bitcoin fund
09:23
Telegram denies all SEC allegations concerning its gram token and sale
08:23
Crypto Technicals: XMR/USD pauses shy of 110-EMA (67.251), break above to fuel more gains
07:17
AFME calls for a common approach for regulation of crypto-assets in Europe
06:49
Crypto Technicals: XRP/USD edges higher from fresh 3-week lows at 0.2565, bias strongly bearish
06:21
Chinese bitcoin mining giant Canaan seeks to raise $100M in US IPO
05:20
Crypto Technicals: LTC/USD breaks below 21-EMA, eyes 50-DMA at 57.28
05:19
Crypto data provider Messari raises $4M from Uncork Capital, Coinbase Ventures and others
04:35
Crypto wallet startup Bitski secures $1.8M from Winklevoss Capital, Coinbase and others
04:06
Crypto Technicals: BTC/USD confined to narrow range trade, 5-DMA caps upside at 8814
Nov 13, 2019 (Wednesday)
13:19
CME sets January 13 as target date for bitcoin options launch
12:25
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:25
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
12:17
HSBC, SGX, Temasek explore DLT for end-to-end digitalization of fixed income securities
11:18
Crypto Technicals: LTC/USD trade rangebound, holds support at 21-EMA (60.12)
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft