Daily Management Review

Visa, Uber and others to invest $ 10 million in Facebook cryptocurrency


06/14/2019


Operators of payment systems Visa Inc., Mastercard Inc. and PayPal Holding Inc., as well as Uber Technologies Inc., providing services for taxi orders and food delivery, and several other large companies supported the new cryptocurrency Facebook, which the Internet giant plans to introduce next week and launch next year.



stockcatalog
stockcatalog
Companies specializing in finance and e-commerce, venture capitalists and telecommunications firms are investing approximately $ 10 million in a consortium that will manage a cryptocurrency called Libra, writes The Wall Street Journal, citing informed sources.

Users of the new currency will be able to pay with it, make purchases on Facebook and on other websites, as well as transfer the currency to each other.

Negotiations with a number of partners are still going on, and the final composition of the consortium may change, sources say. Currently, Facebook has been supported by over a dozen companies.

Some members of the consortium have not yet received information about how the currency will work and what its role will be. At the same time, sources say that neither Facebook nor members of a consortium (called Libra Association) will manage the currency directly.

source: bloomberg.com






Science & Technology

Analysts: Google Search is losing clicks

Microsoft admits wiretapping users

You Can Wear Your New Air Conditioner With Your Clothes

Research: Anonymous data is not so anonymous anymore

French Optic 2000 unveils smart glasses

Tech giants face stricter government regulation in the US

Nestle's Head: Veggie meat is new megatrend

Huawei may introduce Android replacement in August

Are US high-tech investors causing brain drain in Europe?

'Russia's Google' Yandex Was Hacked By Western Intelligence For Spying: Reuters

World Politics

World & Politics

European Social Democrats are losing ground

Hong Kong's richest citizen calls to stop violence and unrest in the city

UK railway operators exit Interrail system

Dozens of British Airways flights canceled or delayed due to computer malfunction

China keeps importing Iranian oil in spite of US sanctions

Marijuana legalization: Did Canada benefit from cannabis boom?

Republicans and Democrats focus on carbon pricing

Iran Hints It May Swap Seized Tankers With The UK