Posted on 10/02/2019 6:55:29 AM PDT by C19fan
Cracks are forming in the coalition Facebook Inc. assembled to build a global cryptocurrency-based payments network.
Visa Inc., Mastercard Inc. and other financial partners that signed on to help build and maintain the Libra payments network are reconsidering their involvement following a backlash from U.S. and European government officials, according to people familiar with the matter. Wary of attracting regulatory scrutiny, executives of some of Libra’s backers have declined Facebook’s requests to publicly support the project, the people said.
Their reluctance has Facebook scrambling to keep Libra on track. Policy executives from Libra’s more than two dozen backers—a group called the Libra Association—have been summoned to a meeting in Washington, D.C., on Thursday, according to people familiar with the matter.
(Excerpt) Read more at wsj.com ...
Facebook wants to manage a global crypto currency?
They can’t even get their messaging system secure.
Facebook is a very creepy, sinister company.
It is a true evil corporation.
Facebook wants to control everything like that evil Communist Chinese company TenCent does in China.
Post the wrong thing on Facebook (er the truth) and lose access to money as well?
No thank you
Yeah, no.
These guys are as sinister as Hell.
Post the wrong thing on Facebook (er the truth) and lose access to money as well?
No thank you
Fakebook is now the FedGov’s b*tch.
They can make Zuck dance any way they want to by saying the magic words “anti trust”.
2% in and 2% out. Who wouldn’t want part of that?
Once people see what a scam this is, they will look to real, decentralized crypto’s.
Visa, Mastercard, Others will cool their heels waiting to see if Warren eventually gets into the WH and proceeds to vivisect FACEBOOK.
There is already fear of influencers losing their income because of a liberal hate mob false flagging them for copyright infringement or hate speech, getting their ad revenue killed or getting accounts killed.
Shadow banning and outright banning of non-PC people denies you your civil rights, both interfering in your ability to speak and associate with others.
A Facebook currency combines these two and puts everyone’s financial health at risk. Say something that triggers a liberal hate mob, and you get kicked off the platform. You lose your Facebook account, and given Google’s example, you’d lose your Facebook savings, too. They close your account for a fake cause, they keep your money.
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