Geopolitical futurist Abishur Prakash speaks to TRT World on how technology is splitting the current world order and the impact it will have on politics, economics and society.
The digital wallet will let users store cryptocurrencies, says David Marcus, head of Facebook’s crypto unit and will complement Diem, a digital currency the company is also developing.
Lawmakers scrutinised social media conglomerate over past scandals in which user data was exploited by political firms.
Zuckerberg took pains to reassure lawmakers that his company won't move forward with Libra, the digital currency project of Facebook, without explicit approval from all US financial regulators.
The 'Libra', Facebook's digital currency, is widely viewed by the EU as a threat to national sovereignty.
German Finance Minister Olaf Scholz speaking with reporters at the IMF and World Bank fall meetings in Washington, cited growing concern about such “stablecoins” and the potential international risks they posed.
On Friday, Visa and MasterCard announced their departures from the Libra project, as did e-commerce giant eBay and payments startup Stripe
Facebook may face too much regulation for its new cryptocurrency to take off, but the rest of the crypto market doesn't play by the same rules.
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