Where it all went wrong for Facebook’s Libra

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Facebook was blindsided when companies including EBay, PayPal and Visa stepped back from its Libra digital currency project, leaving its future hanging in the balance.

As one scandal after another has chipped away at trust in his company over the past three years, Facebook CEO Mark Zuckerberg has adopted a public pose of penitence, promising to take more responsibility for its power and put users’ privacy at the center of its products.

But even the remaining members are shaky, with some expressing reservations and monitoring for future disruptions. “The dominoes are falling,” one current member said. One person closely involved with Libra said they believed early conversations with the U.S. Treasury about the project had been “pretty good” and that some sizable banks were among the more than 1,500 organizations that have expressed interest in signing up as Libra partners in future. According to Libra, 180 of those meet the criteria for potentially becoming a member.

 

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Business requires trust. Facebook is one of the least trustworthy brands in the world. They are right behind Monsanto. They stalk you, sell your info, and will shut you off at will, without explanation, and without recourse. Facebook would do the same with your Libra.

That is what it always turns into

DeleteFacebook

'Libra is a cardinal sign, which means Libras are accordingly great at launching new initiatives.'

Facebook is to be my servant to have all right, . What must America do with Israel, which is unable to pay America more than $ 7 trillion for the Arab Spring? Selling debt, debt refinancing, or outsourced bankruptcy?It turns out that America must pay foreign expenses!

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Facebook's Libra is key for US crypto competitiveness, analyst says - Business InsiderFacebook's Libra is the US's best shot at beating China to become the dominant digital currency for emerging economies, analyst says How much did Facebook pay you for this news? xrpthestandard
Source: BusinessInsider - 🏆 729. / 51 Read more »