Consumer advocates warn there’s no clear fix if your money goes missing through cryptocurrency transactions.
Long-time blockchain technologists say Facebook’s Libra digital currency will introduce billions to cryptocurrencies, but the company’s problems with trust and privacy remain an obstacle.
Facebook and other groups are behind a new programming language for working with the Libra blockchain.
“It literally threatens the governments that issue currency, the banks that store it and the actual transmission network,” Tally’s Jason Brown says.
Shares of Western Union fell on excitement around the potential of sending money internationally without fees with Facebook’s new cryptocurrency.
CNBC’s Jim Cramer says Facebook’s new Libra cryptocurrency is a “brilliant” endeavor.
The major Wall Street analysts say Facebook’s Project Libra has a bright future.
As it expands its footprint across the San Francisco Bay Area, Google will put $1B toward housing.