Each company that is backing the Facebook cryptocurrency is expected to invest $10 million in a fund that is going to be used for the Libra project.
Facebook has already started hiring for its cryptocurrency-based payments on its platform that has 2.38 billion users.
Hence, stay tuned until then for all the information you need about Facebook cryptocurrency.
The social media giant reportedly wants to give the "1.7 billion adults globally" who now don't have "access to a traditional bank" and are "outside of the financial system" an opportunity. Facebook believes that its collaborative, compliant and regulated approach will help it overcome hurdles faced by other cryptocurrencies.
In the post, Facebook criticizes existing blockchains, which it claims have yet to reach mainstream adoption, making them poor solutions as a store of value and medium of exchange.
According to Facebook's head of financial services & payment partnerships for Northern Europe Laura McCraken, the Libra won't be pegged to the value of the USA dollar, but that of various currencies to prevent price fluctuations.
Facebook has found massive backers for its new cryptocurrency, Libra, which is scheduled to be launched in 2020.
He added that if Mexico did not address the issue to his satisfaction, he would make it implement a safe third country agreement. The day after President Trump announced that Tom Homan , the former acting director of U.S.
It was not clear Thursday night if Ferreira-Cruz had an attorney representing him in the New Jersey case. The mugshots of the 2018 shooter and Rivas-Clase have plenty of similarities , including the same name.
If they decide they want to add or subtract or edit anything about their order, they have up to one hour before delivery to do so. More recently, Amazon announced that it will make that service even faster and offer a one-day delivery service as the standard.
She has been launched on bail and is living in a multimillion-buck Vancouver home in reach of her extradition listening to. She was arrested December 1 at the request of USA authorities who want her to face fraud charges in the U.S.
Episode viewers may be bombarded with bits and pieces of the video, but this is the first chance to hear the song in its entirety. Check out the song below - all new episodes of Black Mirror are now streaming!
There was a lot of storytelling and messages about the importance of dads going around at the symposium. Father's Day is just around the corner, and a new study has uncovered what dads REALLY WANT this year.
The matriarch revealed, "In front of everyone at the office , she's like don't ever park in my parking space again. " She understands that it's still all very sensitive and hurtful for Khloe ", the source further explained.
Thursday, June 13 marked the 25th anniversary of the murders of his ex-wife, Nicole Brown Simpson , and her friend, Ron Goldman . As you can imagine, the responses to his decision to enter the Twitter world were something else.
A dominant all-round performance from Joe Root delivered England a resounding victory over the West Indies at the Hampshire Bowl. Earlier, England contained the West Indies well but at a cost, with Roy and captain Eoin Morgan limping off the pitch.
The victor will become the new prime minister automatically, though Queen Elizabeth still has to approve the choice. Health minister Matt Hancock quit the contest on Friday, leaving Johnson with five rivals.
Dead in SoCal Costco Shooting; Suspect In Custody
Nikki Tate, a shopper inside the store, said she crawled over to her daughter and they hid together. Police have not given a motive for the shooting or said if the suspect and victim knew each other.
Coutinho leads Brazil to opening win in Copa America
Brazil was wearing a white jersey in honour of the 100th anniversary of the team's first South American title in 1919. If Qatar wins on its debut this season, it will be the first country to ever hold continental titles simultaneously.