Browsing: Facebook

Google and Facebook are in a race to surround Africa with high-capacity subsea broadband infrastructure, with the former announcing that the first phase of its project, which will connect South Africa to Portugal, will be ready for service in 2021.

Among Facebook’s justifications for introducing a new digital currency, libra, the company has offered one pious rationale: to connect the 1.7 billion adults who lack bank accounts to the global financial system.