Naspers subsidiary PayU is among the founding members of the Libra Association, a group of companies that will have an equal say in how Facebook’s new cryptocurrency is managed.
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Facebook is to launch a cryptocurrency next year – backed by the likes of Mastercard, Visa and PayPal – which will allow people to move money from their smartphones.
Facebook has announced its own form of cryptocurrency called Libra alongside a digital wallet named Calibra, which will allow users to pay for everyday items directly using their smartphone.
Apple boss Tim Cook has taken aim at “chaos factory” technology giants for failing to take responsibility for data breaches and privacy violations.
Regulators will be watching closely when Facebook unveils its cryptocurrency project this week. Their vigilance is warranted.
Bitcoin climbed past $9 000, to its highest since May 2018, as reports that Facebook is due to unveil a digital currency added to optimism.
Facebook has launched a new app that will pay users to allow the social network to collect data on how people use their device and the apps downloaded to it.
Facebook uncovered e-mails that seem to show CEO Mark Zuckerberg was aware of potentially problematic privacy practices at the company, the Wall Street Journal reported.
The fading facades of century-old buildings in a neighbourhood of the Nigerian megacity of Lagos house a vibrant technology cluster that’s caught the eye of Facebook and Google.
Mega-cap technology and Internet stocks rallied on Monday, extending a recent advance as concerns eased over global trade tensions.