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.
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Facebook’s libra cryptocurrency has taken a lot of criticism from Western government officials and media commentators – but it’s not meant for them.
Facebook’s plan for a new cryptocurrency has the potential to change entire industries. A more likely outcome is that the technology transforms the social media giant’s own business.
Facebook was hours away from the formal announcement of its ambitious foray into financial services, but French finance minister Bruno Le Maire was already broadcasting his discontent.
WhatsApp is to take legal action against anyone it determines is linked to abusing the messaging app’s terms of service around spam messages, the company has said.
Facebook has suspended Huawei’s ability to pre-install the social network’s apps on its smartphones.
Tech giants, including Apple, Google and WhatsApp, have urged the UK’s GCHQ to abandon a proposal that would allow it to eavesdrop on encrypted chat conversations.
In the podcast this week, Duncan McLeod and Regardt van der Berg discuss MTN’s decision to back down, under consumer pressure, over its plan to introduce an opt-out-only out-of-bundle service.
In this episode of the podcast, Duncan McLeod interviews Paul Ducklin from British security company Sophos about the news that WhatsApp has been targeted by an advanced “cyber actor”.
The discovery that hackers could snoop on WhatsApp should alert users of supposedly secure messaging apps to an uncomfortable truth.