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Capitalism: Facebook wants to revive crypto scam with Libra
  • Libra Association founding members: Mastercard, PayPal, PayU, Stripe, Visa, Booking Holdings, eBay, Facebook/Calibra, Farfetch, Lyft, Mercado Pago, Spotify AB, Uber Technologies, Inc., Iliad, Vodafone Group, Anchorage, Bison Trails, Coinbase, Inc., Xapo Holdings Limited, Andreessen Horowitz, Breakthrough Initiatives, Ribbit Capital, Thrive Capital, Union Square Ventures, Creative Destruction Lab, Kiva, Mercy Corps, Women's World Banking.

    All the nice guys in one place to scam you.

    The association formed to "manage and evolve" Libra, which aims to be a new global currency built on blockchain (Libra Blockchain) and backed by a reserve of assets (Libra Reserve). Libra won't be limited to Facebook, and when it's up and running, the association hopes it will "empower billions" by giving people access to financial services without necessarily requiring a bank account.

    The company plans to launch its own Calibra wallet in Messenger, WhatsApp and a standalone app in 2020.

    All this guys want only one thing - steal your money, make transactions outside legal field, make it only option for certain goods and services, be able to fully confiscate your wallets under any pretense (look at paypal practices!)

  • 4 Replies sorted by
  • Interesting the combo of some big companies with some (to me) unknown ones.

  • @DrDave

    Biggest fun is that it has almost no relation to any crypto currency except marketing things.

    It is just similar to paypal system, but using crypto naming to become even less regulated.