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Facebook is recruiting financial firms, online merchants to help launch a cryptocurrency-based payments system. Its secretive plans involve the potential for users to be rewarded for their activity on the platform. https://t.co/uUZBpkjhtA #business
— John Calia (@JohnCalia) May 3, 2019
I think we all knew this was going to happen. When $Bezos coin lol? #AMZN https://t.co/rk331gAMYh
— rallyqt (@rallyqt) May 3, 2019
Facebucks. https://t.co/qiLjLSomzK
— Bruno J. Navarro (@Bruno_J_Navarro) May 3, 2019
Just in time for the 2020 election ! ?♂️
— Farooq Butt (@fmbutt) May 2, 2019
https://t.co/oRBjvqUGqr
WSJ: Facebook $FB set to launch its own cryptocurrency payment system https://t.co/V9UB2h9nTE#hodl pic.twitter.com/OSnkVcWrk5
— Jerry Robinson (FollowtheMoney.com) (@FTMDaily) May 3, 2019
? “Facebook envisions eliminating swipe and other card processing fees that merchants pay on transactions, which are typically around 2% to 3% and are collected by banks, payments processors and networks such as Visa.” https://t.co/HJBgXXmoON
— Marcelo P. Lima (@MarceloPLima) May 3, 2019
WSJ: Facebook Building Cryptocurrency-Based Payments System
— C3|Nik (@C3_Nik) May 3, 2019
From the creators of "we store passwords as plain text" ... ?https://t.co/iXrjY1eL9b#crypto #digitalassets #cryptocurrencies #FinTech pic.twitter.com/sERVPm9EZr
If this report is right, FB Coin will *not* be competing with Bitcoin.
— Nathaniel Whittemore (@nlw) May 3, 2019
It will compete w/:
1. Most: USDC, TrueUSD, etc (regulated stablecoins)
2. A bit: USD (ie. kids load accounts with extra-parent ZuckBucks)
3. A bonus: Google (leverage for ad wars ) https://t.co/E1fXbcvi6x
Driving conversations into more opaque Groups + Crypto. What can go wrong? @wsj: @facebook is recruiting financial firms, online merchants to help launch a cryptocurrency-based payments system https://t.co/MPliiYoUmp
— Raju Narisetti (@raju) May 2, 2019
This is a very good idea. Done right, a stable simple digital currency could wean content creators from an over-reliance on ad revenue and Facebook from depending harvesting and selling user info. https://t.co/rq1Mvkz66l
— Walter Isaacson (@WalterIsaacson) May 3, 2019
Sooooo ... We can't trust #facebook with our sociographic info, but now we're going to trust them with currency?? Huh.#ConglomerateCapitalism
— Jennifer Briggs (@jkbriggs) May 2, 2019
Facebook Building Cryptocurrency-Based Payments System https://t.co/MhUq3CW1xM
If Facebook is indeed aiming to eliminate credit card fees with its new crypto payment network, it raises the question of how it hopes to make money from the thing, especially if it comes alongside the company granting its users privacy and giving up surveillance revenue. https://t.co/2evAlEgYJK
— Nathaniel Popper (@nathanielpopper) May 2, 2019
@facebook + #cryptocurrency + @WSJ = ???
— TCL.Naugs (@CryptoNaugs) May 3, 2019
"Project Libra" a full payment network with potential links to @Mastercard and @Visa.
Stay safe out there.
They go up to go down, they go down to go up.https://t.co/FOOlMaCjGZ
“Seeking total investments of about $1 billion, Facebook has talked to financial institutions including Visa Inc., Mastercard Inc. ... The money would underpin the value of the coin to protect it from the wild price swings seen in bitcoin and others” https://t.co/wZYelki60I
— Quadency (@quadency) May 3, 2019
eCommerce as the "plumbing" of the Internet //
— Andrew Matranga ? (@andrewmatranga) May 2, 2019
Facebook Building Cryptocurrency-Based Payments System https://t.co/GLteHDAJvM
The Western world answer to Alipay & WeChat.
— Eric Dadoun (@EDadoun) May 3, 2019
Great for financial digitisation and great for furthering the need for interoperability. Bring it on! #ProjectLibra #ILP https://t.co/8tidJD8uva
A scene from "Black Mirror":
— Bruno J. Navarro (@Bruno_J_Navarro) May 3, 2019
One idea under discussion is Facebook paying users fractions of a coin when they view ads, interact with other content or shop on its platform — not unlike loyalty points accrued at retailers, some of the people said.$FB https://t.co/qiLjLSomzK
It is estimated that $3B of the present daily on-chain volume represents commercial settlement transactions. The Facebook announcement is the leading edge of a tsunami wave. https://t.co/1n8ImKcMY8
— Peter Brandt (@PeterLBrandt) May 3, 2019
Facebook's crypto-based payment is called project Libra. https://t.co/Y33SDzTFHA Now, where have I heard of a cryptocurrency business named after a zodiac sign before? pic.twitter.com/VuW9JrTrgr
— Margi Murphy (@MargiMurphy) May 2, 2019
WOW ? “The company is considering tying the coin to Facebook's core ads engine, rewarding users for viewing ads and then purchasing goods, similar to how loyalty points rewards work.” https://t.co/zQCpjKpp2Q
— Woody Levin (@Woodrow1616) May 3, 2019
Facebook has long held off making a big push into e-commerce, even though its platform is used for unorganized buying in places like Asia, so its blockchain project focusing on that is interesting: https://t.co/0wSYJ4jA7g
— Jon Russell (@jonrussell) May 3, 2019
When it comes to Facebook's cryptocurrency plans, they may be more ambitious than we thought
— Social Ripe (@SocialRipe) May 3, 2019
⬇️⬇️https://t.co/bP3ZI3BtXT#news #facebook #cryptocurrency #Blockchain #socialmedia #socialripe pic.twitter.com/MJkAsUrqiL
When it comes to Facebook's cryptocurrency plans, they may be more ambitious than we thoughthttps://t.co/HR1L4SDaUK#news #facebook #cryptocurrency #Blockchain #socialmedia #btcbros pic.twitter.com/E2pX5jL3kj
— BTC Bros (@BTCBros) May 3, 2019
Soooo.....if you don’t have a ‘Stable Coin’ in the works very soon...you won’t be invited to all the best parties? ??
— Bobbi ⚡️ (@BobbiMarquez197) May 3, 2019
Why on earth would Facebook go down this path? #XRP Baby!!! ????#xrptherstandard https://t.co/jkzFBjiz4I
Facebook To Launch Crypto #Payments System ‘Project Libra’, Seeking $1Billion Investmenthttps://t.co/srZbaqZLye#CryptoCurrency #Fintech #Finserv #Banking pic.twitter.com/LeZ7LzyefG
— Luxembourg House of Financial Technology (@The_LHoFT) May 3, 2019
#Facebook meets with financial firms like Visa and Mastercard as it seeks investments for its own #cryptocurrency-based #payments: https://t.co/iHAtvfeoyj
— PYMNTS (@pymnts) May 3, 2019
#MarkZuckerberg must have read the blue paper ?
— Kiyoshi (@CryptoKiyoshi) May 3, 2019
Facebook "has been working on the project for more than one year, with it centered around the company’s own digital coin that users could send to each other, as well as use to make online purchases."https://t.co/8NBn84Rsul
With institutions clamoring to get exposure to crypto and sitting on piles of cash coupled with their general lack of knowledge/mistrust of traditional cryptos (Bitcoin et al.), I imagine $FB could fill out a billion dollar round in about 20 minutes.https://t.co/l2frQ1zGtf
— ฿ully (@BullyEsq) May 3, 2019
This is a very good idea. Done right, a stable simple digital currency could wean content creators from an over-reliance on ad revenue and Facebook from depending harvesting and selling user info. https://t.co/rq1Mvkz66l
— Walter Isaacson (@WalterIsaacson) May 3, 2019
It is estimated that $3B of the present daily on-chain volume represents commercial settlement transactions. The Facebook announcement is the leading edge of a tsunami wave. https://t.co/1n8ImKcMY8
— Peter Brandt (@PeterLBrandt) May 3, 2019
#Facebook building #cryptocurrency based payments system. #blockchain #fintech https://t.co/lBErJHW9MW
— XRP 1000bones?XRPZOO (@1000bonesXrp) May 3, 2019
According to the Wall Street Journal, Facebook is seeking investments worth $1 billion for its stablecoin and is talking to Visa and MasterCard about potential support.https://t.co/8cZ3ZvooyUhttps://t.co/Iowj5Mv3CG pic.twitter.com/qRcY4SBIU1
— ICO Drops (@ICODrops) May 3, 2019
This is EXACTLY what I have been calling for... and why I’m long $FB.
— Adam Johnson (@AJInsight) May 2, 2019
Facebook is recruiting financial firms, online merchants to help launch a cryptocurrency-based payments system https://t.co/cDsXhDOKQf
Blockchain: The last refuge of scoundrels.
— David C Lowery (@davidclowery) May 3, 2019
Facebook is recruiting financial firms, online merchants to help launch a cryptocurrency-based payments system https://t.co/Sz5FacZhdU
Dubbed as the Project Libra, the report suggests that #Facebook is already in talks with payment processing giants #Mastercard and #Visa.
— Mia Tam (@_blockandchain_) May 3, 2019
Project #Libra will include a digital currency developed using #blockchain technology.https://t.co/IhqBrQ03cu
Desperate to show it believes in privacy, @facebook will build a crypto currency platform to protect the privacy of drug dealers, tax evaders, and terrorists. 1/3https://t.co/4I5nyAnj0k
— Rep. Brad Sherman (@BradSherman) May 3, 2019
Why? Because it’s easier for foreign adversaries to hide Facebook disinformation ad payments by using FaceCoin than it is by paying with rubles.
— Jen Hansen (@jenhansen31) May 2, 2019
Facebook Building Cryptocurrency-Based Payments System - WSJ https://t.co/SDlpWdHDSv
Facebook is recruiting financial firms, online merchants to help launch a cryptocurrency-based payments system $FB https://t.co/osDpB7sSG9
— Melissa Lee (@MelissaLeeCNBC) May 2, 2019
Meet the new boss, same as the old boss.
— Crypto Bobby (@crypto_bobby) May 2, 2019
“Seeking total investments of about $1 billion, Facebook has talked to financial institutions including Visa Inc., Mastercard Inc. and payment processor First Data Corp.” https://t.co/uRXacMbPp5
Interesting from the WSJ story re FB-Crypto: FB is "working on a digital coin that users of its WhatsApp messaging service could use to transfer money, with a focus on overseas remittances."
— Steve Robinson (@BigSteve207) May 3, 2019
Great! That would make it quite easy to enforce Remittance Tax.https://t.co/ZiaersNVjc
Why #ProjectLibra is not trending in CT? #Facebook #StableCoin #bitcoinhttps://t.co/KIBm3WGzyr
— Jimmy McShill (@JimmyMcShill) May 3, 2019
Facebook understands the power of building a crypto asset with the proper incentives and value.
— Tulips de' Medici (@cryptodemedici) May 3, 2019
Facebook will lead the way in ecosystem architecture that crypto exchanges have been attempting to create.
https://t.co/U5N7hhqdIY
Oh boy now they're going to destroy the economy https://t.co/LPRcTZSW6p
— Nash but with like jet boots and stuff (@Nash076) May 3, 2019
Is there any organization that you would trust less than Facebook to responsibly manage both your money and your private information as part of a payment network.https://t.co/XvXqKYLsXu
— Robert McNees (@mcnees) May 3, 2019
Since they have been -so- responsible with your data, Facebook now wants you to trust them with your money too. No one sees any problems here, right?https://t.co/naQglGEXW8
— Lance R. Vick (@lrvick) May 3, 2019
"Facebook is looking to raise as much as a billion dollars for a new cryptocurrency-based payment network that could compete directly with conventional credit cards" lmao https://t.co/EBIqvlgJdX
— an actual dog ? (@devtesla) May 3, 2019
Report: Facebook looking to disrupt credit cards with cryptocurrency #Facebook #ArsTechnica https://t.co/clyCuhjD68 pic.twitter.com/Oto43TWEUI
— BitcoinAgile (@bitcoinagile) May 3, 2019
Facebook's #Cryptocurrency
— Spiros Margaris (@SpirosMargaris) May 4, 2019
Might Work Like #LoyaltyPoints https://t.co/cLPYvcKYaN #fintech #blockchain @wired @GregoryJBarber #Crypto pic.twitter.com/tO8xSzlU03
”Facebook’s foray into blockchain could look a bit like a loyalty-points system—tokens that can be earned through and spent on Facebook services, or cashed out elsewhere though partner merchants” @wired have you heard of @bunzofficial? It already exists.https://t.co/NOvKph2Gbi
— Sascha Darius M. (@templecrash) May 4, 2019
Facebook understands the power of building a crypto asset with the proper incentives and value.
— Tulips de' Medici (@cryptodemedici) May 3, 2019
Facebook will lead the way in ecosystem architecture that crypto exchanges have been attempting to create.
https://t.co/U5N7hhqdIY
In case you were wondering;
— KrāZé Mike╿₿ ⑇ (@TronMike83) May 4, 2019
-No it WILL NOT be a threat to 'real' #crypto
-No it won't be #Blockchain based
-Yes the FB #coin will be overvalued.
-Yes I am biased when I write #DeleteFacebook because like many, I am ready for Web 4.0 #TRON
-Yes #DYORhttps://t.co/aeKHFUbCfC
Social media giant Facebook is seeking investments worth $1 billion for its rumored cryptocurrency stablecoin, the Wall Street Journal (WSJ) reported on May 3.https://t.co/1DnVWG5KIm
— Jarvis Edge (@Jarvis_Edge) May 3, 2019
???: ???????? ????? ???????? $? ??????? ??? ?? ???? ???? ????? ???? ????, ?????????? Facebook is also talking to e-commerce companieshttps://t.co/Xame1wmQkw
— ANT1 (@ANT159694954) May 3, 2019
More on @Facebook coin and @TimDraper https://t.co/sFTevJ5oD6 #tezos $xtz
— Luiz Milfont (@luizMilfont) May 3, 2019
WSJ: Facebook Seeks Reported $1 Billion for FB Coin Amid Talks With Visa, MasterCard https://t.co/yQu7yHxXS1 via @cointelegraph
— CKJ (@CKJCryptonews) May 3, 2019
Beware anyone offering "their own Bitcoin": the most important characteristic of Bitcoin is that it doesn't belong to anyone.https://t.co/MvK6ThPZuG
— Stephen Cole (@sthenc) May 3, 2019
The shitcoin to end all shitcoins.https://t.co/cwb0C2toZ7 via @usatoday
— Saifedean Ammous (@saifedean) May 3, 2019
Facebook's system would use a digital coin like bitcoin but would aim to keep the coin's value stable, averting crypto's wild fluctuations. https://t.co/1wiKSxheRy
— USA TODAY Money (@USATODAYmoney) May 4, 2019
JUST IN! Project Libra: Facebook to launch stablecoin-based payments networkhttps://t.co/e4ayx5SZR4
— Frank Chaparro (@fintechfrank) May 2, 2019
Looks like 2019 is going to be year of stablecoins. Bring it on! Companies with "direct to consumer"plans and ambition will benefit a lot! https://t.co/u0fRxWtSHp
— Gowthaman (@GowthamanR) May 4, 2019
If this report is right, FB Coin will *not* be competing with Bitcoin.
— Nathaniel Whittemore (@nlw) May 3, 2019
It will compete w/:
1. Most: USDC, TrueUSD, etc (regulated stablecoins)
2. A bit: USD (ie. kids load accounts with extra-parent ZuckBucks)
3. A bonus: Google (leverage for ad wars ) https://t.co/E1fXbcvi6x
"Project Libra: Facebook to launch stablecoin-based payments network" https://t.co/1Y2bZHnSK6
— The Block (@TheBlock__) May 3, 2019
News: @Facebook is considering making their coin a reward for viewing ads... this is exactly what @bunzofficial is already doing! I assume they will copy us like they did @Snapchat BUT we have a surprise we prepared for them...https://t.co/gjGpv7v0dJ
— Sascha Darius M. (@templecrash) May 3, 2019
“The company is considering tying the coin to Facebook's core ads engine, rewarding users for viewing ads and then purchasing goods, similar to how loyalty points rewards work.” https://t.co/HeeHoJMe2b
— Alexia Bonatsos (@alexia) May 3, 2019
Project Libra: Facebook to launch stablecoin-based payments network
— ???? ??? (@BankXRP) May 3, 2019
MAY 2, 2019 https://t.co/mYhdNa5r5k
Is this really considered journalism @TheBlock__? You basically took the press release for @facebook and their terrifying #blockchain, and DID NOT QUESTION it at all. Just summarized their PR. https://t.co/rNuQl2661Z
— Skylar Hurwitz (@CryptoDemetrius) May 3, 2019
Here's a critical lens to the issue: https://t.co/DBOGM4rv93
It's called "project Libra" cuz Zuck & FB think it'll free them from regulatory scrutiny & bad press - keep theit monopolistic most of identity data, glimpse into users' payment trace, & pay advertisers whole saying "see, we're decentralized. No monopoly" https://t.co/lJpi2YFZ1b
— Maya Zehavi (@mayazi) May 3, 2019
There was a day when stablecoins seemed an interesting application. https://t.co/PlAew2aK5f
— Cris Carrascosa ⚡️ (@CarrascosaCris_) May 3, 2019
Is that what you call a "Kodak moment 2.0"? https://t.co/aq2Cgcvgc8
— Francis Pouliot ? (@francispouliot_) May 3, 2019
FacebookのステーブルコインのプロジェクトがThe Wall Street Journalのレポートで少し明らかになった。普通に法定通貨担保型。単なる送金ではなく通貨として機能させたい感じ。
— Coffee (@CoffeeTimesTW) May 3, 2019
社内コードネームは "Project Libra"
広告システムと関連付けるかは検討中。https://t.co/EqcBMz7FT0
Facebook의 암호화폐 계획은 우리가 생각한 것보다 야심찬 것일 수 있습니다. https://t.co/NCQw449bCf
— editoy (@editoy) May 4, 2019
Facebook’s cryptocurrency/ payment network plans may be more ambitious than thought, being exchanged outside FB and used as a form of digital identity.
— Ross Dawson (@rossdawson) May 3, 2019
It needs major financial players onboard, but this could (at long last) herald big changes in payments.https://t.co/CIT4TC5I2B
No no no no no no no
— Tim Pool (@Timcast) May 4, 2019
Imagine Facebook trying to privatize transactions.https://t.co/5T48LdlT6G
Facebook is recruiting financial firms, online merchants to help launch a cryptocurrency-based payments system https://t.co/Y2Nj2J0MeH
— Bojan Tunguz (@tunguz) May 3, 2019
Zuck logic - paying users fraction/loyalty points for interacting with ads will encourage genuine connections. https://t.co/DzoWvqkZfz
— Maya Zehavi (@mayazi) May 3, 2019
$TTCM is a social network with cryptocurrency components already built-in. Facebook is recruiting financial firms, online merchants to help launch a cryptocurrency-based payments system https://t.co/M2Ijh5HHTZ via @WSJ
— John C Grant (@JCG917) May 4, 2019
#ProjectLibra has a pretty strong headstart if it's implemented across #Facebook #Instagram & #WhatsApp; will #payments incumbents really cooperate? Will they scrutinize users' spending habits? (And will they ever unban other #crypto ads on their site?) ?https://t.co/PaWhCbFcPp
— Carylyne Chan (@carylyne) May 3, 2019
Facebook is recruiting financial firms, online merchants to help launch a cryptocurrency-based payments system https://t.co/mpwxq0eGih
— Richard Vincent (@rkvincent) May 4, 2019
Just another reason to #DeleteFB
— ?Justice is Served (@pleasesaveour) May 4, 2019
Facebook Inc. is recruiting dozens of financial firms and online merchants to help launch a cryptocurrency-based payments system on the back of its gigantic social network.https://t.co/3pFAcWlSek
I've been saying for years that crypto will captured by state & corporations because this community is not able to organize itself effectively with a political motive, instead kowtowing to regulators & power https://t.co/P9vPlbe6kN
— Amir Taaki (@Narodism) May 4, 2019
Check out. WSJ: Facebook Seeks Reported $1 Billion for FB Coin Amid Talks With Visa, MasterCard https://t.co/bNQgKWXSiu via @cointelegraph #tech #digital #data #business
— Kohei Kurihara Blockchain CMO (@kuriharan) May 4, 2019
The dollar continues to march to its death. The dollar is slowly dwindling into a sea of incompatible, fragmented, disparate money substitutes.
— Melik Manukyan ?⚡️? (@melikmanukyan) May 4, 2019
While fiat fragments & disintegrates, Bitcoin continues to build a vast, open, interconnected computer network.https://t.co/VhYVuuZi7H
“In discussions with Visa and MasterCard”
— Dave "The Only Way is Wessex" Birch (@dgwbirch) May 3, 2019
...
“ in order to eliminate credit card fees”#DoesNotCompute https://t.co/9xJiCXrQOx