Facebook Launches Fintech and Blockchain Firm in Switzerland

[Vladdirescu87]

The biggest social network company Facebook has registered a new firm dealing with blockchain and payments in Geneva, according to popular news outlet Reuters. The Swiss fintech company is reported to be focused on data analytics and investments in particular.

On May 2, Libra Networks was officially registered in Geneva, with Facebook Global Holdings as its owner. The newly-created firm aims at providing financial services and developing related hardware and software. The fintech move obviously shows Facebook’s determination to become a leader on the blockchain and payments market as well.

https://coinidol.com/facebook-launches-firm/

[Fabienne_ayy]

The biggest social network company Facebook has registered a new firm dealing with blockchain and payments in Geneva, according to popular news outlet Reuters. The Swiss fintech company is reported to be focused on data analytics and investments in particular.

On May 2, Libra Networks was officially registered in Geneva, with Facebook Global Holdings as its owner. The newly-created firm aims at providing financial services and developing related hardware and software. The fintech move obviously shows Facebook’s determination to become a leader on the blockchain and payments market as well.

https://coinidol.com/facebook-launches-firm/

https://coinidol.com/upload/resize_cache/iblock/ad8/900_900_1/ad892dcecf0ded785ecd5af81619b5b2.png

This means we're going to see FB's coin very soon, a bit curious on what we're gonna get lately

[Gemliting]

damn, this will be great
maybe another big company like Microsoft and Google will be doing the same thing soon

[tsaroz]

This also shows Facebook is moving away from US and avoiding the so called close allies of it.
US has been acting hypocritically and against anything related to privacy, decentralization and open market.
This would indeed be a positive move for Facebook as well as whole of the crypto sphere.
I hope Facebook's coin too would one day be openly tradable in exchanges along with other cryptos.

[Altcoinboss]

damn, this will be great
maybe another big company like Microsoft and Google will be doing the same thing soon

I think Microsoft already into Blockchain technology. They started implementing the use of Blockchain technology late 2018/early 2019.
We might just be waiting for the big game changer "Google" to do the same.

[bolshojkush]

damn, this will be great
maybe another big company like Microsoft and Google will be doing the same thing soon

I think Microsoft already into Blockchain technology. They started implementing the use of Blockchain technology late 2018/early 2019.
We might just be waiting for the big game changer "Google" to do the same.

I think it's easier for any of these giants to buy a ready-made project with a team and just remake it for their needs.

[Docbee]

Facebook don't want to be left behind as regard blockchain technology, Microsoft has made it's mark as regard blockchain technology, facebook could make their own mark soon with introduction of facebook coin.

[redsun114]

damn, this will be great
maybe another big company like Microsoft and Google will be doing the same thing soon

Facebook is also accepting the challenges to support new innovators in AI and Blockchain tech and now this is super blast news for the Blockchain technology is expanding in Switzerland now. We can see the growing crypto assets around the world and the interest is catching more fire with great intensity right now. We should really get the benefits by investing our money in this market as it is treasure onwards.