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Paypal Withdraws from Facebook's Libra Cryptocurrency

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Re: Paypal Withdraws from Facebook's Libra Cryptocurrency

#291

If Facebook attempts to become a money transfer service or bank without the required licensing, they will have their offices raided and their doors locked on them. This is something Governments don't tend to mess around with.

Facebook is licensed as a Money Transmitter under their Facebook Payments entity. Source: https://www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPAN...

Re: Paypal Withdraws from Facebook's Libra Cryptocurrency

#292

Earlier quoted context omitted.

Messenger, WhatsApp and Instagram are all owened bu Facebook. Facebook is already working on merging them into a single app, to be rebranded in the near future. WhatsApp and Instagram have huge popularity outside of North America

I get their desire to integrate Messenger and WhatsApp, but are they really trying to force Instagram into that mix too? I’ve used WhatsApp since before FB acquired them but this is sounding like it’s going to get turned into a clusterfuck of stuff I have no interest in.

They are building a common protocol for messaging to be used interoperably, from what I have read. The apps themselves will likely remain separate from a user perspective, most likely

Re: Paypal Withdraws from Facebook's Libra Cryptocurrency

#293
post #34
post #10

Earlier quoted context omitted.

Muscled out how? VPN’s are global...

Political problems can't be solved with tech. VPN won't help when someone decide to put you in prison for using illegal crypto.

Yet it occurs...globally...

Proxies too. Teenagers install proxy modules on their own phones and APs all the time across the globe. This “illegal crypto” is simple a series of mathematical algorithms.

You cannot truly “ban” math.

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