Facebook Libra Project Already Facing Resistance, Major Hurdles Ahead (CoinCentral)

Facebook has released details of its highly secretive cryptocurrency project. The venture has stirred the crypto community and drawn interest from crypto industry stakeholders due to its market shifting potential.

Facebook Libra Project Already Facing Resistance, Major Hurdles Ahead (CoinCentral)

by Elizabeth Gail

Facebook has released details of its highly secretive cryptocurrency project. The venture has stirred the crypto community and drawn interest from crypto industry stakeholders due to its market shifting potential.

There have been concerns that its Libra platform will be used to gather financial information about its users. Facebook has made an effort to mollify data privacy fears by publishing a communiqué which emphasizes that consumer data will not be shared with third parties.

It highlights a few instances where the company may do this and they include cases where there is a need to “comply with the law, secure customers’ accounts, mitigate risk and prevent criminal activity.”

See full article at CoinCentral

(Featured Image Credit: Libra.org)

 

ABOUT THE AUTHOR

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Elizabeth Gail author

Elizabeth Gail

Elizabeth Gail is crypto-enthusiast and a blogger. Her specialties include cryptocurrency news and analysis. When not writing about crypto, she’s out taking part in humanitarian endeavors across the world. You can reach out and engage with her on Twitter and Google Plus.