Heard on the Street: Cryptocurrency was always going to be a hard sell, especially when the seller was Facebook
Cryptocurrency was always going to be a hard sell—especially when the seller was Facebook.
Granted, the social network took great pains to avoid an ownership role. When Facebook formally announced its libra project in June, the plans included a subsidiary called Calibra that would run the venture with help from diverse partners, promising “separation between social and financial data.” That was a requisite move as Facebook has spent the past two years entangled in scandals involving the reams of data it collects on the 2.7...
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