Daily Crunch: Facebook and Libra go to Washington

TechCrunch | 7/16/2019 | Staff
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David Marcus, the head of Facebook’s blockchain subsidiary Calibra, testified before the Senate Banking Committee today. He said Calibra will be interoperable, so users can send money back and forth with other wallets, and he committed to data portability, so users can switch entirely to a competitor.

Time - Marcus - Facebook - Wallet - Messaging

At the same time, Marcus said Facebook will embed only its own wallet into its messaging apps Messenger and WhatsApp, which could give the company a sizable advantage.

The company has been testing a new version of its desktop website since the beginning of the year, and yesterday, the final product started rolling out to the public.

Sources - Knowledge - Deal - Acquisition

Multiple sources with knowledge of the deal said that the acquisition...
(Excerpt) Read more at: TechCrunch
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