SAN FRANCISCO: The Wall Street Journal reports that Facebook plans a cryptocurrency-based payment system that it could launch for billions of users worldwide.
The system would use a digital coin similar to bitcoin, but different in that Facebook would aim to keep the coin’s value stable. Bitcoin and similar cryptocurrencies have been susceptible to wild fluctuations in value.
It could reportedly undermine credit cards by sidestepping the processing fees that generate much of their revenue.
The Journal report cited unidentified people familiar with the matter. It said Facebook is recruiting dozens of financial firms and online merchants to launch the network. Facebook’s plans may include ways to financially reward users who interact with ads or other features.
Facebook says only that it is exploring many different applications for cryptocurrency technology.
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Facebook considering its own bitcoin for payments
Facebook considering its own bitcoin for payments
US kills Al-Qaeda affiliate leader tied to December attack in Syria, Centcom says
- Bilal Hasan Al-Jasim had “direct ties” to a Daesh gunman who killed and injured US and Syrian personnel
WASHINGTON: US military forces on Friday killed an Al-Qaeda affiliate leader linked to a Daesh attack on Americans in Syria last month, US Central Command said in a statement on Saturday.
Bilal Hasan Al-Jasim had “direct ties” to a Daesh gunman who killed and injured US and Syrian personnel on December 13 in Palmyra, Syria, Central Command said.
“The death of a terrorist operative linked to the deaths of three Americans demonstrates our resolve in pursuing terrorists who attack our forces,” said Admiral Brad Cooper, the head of US Central Command, in a statement.
Since the December 13 attack, US forces have been conducting strikes in Syria, with the US military saying it has hit more than 100 Daesh targets.
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