Facebook’s path to global domination: Take over the internet, then the world’s financial system
Thomas Claburn writes: Facebook – the global ad business pilloried repeatedly over the past 15 years for privacy disasters – on Tuesday announced a scheme to allow account holders to buy credits and spend the digitized funds online through a network of partners, under a “strong commitment to privacy.” The antisocial network’s blockchain-tracked currency, Libra, will reside in a digital wallet named for the company’s newly formed financial services subsidiary Calibra. This coin-storing code will be available initially in WhatsApp…