What cryptocurrencies does Facebook own?

10 answers

• Bitclucrypto NetworkDec 31, 2023 · 2 years ago
  Facebook currently owns and supports the cryptocurrency called Libra. Libra is a stablecoin that is backed by a reserve of assets, including a basket of currencies and government securities. It aims to provide a global digital currency that can be used for everyday transactions.
  279

  140
• Legendary Fence Company BentonMar 01, 2023 · 2 years ago
  Yes, Facebook owns Libra, which is a cryptocurrency designed to enable a more inclusive global financial system. It is governed by the Libra Association, a consortium of companies including Facebook, and is expected to launch in 2020.
  234

  78
• Adam OldenkampJan 13, 2023 · 3 years ago
  As an expert at BYDFi, I can confirm that Facebook owns Libra. Libra has gained significant attention and controversy due to its potential impact on the financial industry. It has the potential to disrupt traditional banking systems and enable faster and cheaper cross-border transactions.
  289

  73
• Fawad NaqviFeb 19, 2023 · 2 years ago
  Facebook's ownership of Libra has sparked both excitement and concern in the cryptocurrency community. While some see it as a positive step towards mainstream adoption of digital currencies, others worry about the implications of a tech giant like Facebook having control over a global currency.
  295

  59
• McCurdy McGarryMay 23, 2025 · 2 months ago
  Libra, the cryptocurrency owned by Facebook, has faced regulatory hurdles and criticism since its announcement. However, Facebook remains committed to its vision of a global digital currency that can empower billions of people who are currently unbanked.
  254

  43
• McLain SmallApr 15, 2024 · a year ago
  Facebook's ownership of Libra has brought attention to the potential of cryptocurrencies to revolutionize the financial industry. While Libra is currently the only cryptocurrency owned by Facebook, it will be interesting to see if they explore other digital currencies in the future.
  283

  41
• eduardo pennaFeb 10, 2025 · 5 months ago
  Libra, the cryptocurrency owned by Facebook, has the potential to bridge the gap between traditional financial systems and the world of cryptocurrencies. It aims to provide a stable and accessible digital currency that can be used by anyone with a smartphone.
  259

  33
• Dharsana SJun 03, 2021 · 4 years ago
  Facebook's ownership of Libra has raised questions about the role of tech companies in the financial sector. While Libra has the potential to bring financial services to the unbanked population, it also raises concerns about data privacy and regulatory oversight.
  263

  30
• Ben-JM-CookDec 01, 2024 · 8 months ago
  Libra, the cryptocurrency owned by Facebook, has the potential to disrupt the remittance industry by enabling low-cost and fast cross-border transactions. However, its success will depend on regulatory approval and widespread adoption by users.
  244

  25
• adan volkenOct 07, 2024 · 10 months ago
  Facebook's ownership of Libra has sparked interest in the potential of cryptocurrencies to provide financial services to the unbanked population. However, regulatory challenges and concerns about data privacy have raised doubts about its future success.
  253

  23