Libra cryptocurrency would enable fans "to pay artists directly," according to Spotify CEO Daniel Ek. Earlier this week, Spotify became a founding partner in the Facebook led Libra global cryptocurrency initiative. A primary goal of Libra is to bring digital transactions to the hundreds of millions who do not have…
Category archives: Libra
Facebook Explains $1B Libra Cryptocurrency Initiative
Facebook has unveiled the details for Libra, its new global cryptocurrency. The social network is launching the currency, similar to Bitcoin, with partners like Spotify, Paypal, Uber, Visa and Mastercard, among others. However, since Facebook is currently under federal scrutiny for its privacy practices and the subject of a new…
Spotify Officially Signs On to Support Facebook’s New Cryptocurrency — the Libra
According to a leaked report from the Wall Street Journal last week, Spotify had signed on to support Facebook’s cryptocurrency project. Over two dozen other companies were rumored to be supporting the cryptocurrency, dubbed the ‘Libra.’ Each company …
Spotify Invests $10M In Facebook’s Libra Cryptocurrency
Spotify has officially joined Facebook’s new Libra global cryptocurrency initiative. Spotify stands out as the only music or media company among 28 A-list players ranging from Visa to Uber to Andreessen Horowitz that each invested $10 million. Here’s of Techcrunch describes Libra: "Facebook wants to make Libra the evolution of…