Facebook owns the rights to a Swiss-based blockchain project called Libra

Facebook is working on a hidden fintech company based in Switzerland, according to Reuters.
The social media giant takes the lead
Supposedly, the project will emphasize blockchain, payments, and data analytics on top of a few other similar ideas. Its name is Libra Networks. Facebook Global Holdings registered it in Geneva on May 2. This news comes to Reuters via the Swiss register.
While they reached out to the social media giant, Facebook did not respond. Libra Networks’ project description reads as a focus on “investing, payments, financing, identity management, analytics, big data,

This post is an exerpt of an original post published on Inside Bitcoins. All copyrights about images and text belong to their respective owners.Click the above button to read the original post.