Facebook Launches Fintech and Blockchain Firm in Switzerland

[Goodcat49]

The biggest social network company Facebook has registered a new firm dealing with blockchain and payments in Geneva, according to popular news outlet Reuters. The Swiss fintech company is reported to be focused on data analytics and investments in particular.

On May 2, Libra Networks was officially registered in Geneva, with Facebook Global Holdings as its owner. The newly-created firm aims at providing financial services and developing related hardware and software. The fintech move obviously shows Facebook’s determination to become a leader on the blockchain and payments market as well.

https://coinidol.com/facebook-launches-firm/