BBCNEWS Business Briefing July 14, 2024
Federal reserve, it starts its two day meeting today. Facebook has become part of our lives ourfriends, our photos, and diaries. Now, the tech giant wants to get inside your wallets. Today it is expected to launch its own cryptocurrency. It has been called both libra and globalcoin, and is a 1 billion project that has been in development for a year. It appears to have the endorsement of more than 12 corporations, from uber to paypal, visa and masterca rd, and it is reported facebook will not control the new currency. It will be governed instead by an independent foundation of firms that have e...