Facebook’s cryptocurrency libra is used for fraud – even before it is released
Now comes another setback for Facebook. About a dozen scam sites and ads claiming to sell the not yet released cryptocurrency have appeared on the social network.
The economist Eswar Prassad, who works at the American top university Cornell, believes that this looks bad for Facebook.
“There is a deep irony that Facebook is the platform used for something that Facebook is trying to build trust for”, he says to the Washington Post.
Facebook has removed the ads and pages after the Washington Post contacted them prior to publishing their article on the problem about libra scams.
The post Facebook’s cryptocurrency libra is used for fraud – even before it is released appeared first on Trijo News.