Facebook's Secretive Cryptocurrency Payment System Is Apparently Code-Named 'Project Libra'
By Catie Keck Facebookcoin, or whatever we’re calling it, is reportedly getting even closer to becoming a reality. Following previous reports that such an project was underway, the Wall Street Journal , citing sources familiar with the matter, reported Thursday that Facebook has been in talks with “dozens” of financial groups about its super-secret cryptocurrency initiative, which is apparently code-named “Project Libra.” Take from that information whatever you wish. According to the Journal, Facebook sees the project as a way to further integrate itself into the lives of its users—no surprise there—by developing a coin that can be used on Facebook and across the internet as easily as users use their Facebook credentials as login information for other websites and services. Unsurprisingly, because this is Facebook, the company is also reportedly looking at ways to link the project to ads: One idea being considered is that users could click ads to buy a pr...