Mark Zuckerberg Goes To Washington DC

In just a few days, Mark Zuckerberg, CEO of Facebook, will be explaining his digital currency intentions to Congress. Many DigiDame readers know just a little about virtual currency. I thought this would be a great time to “clue-in” the clueless.

I don’t completely understand the concept myself, (Haha) but I can tell you what I know. This is the second time Zuckerberg will be visiting Washington DC. Remember when he was being questioned about the Cambridge Analytica data scandal? That was the first time.

Zuckerberg’s PR people issued a statement about Mark’s visit before the House Financial Services Committee. “Mark looks forward to testifying before the House Financial Services Committee and responding to lawmakers’ questions.”

Facebook’s virtual currency is called Libra. Google it. There are other kinds of digital money, but this one could be very successful because of the loyalty of the social media’s fan base. Libra is a digital currency that can be used for billions of people all over the world. Digital money can be used to transfer to other people. or be used to buy something.

Zuckerberg wants to explain that Libra will be governed by the Libra Association, a Swiss group including 28 members – among them are: Facebook subsidiary Calibra, Uber, PayPal, Mastercard, Visa, Spotify, and many other household names in technology and finance. Our lawmakers are concerned about cyber crime and privacy.

Stay tuned for updates.

1 thought on “Mark Zuckerberg Goes To Washington DC

  1. Okay, I don’t understand the digital currency issue AT ALL. But, while we are on the subject of Mark Zuckerberg, I’d like to know what he is doing about stopping the use of dishonest, and even ‘fake’ news on Facebook. It scares me that people are doing this—I’ve lost trust in his company.

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