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MARK OF THE BEAST? Facebook Developing Cashless Payment System

According to the Wall Street Journal, Facebook is developing a cashless payment system with the help of several financial firms, including Mastercard. Code-named Project Libra, the system will “reward” users for their activity on the platform, just like the Chinese social credit system. The WSJ reports: “The effort, should it succeed, threatens to upend the traditional, lucrative plumbing of e-commerce and would likely be the most mainstream application yet of cryptocurrency.” As Facebook continues to gain favor with the Chinese government, the cashless system will likely be modeled after the Chinese social credit system that tracks citizens purchases… (READ MORE)


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