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Fri. 05/03 - Facebook Coin Is Coming For Credit Cards

May 3, 2019
Facebook is gearing up to launch its cryptocurrency, aiming to disrupt traditional payment systems and credit cards. Microsoft unveils its new Azure Blockchain Service to help businesses harness blockchain technology. Verizon is considering selling off Tumblr, sparking questions about the future of online media. Meanwhile, SoftBank is eyeing an IPO for its massive Vision Fund. Plus, fan backlash prompts a redesign of Sonic the Hedgehog in an upcoming film, showcasing the power of audience feedback in the digital age.
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INSIGHT

Facebook's Cryptocurrency Disruption

  • Facebook aims to disrupt credit cards with its stablecoin cryptocurrency, challenging Visa and Mastercard.
  • This ambitious move seeks to eliminate merchant fees and reward users for viewing ads and making purchases.
INSIGHT

Microsoft's Enterprise Blockchain Solution

  • Microsoft launched Azure Blockchain Service, a managed service for building blockchain applications.
  • This service supports JP Morgan's Quorum, an Ethereum-based protocol enabling confidential transactions.
ANECDOTE

Tumblr's Uncertain Future

  • Verizon seeks a buyer for Tumblr, which Yahoo bought for $1.1 billion in 2013.
  • Verizon's struggles to monetize media properties raise questions about Tumblr's future.
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