Market Extra: Facebook already faces ‘the first real competitor’ to crypto Libra [MarketWatch]
PayPal Holdings, Inc. (PYPL)
Last paypal holdings, inc. earnings: 1/29 04:15 pm
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Source: MarketWatch
Facebook already faces ‘the first real competitor’ to crypto Libra Facebook has been scrambling to get off the ground a global cryptocurrency payment network, Libra, but challengers are already emerging. The latest competitor is Metal Pay and its MTL Coin , which received fresh money and a formal kickoff on Monday. “Metal Pay is what Libra should’ve been, could’ve been. But we’re the real deal,” Erik Finman, a crypto entrepreneur told MarketWatch in an interview on Friday. “This is the first real competitor to Libra,” Finman claimed. “We’re the anti-Libra,” he said. Finman has said he has invested an undisclosed sum in Metal Pay platform, which is being led by Marshall Hayner, who helped to develop other popular cryptocurrencies including Dogecoin and Stellar. Metal Pay isn’t new, it was launched last year, but Finman and Hayner envision that platform as a sort of Venmo of cryptocurrency, similar to the concept of Facebook’s FB, -1.21% Libra coin, which was kicked off in June as a
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PYPL
Earnings
- 4/30/24 - Beat
PYPL
Sec Filings
- 5/9/24 - Form DEFA14A
- 5/6/24 - Form DEFA14A
- 5/2/24 - Form DEFA14A
- PYPL's page on the SEC website