Virtual Facebook currency faces real-world resistance


  • TECH
  • Friday, 21 Jun 2019

FILE PHOTO: A 3-D printed Facebook logo is seen on U.S. dollar banknotes in this illustration picture, June 18, 2019. REUTERS/Dado Ruvic/Illustration/File Photo

LONDON: If Facebook’s new cryptocurrency should resonate anywhere it should be India, where the social media giant has more than 300 million followers.

Many Indians are shut out of banking and face punitive fees for simple transactions, like transferring money to their loved ones.

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