Maximise your Metaverse potential, giving you daily rewards and a passive income of 0.5% daily I'm going in!

Facebook Tries to Save Libra's Reputation

3 min reading
Facebook Tries to Save Libra's Reputation

There is still a lot of controversy and doubt when it comes to Libra, so Facebook is looking for various methods which will save its reputation.


Facebook decided to hire Susan Zook, a former adviser to the head of the Senate banking committee, to lobby for Facebook's cryptocurrency. According to the authorities of the portal, she is supposed to positively impress the Washington circles. In an interview with Politico Zook said that her goal is to convince the Republicans in the Senate to change their minds about Libra. Suddenly, a week ago another debate on Libra and other cryptocurrencies took place in the Senate. The commission interrogated, among others, David Marcus, the head of the project, who answered questions about the fight against money laundering and caring for the protection of personal data - or, in general, privacy. As reported by Politico, Facebook has already spent nearly $7.5 million on lobbying activities in 2019. Not only internal lobbyists but also external companies were hired for this purpose. Everyone was supposed to take care of the campaign convincing people that Libra is a valuable project.

The fight is ongoing

Libra is the apple of Mark Zuckerberg's eye. He will not give up on his plans to bring it to the market, although more and more companies and politicians are negative when it comes to the project. On July 24, during a quarterly debate on the financial performance of Facebook, Zuckerberg assured investors that the company treats the project very responsibly:
We’re committed to working with policymakers to get this right. We’ve opened a period of, however long it takes to address regulators and different experts and constituents’ questions about this and then figure out what the best way to move forward is.
Zuckerberg emphasizes that he expected legal doubts and was prepared for that. Moreover, he realizes that Facebook will have to enter the financial sector, which is sanctioned by law.
Currency Exchange rate Buy cryptocurrency

Maximise your Metaverse potential,
giving you daily rewards and a passive income of 0.5% daily

Dear customer,

We use cookies to provide our services correctly and safely. Cookies are small text-based data sets that shall be saved on the device you are using in connection with the use of this instnat website. Cookies are created in order to ensure proper functioning of thes instant website. By clicking the button "I accept and go to the website", you implicitly agree to creation of the cookies on your computer and to deploy automatic tracking and data collection and processing on behalf of the Ommyo.Net ( Click the above-captioned button is also tantamount to accepting website's privacy policy. Closing the notification by means of "X" is unequivocally connected with your consent. If you do not agree to any of the above, please discontinue using our Website.

“Cookies” shall make an identification of the software used by you and to customization of this instant website to your needs. Cookies contain the name of the domain from which they origin, duration of period of their storage on your computer and an assigned value.

Third party cookies:
We also use third-party cookies for the following purposes:

  • creating statistics - helping to understand the way Users use the Website, which allows to improve its structure and content with use of the analytical tools
  • defining a user profile - in order to display custom-tailored content in advertising networks.

External entities that might be source of any third-party cookies on this instant Website are as follows:

Using a settings of your web browser or by using pre-set configuration tools available in our service you can independently and at any time change the settings concerning your use of the “cookies”, specifying the conditionsof their storage and how your device is creating and downloading them. These settings can be changed to block the automatic handling of cookies in the settings of your web browser or inform about their placement on your device each time.

Detailed information about the options related to use of “cookies” is available in the settings of your software (web browser).

Service privacy policy

This instant document lays out the principles of the Privacy Policy on the website (hereinafter referred to as the "Website" or "Service"). The administrator of the Website is Ommyo.Net c/o Fintech Labs Global Solutions, Unit 303, Ile Du Port, Mahe, Seychelles

The full document to read the ommyo privacy policy is available in this document.

Advanced settings can be changed in your browser.