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FACEBOOK INC

(FB)
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Facebook : Mastercard builds platform to pilot central bank digital currencies

09/09/2020 | 12:54pm EDT
Illustration photo of a Mastercard logo on a credit card

Mastercard is creating a platform to help central banks "virtually" test how digital currencies could be developed and used, the payments company said on Wednesday.

Facebook's Libra multi-currency backed stablecoin proposal prompted central banks to look at whether they could launch digital versions of their currencies.

"This new platform supports central banks as they make decisions now and in the future about the path forward for local and regional economies," said Raj Dhamodharan, executive vice president for digital asset and blockchain products at Mastercard said in a statement.

The platform enables the simulation of issuance, distribution and exchange of central bank digital currencies between banks, financial service providers and consumers, Mastercard said.

Controlled regulatory environments are already being used by start-ups to test new payments services from fintech companies.

Central banks are still in the early stages of looking at potential digital currencies, with the Bank of England calling last week for global rules to be put in place before stablecoins are launched.

(Reporting by Huw Jones; editing by Jason Neely)


© Reuters 2020
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Financials (USD)
Sales 2021 115 B - -
Net income 2021 37 701 M - -
Net cash 2021 84 017 M - -
P/E ratio 2021 25,4x
Yield 2021 -
Capitalization 939 B 939 B -
EV / Sales 2021 7,41x
EV / Sales 2022 6,02x
Nbr of Employees 60 654
Free-Float 83,9%
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Mean consensus BUY
Number of Analysts 53
Average target price 384,54 $
Last Close Price 331,08 $
Spread / Highest target 38,9%
Spread / Average Target 16,1%
Spread / Lowest Target -32,0%
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Managers and Directors
NameTitle
Mark Elliot Zuckerberg Chairman & Chief Executive Officer
David M. Wehner Chief Financial Officer
Michael Todd Schroepfer Chief Technology Officer
Atish Banerjea Chief Information Officer
Sheryl Kara Sandberg Chief Operating Officer & Director
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