Facebook reveals Libra cryptocurrency, with lofty goals

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Facebook reveals Libra cryptocurrency, with...
 © In-Cyprus 2020
Facebook Inc revealed plans on Tuesday to launch a cryptocurrency called Libra, the latest development in its effort to expand beyond social networking and move into e-commerce and global payments.

Facebook has linked with 28 partners in a Geneva-based entity called the Libra Association, which will govern its new digital coin set to launch in the first half of 2020, according to marketing materials and interviews with executives.

Facebook has also created a subsidiary called Calibra, which will offer digital wallets to save, send and spend Libras. Calibra will be connected to Facebook’s...


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This article was automatically added to our system 18-6-2019

Facebook reveals Libra cryptocurrency, with lofty goals


The contents of this article including any associated images are © In-Cyprus 2020
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Article Tags: facebook, reveals, libra, cryptocurrency, lofty, goals,