Libra is one of the most anticipated product in blockchain space as it marks Facebook's entry in cryptocurrency. Libra already have major partners in industry and this project will make cryptocurrency accessible for billions of people in the world.
Facebook wants its cryptocurrency Libra to one day rival the dollarFacebook unveiled plans for a new cryptocurrency that the social-media giant hopes will one day trade on a global scale much like the US dollar. Called Libra, the new currency will launch as soon as next year and be what's known as a stablecoin -- a digital currency that's supported by established government-backed currencies and securities.
Facebook's Libra launch will extend its global dominationCryptocurrency could wipe out many businesses and further concentrate corporate power
How Libra Would Work for YouWe break down the new Facebook-backed cryptocurrency and what the company hopes you will be able to do with it, even though it hasn't quite arrived. Facebook and a consortium of 27 partners on Tuesday unveiled Libra, a new cryptocurrency. Their goal? To create a new global money and the foundation for a fresh universe of financial services.
Facebook unveils Libra cryptocurrency, with lofty goalsFacebook 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.Facebook has created a subsidiary called Calibra, which will offer digital wallets to save, send and spend Libras
Facebook's cryptocurrency will be called Libra, and here's what it wants to doFacebook has confirmed that its cryptocurrency will be called Libra, though the social media network will not be controlling this currency. Facebook is partnering with 27 other organisations across the world to create the non-profit Libra Association and this new currency, which is aimed at improving access to financial services to those who are out of the banking system.
Facebook unveils global digital coin called LibraFacebook has revealed plans for a new global digital currency backed by assets and supported by more than two dozen companies ranging from Visa and Mastercard to Lyft and Spotify, bringing the heft of the world's largest social network to efforts to transform financial services.
Facebook Plans Global Financial System Based on CryptocurrencySAN FRANCISCO - Facebook unveiled an ambitious plan on Tuesday to create an alternative financial system that relies on a cryptocurrency that the company has been secretly working on for more than a year.
Facebook announces Libra cryptocurrency: All you need to knowFacebook has finally revealed the details of its cryptocurrency Libra, which will let you buy things or send money to people with nearly zero fees. You'll pseudonymously buy or cash out your Libra online or at local exchange points like grocery stores, and spend it using interoperable third-p...
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