Facebook confirms it will launch a cryptocurrency called Libra in 2020 - The Verge
The currency is designed not to be a speculative asset, like Bitcoin, but a form of digital money backed by a reserve of assets. You will one day be able to use Libra as payment for online and offline services, Facebook executives say. At the beginning, the company imagines Libra will be used mainly to transfer money between individuals in developing countries who lack access to traditional banks. Eventually, the goal is to create the first truly mainstream cryptocurrency: a decentralized global form of payment that is as stable as the dollar, can be used to buy almost anything, and can support an entire range of financial products — from banking to loans to credit.
My previous dlike posts :
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- Hottest Crypto Is Up 360% This Year and Its Name Isn’t Bitcoin - Bloomberg
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