Facebook has finally unveiled its long-awaited cryptocurrency. The social media giant has announced that it will launch the new Libra cryptocurrency as part of its blockchain-powered Calibra digital wallet targeting Messenger and WhatsApp in 2020. Facebook says it will be able to send Libra to "almost everyone who have a smartphone" quickly and easily, at great cost. A cafe in public transport.
Facebook Libra
Rumors about a Facebook cryptocurrency have been swirling for some time and the company has finally revealed more details in a blog post today. Facebook claims Calibra can help those in developing countries where even the most basic financial services are out of reach, though exact details are rare, according to a recent study that says nearly half the world's countries don't have an account. active bank. "This is the challenge we hope to meet with Calibra, a new digital wallet you can use to store, send and spend Libra," the company said. Facebook indicates that Calibra will use fraud and auditing processes similar to those currently used by banks and credit card providers, including automated systems that will monitor their usage to report potentially fraudulent behavior. If you lose your phone or forget your password, Calibra will also offer dedicated live support. Facebook also promises refunds if your account is compromised. Basically, the company states that Calibra will operate as a completely separate affiliate of Facebook and will not share account information or financial data with Facebook or any third party without the prior consent of the user. There is still no concrete information on the exact launch date, but Facebook promises to reveal more soon.