Facebook unveils global cryptocurrency | Fin24
 
In partnership with
  • Deloitte

    The accounting firm has denied allegations of corruption related to Eskom contracts.

  • SAA Uncertainty

    What you need to know if you have a ticket or intend to buy one.

  • Michael Jordaan

    Forget Matric results - here's how to prepare your kids for jobs that don't yet exist.

Loading...

Facebook unveils global cryptocurrency

Jun 18 2019 15:14

Facebook announced on Tuesday it is launching its own cryptocurrency called "Libra," in a move aimed at creating a low-cost global payment system available through smart devices.

Libra, described as "a new global currency" and set to roll out next year, is being backed by about 25 partners, including nonprofits and firms in financial services and online commerce.

The new currency is to be supported by real assets and regulated.

It will be available through Facebook's own digital wallet called Calibra and other services, according to Tuesday's announcement.

facebook  |  ict  |  companies
NEXT ON FIN24X

 
 
 
 

Company Snapshot

Voting Booth

How concerned are you about ransomware attacks?

Previous results · Suggest a vote

Loading...