Facebook has announced its plan to bring mobile payments to the masses, unveiling a new digital wallet that can be used to store cryptocurrency dubbed Libra.that its digital wallet will be available in Messenger, WhatsApp and as a standalone app. The service, which runs on blockchain technology, is expected to launch for consumers in 2020.
"And, in time, we hope to offer additional services for people and businesses, like paying bills with the push of a button, buying a cup of coffee with the scan of a code or riding your local public transit without needing to carry cash or a metro pass," the company added.that is solely designed to focus on financial services.
"If you buy $50 of Libra, your $50 makes its way to the Libra Reserve," Calibra project lead David Marcus."It's designed to be stable and confer values on Libra that makes it more like a traditional currency than any of the digital currencies are now. This is the way paper money was created." Money can be sent between Calibra wallet to any other platform that accepts Libra. The aim is to have 100 companies and organizations on board before launch, Marcus said.
Facebook said today:"Aside from limited cases, Calibra will not share account information or financial data with Facebook or any third party without customer consent.
for instant start merge small crypto currencies with Libra
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