Facebook just took the wraps off ‘Libra’
Facebook is teaming up with an array of heavyweight multinational companies to launch a new digital currency called “Libra” in an ambitious push to provide financial services to billions of “unbanked” people around the world.
On Tuesday, the Silicon Valley social networking giant officially announced what its buzzy and secretive blockchain team has been working on for the last year or so: A new cryptocurrency that aims to provide fast, cheap, and secure online payments via smartphones across the globe, sidestepping the traditional financial system.
Source: businessinsider.co.za
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