Facebook Introduced its Cryptocurrency “Libra”, Target 1.7 Billion People
Facebook entered into the world of cryptocurrency with its own digital money "Libra" designed to let people save, send or spend money as easily as firing off text messages.
Facebook and some two dozen partners from US and Uk released a prototype of Libra as an open source code to be used by developers interested in weaving it into apps, services or businesses ahead of a rollout as global digital money next year.
A Geneva-based nonprofit association will monitor the Libra, maintaining a real-world asset reserve to keep its value stable.
The initiative has the potential to allow more than 1.7 billion "unbanked" people around the world access to online commerce and financial services, said Libra Association head of policy and communications Dante Disparte."We believe if you give peo...