Facebook: Libra announced the new currency

Facebook announced Libra, a new digital currency that will release 2020 and be integrated with the company's applications and services.

The interest of the largest social network for the of encryption and blockchain technologies has been known for months, while recently there were rumors because Facebook was ready to announce its own virtual currency.

According to reports the new digital currency is backed by major financial institutions such as Visa, the , PayPal, καθώς και από μεγάλες εταιρείες όπως τις Uber, Lyft και eBay.

Some of these companies are believed to have joined a consortium that supports Facebook's intrusion into the encryption space. At the moment one thing is for sure: The Libra digital currency is moving at full speed towards of social networking.

Today Tuesday, Facebook revealed the project that is in the "early phase" in a post on his blog. One of Facebook's subsidiaries, Calibra, will manage the Libra network, which will also have the blockchain infrastructure needed to facilitate the exchange of Libra cryptocurrencies.

The Calibra will have one for Libra as well as a storage system that will be able to integrate with Messenger and WhatsApp. According to the publication, standalone apps for iOS and Android will also be released.


New αναμένεται να κυκλοφορήσει δημόσια το 2020. Η εταιρεία αναφέρει ότι η υπηρεσία θα λειτουργεί με “σχεδόν σε οποιονδήποτε με smartphone” και θα επιτρέπει accounts, buying products or even buying tickets.

Of course these lofty goals also require relationships s, something Facebook is not known to have earned from its users. The "early phase" of the new digital currency probably exists for a first ballistics of the trust of Facebook members, but also of companies.

Do not be amused by the companies mentioned above that support the project (Visa, Mastercard, PayPal, Uber, Lyft and eBay) would support anything at a similar cost.

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Written by giorgos

George still wonders what he's doing here ...

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