Facebook unveiled Libra, a digital currency powered by blockchain that is set to launch next year. The company and its partners think Libra could fundamentally change global financial and payment systems. Here's how it will work.
New York Facebook on Tuesday unveiled its cryptocurrency project: Libra. If all goes to plan, the company and its partners think Libra could fundamentally change global financial and payment systems.
Here's how it will work: Libra is a digital currency powered by blockchain that is set to launch next year. An independent organization composed of representatives of up to 100 companies and nonprofits — not Facebook alone — will govern the currency. Facebook and other companies will build applications for people to use Libra.
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