The new digital currency will allow Facebook users to make financial transactions across the globe. This move could potentially shake up the world’s banking system.
Boasting over 2.4 billion users, through Libra, Facebook aims to link people who do not have access to traditional banking platforms.
Users will be able to make transactions with Libra by 2020, on both WhatsApp and Facebook Messenger platforms. Consumers will be able to send money to each other and also pay for services and goods using Libra.
Companies involved in this venture include: PayPal, Mastercard, eBay and Coinbase.
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