Facebook to launch Libra cryptocurrency in 2020

Facebook just announced its plans to launch Libra, a new global currency powered by blockchain technology in 2020. It will be available as a standalone app and also support payments in Messenger and WhatsApp. Facebook subsidiary Calibra digital wallet will let you send Libra to others using an app instantly. It will eventually introduce several services such as paying bills instantly, scan a code to buy things and use it to pay for local public transit.

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Facebook said to launch its ‘GlobalCoin’ cryptocurrency in 2020

Facebook Smart Speaker

According to fresh reports, Facebook is said to launch its cryptocurrency in 12 countries next year. It has been referred to internally as ‘GlobalCoin’, and the company plans to start testing its cryptocurrency by end of this year finally set up a digital payments system in the first quarter of 2020.

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