Facebook has finally unveiled its Global Digital Coin, LIBRA, and No. You don’t need a Facebook account to use it.
The tech giant plans to see LIBRA be accepted anywhere Visa, or MasterCard are accepted. Dante Disparte, head of policy and communications for the Libra Association, told CoinDesk “In so many ways it’s a great leap forward for cryptocurrencies and, in many respects, a mainstreaming of this asset class.” “The goal of this new project … is to build a financial ecosystem that can plug in and empower billions of people,” Disparte said.
FB’s plan will have Calibra as a new Facebook subsidiary along with an independent consortium, Libra Association and it is backed by some huge names in the tech sphere.
Financial services including a digital wallet for the Libra coin will be developed and will be accessed via a standalone app on both iOS and Android, or indeed through Facebook Messenger or WhatsApp. We can expect a launch date sometime next year!
Are you excited to see how LIBRA pans out? Do you think LIBRA is a cryptocurrency See what Rich has to say about the project and where he anticipates it going.