Facebook has announced a digital currency called Libra that will allow its billions of users to make financial transactions across the globe, in a move that could potentially shake up the world’s banking system, The Guardian reports.
Libra is being touted as a means to connect people who do not have access to traditional banking platforms. With close to 2.4 billion people using Facebook each month, Libra could be a financial game changer, but will face close scrutiny as
Facebook continues to reel from a series of privacy scandals.
It could also be a welcome lift to
Facebook ’s profits: analysts are suggesting
Libra could be a huge moneymaker for
Facebook , arriving as its growth slows.
Technology to make transactions with
Libra will be available as a standalone app – as well as on WhatsApp and Facebook Messenger platforms – as early as 2020. It will allow consumers to send money to each other as well as potentially pay for goods and services using the Facebook -backed digital currency instead of their local currency.
This Emotional Letter A 6-Year-Old Girl Left For Her Father On Her Birthday Will Make You Cry
Gridlock: Lagos bans trucks, trailers from plying roads in the state during day time
Lady Gets Surprise Car Gift From Boyfriend After He Lured Her Home During Lunch Break (Photos)
Popular American actress Cloris Leachman dies at 94
Joe Biden Finally Shows His True Colors as He Bans The First African Country From Travelling to US (Details below)
TRAGIC! Armed Robbers Killed This Man After Robbing A Hotel, They Thought He Was Calling The Police (Details below)
Shoot Me If You Want to, Am Not Going Anywhere- Boy Resist New Police Tactic Squad For trying to Extort Money From Him (Video below)
This is too Risky! Would You Allow a man to do this to your Wife or Girlfriend? – (Video below)
- News1 day ago
General Sani Abacha Is Not Dead, See Proof (Details below)
- Love & Relationship2 days ago
I Slept With Three Guys, I Don’t Know Who Is Responsible For My Unborn Baby
- News1 day ago
Sunday Igboho Alleges Betrayal By Some Yorubas, Declares He Knows Those Who Burnt His House (Video below)
- News2 days ago
Why Didn’t They Come To Where I Live? Sunday Igboho Reacts, Says Razed Property Is About 50m (Details below)