Facebook Is Launching Its Own...

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Facebook Is Launching Its Own Digital Currency

Niall Colbert
Niall Colbert

1:51 PM - 18 Jun 2019



Facebook is to launch its own digital currency.

It'll be known as Libra, and will allow people to move money via Whatsapp, Facebook messenger and a standalone app.

Here's what users can expect:

Facebook

Money will be transferred in the same amount of time it takes to send a text message.

Facebook says people will be able to send money "at low to no cost".

It's already got the backing of 28 firms, including Mastercard, Visa and PayPal.

Facebook has also assured users their account information and financial data won't be used to improve ad targeting on its products.



Read more about

Currency Facebook Libra

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