After a long period of rumours, Facebook finally confirmed on the 18th of June 2019 that they’ll be launching a global cryptocurrency named Libra which will be stored in a wallet called Calibra. The main feature for Libra is to save, send and spend. Also making transactions a lot easier, not only between friends but also in business, globally.
With the rise of Facebook as a key player in retail they’re constantly handling more payments than ever. Think about the ability to purchase direct through Facebook and Instagram, a feature that’s already rolled out in some parts of the world, or messenger games with tons of add-ons. You name it, they have it.
Libra is built on a secure and reliable blockchain network to grant worldwide access to equal financial service. The coin is also backed up by a reserve of assets, which means that it’s a more stable coin than other cryptocurrencies.
With their 24/7 support, low transaction fees, high levels of security and being compatible with all their apps, they’re planning to launch Libra in the beginning of 2020.
Read all about it on their website: https://calibra.com/