Facebook

Facebook makes its own cryptocurrency. The partners already have Visa, Mastercard and Paypal

The Mark Zuckerberg company managed to negotiate with the three largest payment platforms (Visa, Mastercard and Paypal) to attract investments in the creation of cryptocurrency. Each of them will invest $ 10 million in financing the development, and Libra will present the cryptocurrency itself on June 18. About this writes   The Wall Street Journal , citing its own sources.

It is reported that the rate of cryptocurrency will be tied to a basket of currencies of large countries of the world. This will avoid the volatility that is characteristic of most other cryptocurrencies. The full launch of Libra will take place no earlier than 2020.

With the help of Facebook cryptocurrencies, users of social networks and instant messengers can exchange money and make purchases both within applications and from Facebook partners. The company is expected to conclude Libra recognition agreements with major online retailers.

Related Articles

Back to top button