Facebook: Cryptocurrency Balance in 2020 – Internet and Social Networks



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After the rumors of recent days, Facebook confirms: in 2020, it will launch its own virtual currency, called Balance. The project involves some 30 companies, from Visa to Mastercard, PayPal, Uber, Vodafone and Iliad.

With Libra "we aspire to make it easy for everyone to send and receive money, just like using our apps to instantly share messages and photos," wrote the founder and CEO of Facebook, Mar Zuckerberg. "Mobile money" increases security and "this is especially important for people who do not have access to traditional banks": "about a billion people do not have a bank account but have a mobile phone".

Zuckerberg has also announced the creation of an independent subsidiary, Calibra, which will provide shipping, payment and storage services for Libra. The services will start with a digital wallet that will be available on WhatsApp, Messenger and as an application in its own right. "From now on, this will allow Libra to be sent to anyone with a smartphone," for free or at low cost, he wrote, adding that "Calibra will be regulated as that other payment service provider ".

"Over time, we hope to offer more services to individuals and businesses, such as paying bills with a button, buying coffee by scanning a code, or using local public transport without having to carry cash or cash. card, "added Zuckerberg.

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