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Facebook to launch a global digital currency

by Futures Centre, Jun 26
1 minute read

Facebook has announced plans to operate its own digital currency – the Libra – from 2020. It will be a cryptocurrency like Bitcoin, but far more stable as it will be backed by private reserves of regular major currencies. The idea is for Libra to be a new global currency, available for use by Facebook’s 2.5 billion users to make payments and low cost money transfers across borders.

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