Skip to main content

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.



by Futures Centre Spotted 1994 signals

Have you spotted a signal of change?

Register to receive the latest from the Futures Centre.
Sign up

  • 0
  • Share

Related signals

Our use of cookies

We use necessary cookies to make our site work. We'd also like to set optional analytics cookies to help us improve it. We won't set optional cookies unless you enable them. Using this tool will set a cookie on your device to remember your preferences.

For more detailed information about the cookies we use, see our Cookies page.

Necessary cookies

Necessary cookies enable core functionality such as security, network management, and accessibility. You may disable these by changing your browser settings, but this may affect how the website functions.

Analytics cookies

We'd like to set Google Analytics cookies to help us to improve our website by collecting and reporting information on how you use it. The cookies collect information in a way that does not directly identify anyone. For more information on how these cookies work, please see our 'Cookies page'.