BusinessOver the past five years, new DAO experiments and models have flourished, garnering attention for their voting processes. If Web3 is to become a user-owned internet, DAOs will be the organisational fundamental through which that ownership is distributed. With over 13,000 active DAOs globally in 2026, up from just a few hundred in 2021, the space has matured considerably.
1 min.
04.07.2019
Facebook announces details of launching its own cryptocurrency
A new Calibra division has appeared inside the company, which will deal with all financial issues of services belonging to the social network.
Next year, a digital wallet for Libra cryptocurrency will be released, available in the Facebook messenger, WhatsApp and in a special application.
On earth, more than one and a half billion people do not use basic banking services, and in third world countries they do not even have a bank account. The company has set a task to solve this global problem with the Calibra wallet.
It will be possible to send Libra from smartphone to smartphone as easily and quickly as a text message. Over time, the largest social network plans to offer users to pay the bill “in one click”, buy coffee or a ride in transport only by scanning the code.
Facebook assures that personal account data will not be transferred to third parties, which means they will not participate in targeted advertising.
Facebook will also provide support to customers in cases of data hacking or phone loss.
Earlier we wrote: Facebook began negotiations on the launch of a digital currency
Start your crypto exchange with Coin24
Exchange BTC, ETH, USDT and more — cash or card
Secure and fast crypto exchange since 2018
Buy or sell100+cryptocurrencies quickly and easily
Exchange crypto with cash or
card with Coin24
Exchange crypto
online
or in person in 50+ citiesBuy or sell cryptocurrency
via Privat24
Similar Articles
29.04.2026
When you send cryptocurrency, any blockchain must determine whether the transaction is legitimate or if someone is trying to pull a fast one and spend the same coins twice. At a bank, the bank itself verifies this. It checks the balance, confirms the transfer, and decides whether the transaction went through or not. In a […]
26.02.2026
Long and short are two ways to trade on financial markets by taking advantage of an asset’s rise and fall. If you factor in commissions, interest/funding, and liquidation rules in advance, trading becomes understandable risk mathematics rather than “candlestick magic.”