The Ethereum blockchain is a distributed ledger system designed to create decentralized applications. One of its main goals was to facilitate money transfers and get rid of intermediaries during transactions in global financial systems. One of the cofounders of Ethereum is Anthony Di Iorio.
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
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