More information on the cryptocurrency that Facebook is developing can be found in the Wall Street Journal.
According to the information that the relevant people informed the paper, the project is called ” Libra “, and it has been over a year since its start of development.
Facebook is aiming to raise about $ 1 billion in Libra development, and has called on Visa , MasterCard , First Data and other payment providers.
According to officials, the raised funds have a role of “supporting the value of coin (Libra)” , which is considered to be stable coin linked to the US dollar .
At the end of last year, coverage of Facebook developing digital currency for WhatsApp users was discussed, but this time there is no information.
Libra is said to be available for online payments inside and outside of Facebook. In addition, it is said that the scheme which pays a user with Libra at the time of ad viewing in the project is also discussed.
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Author: Yuya 【Coin Desk News】 – Source Post: https://crypto-times.jp/facebook-libra/
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