Facebook has officially entered the cryptocurrency race. As expected the company has announced a new global cryptocurrency called Libra and digital wallet to trade the same called Calibra. Symbolised by three wavy horizontal lines, the Libra global currency will be powered by blockchain technology, and the Calibra wallet will be available in Messenger, WhatsApp and as a standalone app. Facebook says it expects to formally launch the new currency in 2020. It also promises to keep the necessary protections in place to safeguard people’s money and information.
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