Cryptocurrencies
Why Facebook Is Minting a Coin and How You Can Use It
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Facebook Inc. -- along with 27 partners -- is wading into the world of cryptocurrencies with Libra, a digital token that’s projected to be used in everything from commerce to money transfers. Here are the details:
Expected to be launched in 2020, Libra is a blockchain-based digital coin that will let Facebook users to send and receive money or to pay for services. The goal is for Libra to be used outside of the social network as well: Consumers may eventually be able to use it to pay for a cab or a cup of morning coffee.