Facebook: Plans Global Financial System Based on Cryptocurrency

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Facebook: Plans Global Financial System Based on Cryptocurrency

Facebook: Plans Global Financial System Based on Cryptocurrency

  • Facebook has unveiled an ambitious plan to launch an attack on the global financial system
  • The payments system powered by blockchain and a digital wallet
  • Facebook Inc will not have access to financial data that is on Calibra
  • Facebook’s digital wallet named as Calibra, integrated into its Messenger and WhatsApp applications
  • Facebook wants to launch the new system in the first half of calendar 2020
  • Facebook is one of 28 founding partners of the Libra Association