Twitter: @FaizelPatel143<\/a>)<\/em><\/strong><\/p>\n\u00a0<\/p>\n
Facebook has announced plans to launch a new global cryptocurrency called Libra pledging to deliver stable virtual money that lives on smartphones and could bring over a billion “unbanked” people into the financial system.<\/p>\n
AFP reports, the social networking giant is linked with 28 partners including MasterCard, Visa, PayPal, Lyft, Uber to form Libra Association, a Geneva based company, the only entity able to “mint or burn” the digital coin maintaining supply in tune with demand and assets in reserve.<\/p>\n
Facebook and some two dozen partners released a prototype of Libra as open source code for developers interested in weaving it into apps, services or businesses. <\/p>\n
To facilitate transactions, Facebook also created Calibra, which will offer digital wallets to save send and spend Libra\u2019s.<\/p>\n
Calibra is being built into Facebook’s Messenger and WhatsApp with a goal of letting users send Libra as easily as they might fire off a text message.<\/p>\n
Analyst and cryptocurrency investor Lou Kerner says Facebook’s move has the potential to open the door for cryptocurrency to a wider public.<\/p>\n
The whole system is scheduled to launch early next year.<\/p>\n","protected":false},"excerpt":{"rendered":"
\u00a0 Faizel Patel, Radio Islam News – 19-06-2019 (Twitter: @FaizelPatel143) \u00a0 Facebook has announced plans to launch a new global cryptocurrency called Libra pledging to deliver stable virtual money that lives on smartphones and could bring over a billion “unbanked” people into the financial system. AFP reports, the social networking giant is linked with 28 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[226],"tags":[],"class_list":["post-25335","post","type-post","status-publish","format-standard","hentry","category-tech-reviews"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"jetpack_shortlink":"https:\/\/wp.me\/pc0QIf-6AD","jetpack_likes_enabled":true,"publishpress_future_action":{"enabled":false,"date":"2026-04-28 16:00:07","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/radioislam.org.za\/a\/wp-json\/wp\/v2\/posts\/25335","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/radioislam.org.za\/a\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/radioislam.org.za\/a\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/radioislam.org.za\/a\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/radioislam.org.za\/a\/wp-json\/wp\/v2\/comments?post=25335"}],"version-history":[{"count":0,"href":"https:\/\/radioislam.org.za\/a\/wp-json\/wp\/v2\/posts\/25335\/revisions"}],"wp:attachment":[{"href":"https:\/\/radioislam.org.za\/a\/wp-json\/wp\/v2\/media?parent=25335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/radioislam.org.za\/a\/wp-json\/wp\/v2\/categories?post=25335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/radioislam.org.za\/a\/wp-json\/wp\/v2\/tags?post=25335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}