What Facebook’s Cryptocurrency Means: 6 Predictions

Published: June 26, 2019 | by Bitcoin Press News Team

What does Facebook’s new cryptocurrency mean? According to news reports , Facebook will shortly launch Libra , a global cryptocurrency available to users of its suite of platforms (including Messenger and WhatsApp). Presumably any merchant with an account on these platforms could transact in the cryptocurrency with customers who also have accounts—for anything, such as online purchases, and physical-world purchases such as groceries and restaurants. Facebook this week revealed plans to announce details on June 18 and confirmed its cryptocurrency will be a “ stablecoin ” whose value will be tied to a basket of fiat currencies. Based on […]

View the full story at: www.forbes.com

What Facebook’s Cryptocurrency Means: 6 Predictions

Published: June 26, 2019 | by Bitcoin Press News Team

What does Facebook’s new cryptocurrency mean? According to news reports , Facebook will shortly launch Libra , a global cryptocurrency available to users of its suite of platforms (including Messenger and WhatsApp). Presumably any merchant with an account on these platforms could transact in the cryptocurrency with customers who also have accounts—for anything, such as online purchases, and physical-world purchases such as groceries and restaurants. Facebook this week revealed plans to announce details on June 18 and confirmed its cryptocurrency will be a “ stablecoin ” whose value will be tied to a basket of fiat currencies. Based on […]

View the full story at: www.forbes.com