Video: Libra, Facebook's own cryptocurrency explained

Mon 01 Jul 2019 12:23 PM GST
This new digital currency that Facebook has just recently introduced is called Libra and it isn't as complex as you think it is

What is Libra? It is a digital currency that will be run by the Libra Association a Geneva-based entity that has over two dozen founding partners, including Facebook, Mastercard, Visa, Uber and the Vodafone group.

Exactly, so it’s not just Facebook that will be managing it. According to the association, it was introduced to enable a simple global currency and financial infrastructure that empowers billions of people”. 

(Source: Arabianbusiness.com YouTube channel)