Source: https://www.washingtonpost.com/technolog...89779b0484
Facebook’s Calibra wallet will use a brand new cryptocurrency, Libra. The cryptocurrency will be governed by the Libra Association – a purpose-built, independent non-profit headquartered in Geneva, Switzerland. As of today, the Libra Association has 28 co-founders, including MasterCard, PayPal, Visa, and of course, Facebook.
Eventually, Facebook said, it wants to offer more services for people and businesses, including the ability to easily pay bills, buy a cup of coffee with the scan of a code and use it to ride public transit without the need for cash or a physical pass.
Facebook’s Calibra wallet will use a brand new cryptocurrency, Libra. The cryptocurrency will be governed by the Libra Association – a purpose-built, independent non-profit headquartered in Geneva, Switzerland. As of today, the Libra Association has 28 co-founders, including MasterCard, PayPal, Visa, and of course, Facebook.
Eventually, Facebook said, it wants to offer more services for people and businesses, including the ability to easily pay bills, buy a cup of coffee with the scan of a code and use it to ride public transit without the need for cash or a physical pass.