Facebook says its new cryptocurrency will be better than Bitcoin
By Bloomberg
20 June 2019 |
10:21 am
Facebook Inc. unveiled plans for a new cryptocurrency that the social-media giant hopes will one day trade on a global scale much like the U.S. dollar. Called Libra, the new currency will launch as soon as next year and be what's known as a stablecoin -- a digital currency that's supported by established government-backed currencies and securities.
In this article
Related
Related
26 Feb 2021
Vice President Yemi Osinbajo has disagreed with the Central Bank of Nigeria to ban Crypto-Currencies transactions in the country.
Osinbajo spoke at the CBN/Bankers Committee’s Initiative for Economic Growth in Lagos and called on the CBN and the Securities and Exchange Commission to put in place a robust framework for the regulation of Crypto-Currencies.
The CBN had ban Crypto-Currencies usage in Nigeria a few weeks ago.
10 Jun 2021
Here are a few reasons to pick up a copy of The Guardian on Friday. Find these stories and much more when you grab a copy of The Guardian on Friday.
Nigeria launches eNaira digital currency... CBN says transactions on the platform free for 90 days
25 Oct 2021
Here are a few reasons to pick up a copy of The Guardian on Tuesday. Find these stories and much more when you grab a copy of The Guardian on Tuesday.
4 Nov 2021
Local traders and residents reacted to the Taliban ban of foreign currencies for trade, at the Sarai Shahzada market in Kabul on Wednesday after the Taliban made the announcement on Tuesday. The US dollar has been used widely in Afghanistan’s markets before the ban.
2 Dec 2021
Turkey's Finance Minister, Lutfi Elvan, has resigned amid another plunge in the value of the country's currency, the lira. He is being replaced by his deputy, Nureddin Nebati, who supports President Recep Tayyip Erdogan's controversial economic policies. The lira has lost almost half of its value this year as Erdogan has pushed for low interest rates, despite rising inflation. Also today, we look at how some French parents are choosing to rent toys for their children, instead of buying new ones.
20 Feb 2022
India is expected to launch a digital version of its currency, the rupee. The plan for the sovereign-backed digital currency comes as the popularity of cryptocurrencies is on the rise.
27 Jul 2022
Zimbabwe introduces gold coins as local currency tumbles.
16 Oct 2022
Lebanon is in the midst of a currency crisis and has devalued its local currency. But implementing a new exchange rate policy is set to have catastrophic consequences on people's daily lives.
30 Oct 2022
Currencies are depreciating around the world and wreaking havoc on economies. But as the strong US dollar hits foreign demand, some American businesses are also experiencing painful losses.
2 Dec 2022
India's central bank hopes a digital rupee will facilitate cheaper and easier financial transactions, as well as protect people from the volatility of private cryptocurrencies.
4 Feb
Russia has started selling its growing reserves of the Chinese currency to fill a budget deficit caused by falling oil and gas revenues and the costs of war. For how long will the yuan shore up Putin's ailing economy?
9 Feb
Nigeria's Supreme Court suspends the old-for-new currency swap deadline that has caused pre-electoral chaos. Also, Algeria is one of many countries that have sent rescue teams to Turkey and Syria in the aftermath of the deadly earthquakes. Finally, we meet a prize-winning Ivorian scientist who is hoping that her work on bio-pesticides will help transform sustainable agriculture.
Latest
1 hour ago
Find these stories and much more when you grab a copy of The Guardian on Friday.
1 hour ago
After decades out of fashion, a declaration to triple nuclear capacity at UN climate talks suggests a revival. Some say it's necessary to help curb emissions, others call it a needless distraction.
1 hour ago
The nationwide strike will likely cause thousands of cancellations and begins at 21:00 GMT on Thursday until the same time on Friday evening.
3 hours ago
A woman who was forced to undergo female genital mutilation (FGM) as a young child in her native Somalia has told FRANCE 24 how she managed to turn her life around and transform her horrific experience into a force for good. Shamsa Araweelo has received around 70 million views of her TikTok videos, in which she explains using rubber models exactly what FGM does to a woman.
3 hours ago
The war between Israel and Hamas in Gaza is heightening the terror risk in the EU, according to the bloc's home affairs commissioner. The warning comes after a German tourist was killed in a knife attack in Paris.
×

Get the latest news delivered straight to your inbox every day of the week. Stay informed with the Guardian’s leading coverage of Nigerian and world news, business, technology and sports.