Monday, 29th November 2021

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.