SAN FRANCISCO: Cryptocurrencies live in a volatile, roller-coaster world, which Facebook is seeking to change with its new Libra digital money.
This system"lets everyone store their money securely in their phone," Calibra vice president of product Kevin Weil said.A digital wallet chosen by the user is linked to bank accounts or credit cards for transfers or online transactions. More than a billion people already use WhatsApp and Messenger to communicate, so providing a way to send money makes sense.
Source: Digital Coin News (digitalcoinnews.net)
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