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What is Libra on Facebook?

What is Libra? On June 18, 2019, Facebook announced Libra. It is a virtual currency, or cryptocurrency, though some people don’t agree with that definition. We'll get into why later.

What is Facebook's new digital currency Libra?

On Tuesday, Facebook announced a digital currency called Libra that will roll out for use in 2020 and allow the platform’s billions of users across the globe to make financial transactions online.

What is Facebook's Libra Digital Wallet?

Facebook will launch Calibra, the Libra digital wallet, to allow users to send money to and from each other. Apart from transactions on the app itself, Facebook wants to facilitate the use of Libra at various vendors for day-to-day transactions.

What is Facebook Libra blockchain?

Facebook’s Libra Blockchain will be built on open source code that allows the developer and research community to monitor it for design and security flaws, and the company will implement a “bug bounty” program to incentivise security experts to point out vulnerabilities in the platform. How will this make Facebook money?

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