After months of speculations and rumours, Facebook has officially announced a new global cryptocurrency called Libra.
As the official blog explains, the new digital currency will be made available through a digital wallet called Calibra that will be available in Facebook Messenger, WhatsApp, and as a standalone app. The company expects to launch it in 2020.
Calibra will allow users to send Libra to almost anyone with a smartphone as easily as a text message at low or no cost. Facebook plans to offer more services such as bill payments, food ordering, or local public transit, all through Calibra and Libra.
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