It will be on the market sometime in 2020.
Would you trust Facebook with your money?
On Tuesday, Facebook confirmed it would launch a digital global currency kind of like Bitcoin, called Libra, aimed at users around the world who don’t have bank accounts.
But there’s one more reason Facebook is introducing Libra, said Wedbush analyst Michael Pachter: It’s an opportunity to get some of its over 2 billion users to shop through the platform.
“Facebook is simply making an attempt to facilitate commercial activity for its customers, and the endgame is to offer links to brands they care about,” he said.