June 20, 2019

Facebook looks to liberate fintech

Market participants prepare for new cryptocurrency from the world's largest social media company.

The world’s most prominent social media network Facebook has announced plans to take its global dominance to the next level through the launch of its own cryptocurrency, Libra.

Libra is a financial technology (fintech) solution, or cryptocurrency, that will allow users to buy goods and services on a worldwide scale, to send money with greatly reduced fees, and possibly most interestingly, the new cryptocurrency could potentially deliver financial and banking services to billions of “unbanked” users.

Written by George Tchetvertakov
Published by Small Caps