PARIS, FRANCE - JUNE 18: In this photo illustration, a visual representation of a digital cryptocurrency coin sits on display in front of a Facebook logo on June 17, 2019 in Paris, France. Facebook will announce Tuesday, June 18 the details of its cryptocurrency, called " Libra ". Like bitcoin, the best-known virtual currency, it will rely on blockchain technology. This universal currency must allow its users to buy products or services from the Facebook universe, which also owns Messenger, Instagram and WhatsApp. It will also be possible to transfer "Libras" between individuals. Several companies like Visa, MasterCard, PayPal and Uber have already joined the consortium created by Facebook. (Photo by Chesnot/Getty Images)


Facebook’s Libra is not a cryptocurrency and won’t offer the kinds of protections that Bitcoin does. It’s a way for Facebook to track what you buy.Read More

>> Source: VentureBeat

Facebook’s ‘cryptocurrency’ Libra has nothing to do with Bitcoin
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