Facebook will present its own encryption on June 18th

Facebook will present its own encryption on June 18th

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We’ve already informed you that Facebook launches tests with its own encryption. The company’s desire to enter this relatively new market segment is quite interesting.

This project is already in its final phase, as the official prime minister of the virtual currency will be on June 18th. The code name is “Libra”. Facebook hopes to attract great interest among big investors and link Libra with the currencies of several real currencies.

This will ensure that there will be no drastic changes in the value of the cryptoblock, which happens with the battle. The premiere of the Libra can set a new era in online shopping and make mobile payments on the social network.

Removing fees when performing credit card transactions will also reduce the use of the virtual currency. Facebook already negotiates with many leading brands for their plans.

The virtual currency will be able to send and exchange free of charge in all applications of the company, such as Messenger, Instagram and WhatsApp. Negotiations with leading retail chains have already begun with the idea of ​​integrating Libra into their systems.

Facebook will also offer additional offers for the use of cryptoplite. Think about the idea of ​​a physical device that will allow withdrawal from the ATMs.

Facebook’s plans are extremely serious, with an impressive budget designed to ensure crypto data stability. Good investor confidence will be key to the success of this project.

The name “Libra” is encrypted and can not find a place in the finished product. According to the BBC, the current launch of the market will take place in 2020. named “GlobalCoin.”

Facebook will present its own encryption on June 18th

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