Browsing: Facebook founder

Cryptocurrency is the buzz word that is shaking conventional financial markets and which has been hailed as the future of money and transactions.

In a move that will accelerate the shift from cash to cryptocurrency, Facebook has announced that it is getting into the cryptocurrency field to address transaction charges across the globe.

On Tuesday, June 18, 2019, Facebook founder Mark Zuckerberg said the social network giant is coming together with 27 other organizations around the world to start the non-profit Libra Association and create a new currency called Libra.

Global mobile transactions at low to no cost

Zuckerberg said Facebook cryptocurrency Libra’s mission is to create a simple global financial infrastructure that empowers billions of people around the world.

“It’s powered by blockchain technology and the plan is to launch it in 2020,” Zuckerberg added.

He said that being able to use mobile money can have an important positive …