Facebook to launch Libra cryptocurrency in 2020

Libra, a digital currency introduced in 2020, is backed by financial assets to reduce volatility. It is managed by the Libra Association, a nonprofit based in Switzerland, with founding members like Uber and PayPal. The association validates transactions and manages the currency reserve. Calibra, a digital wallet for Libra, will be available on Messenger, WhatsApp, and as a standalone app, allowing users to send Libra and make purchases. The Libra blockchain is pseudo-anonymous, keeping financial data separate from user profiles, and Calibra account information will not be used for ad targeting on Facebook platforms.

How does Libra aim to maintain its stability compared to other cryptocurrencies?

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Which companies are founding members of the Libra Association?

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What is the main purpose of the Libra Association?

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What is the name of the digital wallet being launched alongside Libra?

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What are the privacy claims made by Facebook regarding Libra transactions?

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