Facebook Launches Libra Crypto Currency

The giant social networking company, Facebook, finally really penetrated the crypto money business by launching "Libra".

Users of Facebook.Inc services, including WhatsApp, Instagram and Messenger, can be traded with Libra starting in early 2020. However, it has not been clearly published simultaneously in the whole world or gradually in several previous countries.

Libra can be used to buy goods or send money to fellow users without charge. This crypto currency can also be exchanged for real currency or through offline shops.

Users can then save it in a digital wallet made by Facebook called "Calibra". This service will be embedded on WhatsApp, Messenger, and Facebook.

About privacy, no need to worry. Calibra does not mix personal data on Facebook with Libra transactions. The user's identity is hidden, so they can transact with pseudonyms and be free from targeting Facebook ads.

Libra will not be fully controlled by Facebook as a creator, given a special organization called the Libra Association. Where there are representatives from Visa, Uber, and Andreessen Horowitz, each of whom must invest as much as 10 million US dollars (Rp 142 billion) for this project.

This organization will launch "Libra Blockchain" and an open-source developer platform with a programming language called "Move"

They will also approve the business to accept Libra as a transaction tool and even provide discounts or gifts to customers, approved by KompasTekno summarizing from Tech Crunch on Wednesday (06/19/2019).

Later there will be more companies joining the Libra Association.
Some of them include PayPal, MasterCard, Booking Holdings, eBay, Lyft, Spotify AB, Vodafone Group, including non-profit institutions such as Women's World Banking and Creative Destruction Lab. [source](https://amp.kompas.com/tekno/read/2019/06/19/10533137/facebook-l Launch-mata-uang-kripto-libra)