Libra presented: Facebook's own cryptocurrency

In a Articles on WhatsApp our editor-in-chief spoke of a cryptocurrency from Facebook. This week it became a reality, it is called Libra.
To begin with, I want to clarify something that initially confused me a little. in the News article from Facebook one reads two terms very often, namely “Libra” and “Calibra”. The first term stands for the currency, like the euro in Germany and Austria and the franc in Switzerland. The latter term stands for the digital wallet in which the currency is stored. Now that that's cleared up, I can tell you what Libra and Calibra are all about.
Libra: making digital payments easier and more accessible
With Calibra and Libra, Facebook wants to combat the problem that very few people have access to financial services. With its own cryptocurrency, the company wants to make sending money as easy as sending a text message. Initially, users will be able to access their Facebook money via WhatsApp, Facebook Messenger and their own app.
Then there is the security and privacy issue, which Facebook is not particularly famous for. Here they promise that they will rely on systems that banks and credit card companies also use. It remains to be seen how well and safely this really works.
future plans
If everything goes according to Facebook's plans, Libra will be launched next year. Even if this crypto currency is still quite young, you already have some future plans. These include features such as one-tap-to-pay or the storage of public transport tickets. Sounds very promising overall. Let's see how the currency performs in the wild.