This is business a zone d. W. News i was in berlin welcome can facebook take cryptocurrency mainstream the Worlds Largest Social Network unveiled the digital coin it plans to roll out next year the project is called libera according to media reports and proponents say it could revolutionize Digital Payments under a single streamlined currency more than a dozen global firms will invest in and govern the currency like master card vodafone and this group was supposedly wall of control of the currency from facebook itself the facebook coin will be picked so a basket of global currencies like the dollar and the euro or the pound to shield it from the wild fluctuations that has plagued bitcoin and scared off many average investors and potential users but will the new cryptocurrency catch on facebook bets the state of the social Network Alone with 2400000000 monthly users will forge
a new huge marketplace for Streamline Purchases and exchanges facebook also says liberal will help to bridge th
a new huge marketplace for streamline purchases and exchanges facebook also says liberal will help to bridge the so-called banking gap given the 1700000000 people around the world to do not have a bank account a secure alternative to cash facebook c.e.o. mark zuckerberg already already had this to say about the project which will be officially announced later on tuesday i believe that it should be as easy to send money to someone as it is to send a photo so we re already testing this in india we ve got a 1000000 people it s been used a lot in the production for is great. we re already working on rolling this out in a number of other countries later this year. about that joining me here in the studio is jeff gallus he s an investor an entrepreneur specializing in block chain application that is the technology that underpins all major digital currencies jeff
a new huge marketplace for streamline purchases and exchanges facebook also says liberal will help to bridge the so-called banking gap given the 1700000000 people around the world to do not have a bank account a secure alternative to catch facebook c.e.o. mark zuckerberg ory already had this to say about the project which will be officially announced later on tuesday. i believe that it should be as easy to send money to someone as it is to send a photo so we re already touched on this in india we ve got a 1000000 people it s been used a lot in the feedback so far is great. we re already working on rolling this out in a number of other countries later this year. about that joining me here in the studio now is jeff gallus he s an investor an entrepreneur specializing in block chain application that is the technology that underpins all major digital currencies jeff we have bitcoin we have a theory and many other cryptic currencies do we really need to see any promise