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
Facebook finally on feels its crypto currency so could libra transform traditional Payment Systems and will governments seek to regulated. Also on the show all eyes are on istanbul ahead of sundays mejor old election to voters punish the ruling party for turkeys economic woes. Real estate costs are skyrocketing in berlin driving the german capital to consider an unusual solution. And unlocking the hidden beauty of snails well share some surprising uses for europes liveliest cash crop. Welcome to business im Stephen Beers and glenn its good to have you with us can facebook take cryptocurrency mainstream the Worlds Largest Social Network unveiled the digital coin it plans to roll out next year a libra is its name and proponents say it might just revolutionize digital payments
under a single streamlined currency now over a dozen global firms will invest in and govern the currency including master card vodafone and as group will supposedly wall off control of the currency from facebook its
of the coin that will be pegged to a basket of global currencies such as the u.s. dollar the euro and the british pound is shielded from fluctuations that have hit bitcoin for example so will it catch on facebook is betting on its 2400000000 you re going to see that number there 1000000000 monthly users to make it easy to forge a new marketplace for streamline purchases and exchanges well here s what facebook c.e.o. mark zuckerberg had to say earlier today about the project 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 and india with about a 1000000 people it s been used a lot in the feedback so far is great and we re already working on rolling this out in a number of other countries later this year all right that was mark zuckerberg speaking
the coin that will be pegged to a basket of global currency such as the u.s. dollar the euro and the british pound is shielded from fluctuations that have hit bitcoin for example so will it catch on facebook is betting on its 2400000000 you re going to see that number there 1000000000 monthly users to make it easy to forge a new marketplace for streamline purchases and exchanges well here s what facebook c.e.o. mark zuckerberg had to say earlier today about the project 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 and india with about a 1000000 people it s been used a lot in the feedback so far is great and we re already working on rolling this out in a number of other countries later this year all right that was mark zuckerberg speaking
under a single streamlined currency now over a dozen global firms will invest in and govern the currency including master card vodafone and as group will supposedly wall off control of the currency from facebook itself the new coin will be pegged to a basket of global currencies such as the dollar and the euro with the intent of shielding it from the wild fluctuations that are plagued big and scared off many average investors the big question will it catch on facebook is betting that the scale of its social network alone with 2400000000 monthly users will forge a new huge marketplace for streamline purchases and exchanges the social network is also says that libor will help to bridge the so-called banking gap giving the 1700000000 people around the world who do not have a bank account a secure alternative to cash so why a crypto currency here s how facebook c.e.o. mark zuckerberg 1st publicly framed the idea a few weeks ago. i believe that it should be as easy to send money to someone