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
2.4000000000 monthly users will forge a new marketplace for streamline purchases and exchanges now that s a lot of big claims there but is it a good idea to trust facebook with their finances so let s go over to the big table now to talk to tom michelle and the head of marketing at lisk good to have you with us thomas so let s get right into it why is facebook doing this i think we re seeing a huge shift from big tech firms moving into the tech space we all know now with apple pay google pay some soon pay and now facebook is also moving into that space and i think that they re shaking up traditional finances and the reason why i think facebook is doing this is to find better users further into the ecosystem potentially adds new revenue streams and i think also most important in mind more user data on the our behavior is what drives us in our purchases online and old this gives them even more power. well because that s what they really did write more power but you know for our viewers h
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