Editor's Note: This article comes fromBabbitt, Author: Wendy, reproduced by Odaily with authorization.
Editor's Note: This article comes from
Babbitt
, Author: Wendy, reproduced by Odaily with authorization.
Facebook founder and CEO Mark Zuckerberg (Mark Zuckerberg) was the first to share the good news. Zuckerberg said:
"Libra's mission is to build an easy global financial infrastructure that empowers billions of people around the world."
Zuckerberg said that Calibra will send Libra at low or zero cost through smart contracts. In the future, it will be possible to pay bills with one click, scan QR codes to buy coffee, or take local subway cards without carrying cash or subway cards. functions such as public transport.
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The following is the full text of the Libra introduction released by Zuckerberg:
Today, Facebook and 27 organizations around the world have established the non-profit Libra Association (Libra Association) and created a new currency called Libra.
Libra's mission is to build an easy global financial infrastructure that empowers billions of people around the world. Libra, powered by blockchain technology, is scheduled to be officially launched in 2020. You can read more about the association here: https://libra.org.
Using mobile payments has a major positive impact on people's lives because you don't always have to carry cash with you, which can be unsafe or require additional transfer fees. This is especially important for those without access to traditional banking or financial services. At present, there are about 1 billion people in the world who do not have bank accounts but have mobile phones.
We want to make it easy for everyone to send and receive money, just as easily as you use our app to share messages and photos. To achieve this goal, Facebook will also launch an independent subsidiary called Calibra, which will provide Libra sending, spending and storage services. First, WhatsApp and Messenger will deploy a digital wallet, followed by a standalone app next year.
Calibra will be regulated like other payment service providers. All information you share on Calibra will be separate from information shared on Facebook. Calibra will always let users send Libra via smart contracts at little or no cost. In the future, we hope to provide more services for individual users and businesses - such as paying bills with one click, buying coffee by scanning a QR code, or taking local public transportation without carrying cash or a subway card.
In addition to us, many other companies will build their own services in the process of using Libra - from payment companies such as Mastercard, PayPal, PayU, Stripe and Visa to Booking, eBay, Farfetch, Lyft , Spotify, and Uber, to nonprofits making important efforts in financial inclusion like Kiva, Mercy Corps, and Women's World Banking, and Anchorage, Coinbase, Xapo, and Companies active in the cryptocurrency space such as Bison Trails. Some well-known venture capital firms have also joined to help drive innovation on the Libra network. We hope that by the time the Libra network is released next year, there will be more than 100 founding members of the Libra Association.
All of this is built on blockchain technology. Blockchain is decentralized, that is, it is managed by many different organizations, which makes the overall system fairer. Blockchain can be used by anyone with an internet connection, at very low fees and costs. The blockchain is secured by cryptography, which helps keep funds safe.
It's a big part of our vision for a social platform with privacy at its core — a platform where you can interact in any way you want, from text messages to secure payments.
