Libra Association shares details about Facebook's new crypto push

Yahoo Finance Video

Updated Tue, Jun 18, 2019, 12:19 PM

Facebook announced the details of its widely-rumored cryptocurrency project: a financial services offering called Calibra. Calibra is a “newly formed Facebook subsidiary” and its first product, launching in 2020, will be a digital wallet to store and send Libra, a new cryptocurrency. The group behind the cryptocurrency is the Libra Association, which has 29 founding members including some big names like Visa, MasterCard, Uber, Lyft, eBay, and Spotify. Libra Association's Head of Policy, Dante Disparte talked to Yahoo Finance's Dan Roberts, Heidi Chung and Myles Udland about the cryptocurrency and partnership.

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Libra Association shares details about Facebook's new crypto push

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