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    Facebook Unveils Libra Cryptocurrency, Sets Launch For 2020

    by Bill Chappell Jun 18, 2019 2 minutes
    Facebook says it will launch a new cryptocurrency called Libra and a digital wallet called Calibra in 2020.

    Facebook is branching into cryptocurrency, unveiling a new blockchain-based currency called Libra that could challenge bitcoin. Libra will be controlled by a nonprofit group in which Facebook will share responsibilities with companies ranging from Mastercard and PayPal to Uber and eBay.

    The currency, which is still in the testing phase, is expected to launch in 2020. Facebook says Libra will have very low fees and that people

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