Facebook Launches Cryptocurrency, Libra | NBC News Now


THIS NEW CURRENCY TO SHOP AND EVEN SEND MONEY WITH ZERO FEES. EVEN SEND MONEY WITH ZERO FEES. OUR DIGITAL TECH EDITOR PLAINS OUR DIGITAL TECH EDITOR PLAINS HOW IT WORKS. HOW IT WORKS.>>Reporter: FACEBOOK FINALLY>>Reporter: FACEBOOK FINALLY ANNOUNCED THE CRYPTO CURRENCY ANNOUNCED THE CRYPTO CURRENCY PROJECT CALLED THE LIBRA PROJECT CALLED THE LIBRA ASSOCIATION. ASSOCIATION. ORGANIZATIONS AROUND THE WORLD ORGANIZATIONS AROUND THE WORLD THAT HAVE PAYMENT PROVIDERS LIKE THAT HAVE PAYMENT PROVIDERS LIKE VISA AND MASTERCARD INVOLVED AND VISA AND MASTERCARD INVOLVED AND UBER AND LYFT AND EVEN COIN BASE UBER AND LYFT AND EVEN COIN BASE SO YOU CAN BUY AND SELL THINGS SO YOU CAN BUY AND SELL THINGS LIKE BITCOIN. LIKE BITCOIN. YOU SEE THE PRICE OF BITCOIN HAS YOU SEE THE PRICE OF BITCOIN HAS GONE UP BECAUSE PEOPLE ARE GONE UP BECAUSE PEOPLE ARE EXCITED ABOUT WHAT THIS MEANS EXCITED ABOUT WHAT THIS MEANS FOR CRYPTOCURRENCY AROUND THE FOR CRYPTOCURRENCY AROUND THE WORLD. WORLD. THEY ARE BUILDING A WALLET WHERE THEY ARE BUILDING A WALLET WHERE YOU CAN STORE THIS LIBRA YOU CAN STORE THIS LIBRA CURRENCY. CURRENCY. IT’S PEGGED TO OTHER CURRENCIES. IT’S PEGGED TO OTHER CURRENCIES. SO WHEN YOU’RE BUYING IT, THE SO WHEN YOU’RE BUYING IT, THE PRICE IS GOING TO CLOSELY MIRROR PRICE IS GOING TO CLOSELY MIRROR OTHER CURRENCIES AROUND THE OTHER CURRENCIES AROUND THE WORLD. WORLD. FACEBOOK’S WALLET WILL BE FACEBOOK’S WALLET WILL BE INCLUDED IN MESSENGER AND INCLUDED IN MESSENGER AND WHATSAPP. WHATSAPP. GOING FORWARD, FACEBOOK WANTS A GOING FORWARD, FACEBOOK WANTS A LOT MORE ORGANIZATIONS INVOLVED. LOT MORE ORGANIZATIONS INVOLVED. THEY’RE TRYING TO GET BUY-INS THEY’RE TRYING TO GET BUY-INS FROM COMPANIES AROUND THE WORLD FROM COMPANIES AROUND THE WORLD AND FROM PEOPLE ABLE TO MAKE AND FROM PEOPLE ABLE TO MAKE THIS EASIER TO USE AND MORE THIS EASIER TO USE AND MORE VERSATILE. VERSATILE. ON TOP OF THAT, I THINK YOU’RE ON TOP OF THAT, I THINK YOU’RE GOING TO SEE THIS IS A BIG MONTH GOING TO SEE THIS IS A BIG MONTH FOR CRYPTOCURRENCY. FOR CRYPTOCURRENCY. BITCOIN HAS HAD ITS MOMENTS BUT BITCOIN HAS HAD ITS MOMENTS BUT STILL SOMEWHAT RELEGATED TO STILL SOMEWHAT RELEGATED TO ADVOCATES OF CRYPTO CURRENCY. ADVOCATES OF CRYPTO CURRENCY. THIS IS MEANT TO BRING IT TO THIS IS MEANT TO BRING IT TO YOUR SMARTPHONE, MAKE IT EASY TO YOUR SMARTPHONE, MAKE IT EASY TO USE, EASY TO SEND YOUR FRIENDS USE, EASY TO SEND YOUR FRIENDS AND FAMILY NO MATTER WHERE THEY AND FAMILY NO MATTER WHERE THEY ARE AND FACEBOOK SAYS EVEN MAKE ARE AND FACEBOOK SAYS EVEN MAKE IT EASY FOR PEOPLE WHO HAVE IT EASY FOR PEOPLE WHO HAVE ALMOST NO ACCESS TO BANKING TO ALMOST NO ACCESS TO BANKING TO BE ABLE TO MOVE CURRENCY TO BUY BE ABLE TO MOVE CURRENCY TO BUY THINGS, EVEN FOR PEOPLE LIKE THINGS, EVEN FOR PEOPLE LIKE REFUGEES WHO MIGHT BE DISPLACED. REFUGEES WHO MIGHT BE DISPLACED. SO IT’S GOING TO BE A REAL SO IT’S GOING TO BE A REAL EXCITING THING TO WATCH. EXCITING THING TO WATCH. A LOT OF SKEPTICISM AROUND IT A LOT OF SKEPTICISM AROUND IT PARTICULARLY WITH FACEBOOK. PARTICULARLY WITH FACEBOOK. BUT IT’S A BIG MOMENT FOR THE

7 thoughts on “Facebook Launches Cryptocurrency, Libra | NBC News Now”

  1. Crypto holocurrency (Ħ) is in the future of Quantum computer managed hologram networks and quantum catalogs.
    Money will go Holo (hologram) very very soon.
    Dollars will go Hollars.

  2. I'm not seeing how this adds any value to our everyday life. How is this different from Apple Cash or Google Pay? This guy made it sound like Libra will be accepted where Visa is.

  3. This reminded me of the TV show continuum where this computer nerd become 1man government through his tech controlling everything… No thank you facebook don't you dare try to replace Bitcoin

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