The Facebook Pay will be a unified payment service available across all Facebook apps like Messenger, Instagram, and WhatsApp. This service will work independently from Facebook’s Calibra network and wallet.
Facebook CEO Mark Zuckerberg is set to testify before the Financial Services Committee of the United States Congress later this month.
David Marcus, the head of Calibra wallet, went on Facebook to explain the company’s motivation behind building Libra. David elaborates on why Facebook didn’t choose to build on top of existing systems, but rather chose to build a new one.
Facebook has agreed to take over New York-based CTRL-labs to help the startup develop a new device that will let people control digital devices using their minds in a deal reportedly worth $1 billion.
Facebook has acquired ServiceFriend which is a startup that builds bots. Experts are speculating that this is for the new Calibra wallet support service, however, Facebook hasn’t yet approved this news.
The non-custodial crypto wallet solution ZenGo created an open source project that purportedly provides proof-of-concept (PoC) for its ability to support social media giant Facebook’s virtual currency Libra.
Facebook has applied for a cryptocurrency business license. This is done in order for Facebook to operate within the state of New York with their new crypto project – Libra.
![Libra: Cryptocurrency By Facebook [Infographics]](https://www.coinspeaker.com/wp-content/uploads/2019/06/libra-cryptocurrency-by-facebook-infographics.jpg)
Libra cryptocurrency announced by Facebook on June 18 may become a fresh breath in the global financial system. Let’s puzzle out the details of the innovative project with the infographics by MrBTC.org.