Facebook wants your life, data, money. ALL in the name of Freedom, Justice, and Money. Come on suckers, keep using FB
DENVER, Colorado – When will people learn. Facebook and the people that work for Facebook believe that all people are suckers and deserve to be raped and pillaged. Or, at least that is what the FB people are leading us to believe.
Facebook has access to your data, your private conversations, and now they want you to start using their crypto-currency, LIBRA.
Facebook Inc announced ambitious plans on Tuesday to launch a new global cryptocurrency called Libra, part of an effort to expand into digital payments that immediately raised privacy concerns.
The social networking giant has linked with 28 partners including Mastercard, PayPal and Uber to form Libra Association, a Geneva-based entity governing the new digital coin, according to marketing materials and interviews with executives. No banks are yet part of the group.
To facilitate transactions, Facebook also created Calibra, a subsidiary that will offer digital wallets to save, send and spend Libras. Calibra will be connected to Facebook messaging platforms Messenger and WhatsApp.
The whole system is scheduled to launch in the first half of 2020.
Facebook executives and others associated with Libra have big aspirations. They hope it will not only power transactions between established consumers and businesses globally, but offer unbanked consumers access to financial services for the first time.
Facebook is also betting Libra can squeeze more revenue out of its suite of apps, something already happening on Chinese social networks like WeChat.
The name “Libra” comes from Roman weight measurements, the astrological sign for justice and the French word for freedom, said David Marcus, who heads the project for Facebook.
“Freedom, justice and money, which is exactly what we’re trying to do here,” Marcus said in an interview.