Facebook officially announces digital currency called Libra


Furthermore, the social media giant stressed, “We’ll also take steps to protect your privacy. Aside from limited cases, Calibra will not share account information or financial data with Facebook or any third party without customer consent.”

Calibra will only share data in cases when it is necessary—to keep people safe and comply with the law. It will use Facebook data to follow the secure customers’ accounts, mitigate risks and prevent criminal activity.

“We’re still early in the process of developing Calibra. Along the way we’ll be consulting with a wide range of experts to make sure we can deliver a product that is safe, private and easy to use for everyone,” according to the social network giant.

Signup for the USA Herald exclusive Newsletter

The digital currency will be available in Messenger, WhatsApp and as a standalone app by 2020.

Have a story you want USA Herald to cover? Submit a tip here and if we think it’s newsworthy, we’ll follow up on it.

Want to contribute a story? We also accept article submissions — check out our writer’s guidelines here.