Facebook’s Libra Currency

David Marcus, head of Facebook’s ‘Cailibra’ project and former president of Paypal, testified before the US government for their proposed digital currency 'Libra' The currency will be a stable currency that can be used for payments and other financial activities around the world. Payments in Libra will be available on both existing payment rails (i.e. card terminals), and also by scanning barcodes via your smart phone. Payments will be maintained by a distributed ledger, empowering users to take custody of their own funds.