Shiraz Kahn
Facebook’s entry into the world of digital currency has resulted in so much thrill. It’s becoming more and more important to use the right payment processing services that can help you easily take your business to the next level and fight the competition in your field. This article will tell you about FB’s new service. What’s more, it’ll help you find exceptional merchant services, including an SEO merchant account, for your business.
More on the Right SEO Merchant Account & FB’s Libra
Facebook is going to launch a new cryptocurrency, Libra. The company has partnered with eBay, Lyft, Latin American payments platform Mercado Pago, PayPal, Spotify, Stripe, Uber, and Visa, FB is also developing a new subsidiary, Calibra. The latter has to do with a digital wallet that’ll allow for storing and transferring the online money with the help of FB apps.
More specifically, Libra is an open-source digital currency. It’s planned to be launched in the 1st half of 2020. Libra is developed to allow for transferring funds all around the globe free of charge and without any difficulty. The Libra Association, which is based in Switzerland will be running this new digital money.
FB aims to make its cryptocurrency accessible worldwide, and provide people with increased stability and safety while transferring funds. Unlike bitcoin and other digital currencies, which are surrounded by volatility and speculation, Libra will be supported by government-backed money, which is relatively stable.
In fact, Facebook isn’t going to be the one and the only company to impose control over Libra. FB will be just one of the members of the Libra Association. Transaction will be publicly available, and the wallet providers will keep know-your-customer (KYC) and anti-money laundering (AML) data.
What are your own plans concerning your payments? Are you working with a reliable payment processing company that can provide you with the right merchant processing services? If not, it’s high time you turned to a reputable credit card processor to enjoy the best credit card processing solutions, including an SEO merchant account, so to take your business to new heights without challenges.
FB’s Big User Numbers & Catapult Calibra
Did you know that it’s not too typical of Americans to use touch-to-pay? Libra will offer a number of advantages. The global reach of FB and its apps like WhatsApp will be one of the most striking advantages. As of May data, FB had 2.38 billion MAUs (monthly active users). When it comes to WhatsApp, the app also has a quite large user base.
Libra’s open-source wallet Calibra, FB’s regulated subsidiary, will protect financial data and prevent it from being used or shared for advertising.
To sum up, FB has recently unveiled the details concerning Libra, its digital currency. Thanks to the latter, people will be able to buy goods and send money without paying any higher fees for this. The cryptocurrency is expected to allow for pseudonymously purchasing or selling one’s Libra for products on the web or at brick-and-mortar locations, such as supermarkets.
