Facebook has announced a new cryptocurrency, Libra, and set up a digital wallet subsidiary called Calibra to let people spend and save the currency. Facebook CEO Mark Zuckerberg has promised that Calibra will not put peoples’ money or privacy at risk, and that transaction data would not be shared with Facebook.
This isn’t strictly true if you read Calibra’s terms and conditions, which state Facebook may use some data to prevent crime and improve products. Facebook will also share some anonymised aggregated information with Calibra, according to the terms, to study things like internet adoption.
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