Is Facebook Putting Digital Identity At Risk With Libra? Here’s Why It Raises Privacy Concernsby@passbase
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Is Facebook Putting Digital Identity At Risk With Libra? Here’s Why It Raises Privacy Concerns

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Last month, Facebook revealed details of its much-hyped cryptocurrency, Libra. The social media giant announced that the digital currency, set to launch in 2020, will enable people to buy things or send money to others with almost zero fees. Facebook plans to build its own wallet that will be integrated into WhatsApp, Facebook’s Messenger and its app. With Libra, Facebook would have access to purchase data of its users. If the tech company were to monitor the transactions, it would learn exactly what people are buying and may tap into that information for monetization.

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