Facebook has announced the launch of its own digital currency in a major new push into the worldwide financial services industry. The new currency will be a cryptocurrency similar to bitcoin. A cryptocurrency is a kind of money that does not exist in the form of bills or coins. Governments and banks do not oversee the money. Instead, it is exchanged digitally between buyers and sellers using secret codes for security. A network of computers records cryptocurrency activity between users. The activity is included in a “ledger,” or list, known as the blockchain. The blockchain permits the activity records to be checked and stored securely. People keep their cryptocurrency in digital wallets that operate in a way similar to online banks. Facebook is calling its cryptocurrency Libra. It expects to launch the service publicly in the first half of next year.
Title: Facebook to Enter Financial World with Launch of Cryptocurrency
Content: <div id='article-page'><div id='article-content' data-media-url='//news-app-staging.s3.amazonaws.com' data-base-url='//news-app-staging.herokuapp.com' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3409/f9f97b46-26a1-43d1-a867-921adca43068_hq.wav' data-capture-url='//staging.analytics.lingraphica.com/events/capture_news' data-article-title='Facebook to Enter Financial World with Launch of Cryptocurrency' data-article-id='3922'><script src='//news-app-staging.herokuapp.com/javascripts/getscripts.js'></script><link rel='stylesheet' href='//news-app-staging.herokuapp.com/stylesheets/article.css' type='text/css' /><div class='article'><p><span data-start-time='0' data-end-time='12750'>Facebook has announced the launch of its own digital currency in a major new push into the worldwide financial services industry.</span> <span data-start-time='12750' data-end-time='19854'>The new currency will be a cryptocurrency similar to bitcoin.</span> <span data-start-time='19854' data-end-time='28500'>A cryptocurrency is a kind of money that does not exist in the form of bills or coins.</span> <span data-start-time='28500' data-end-time='33667'>Governments and banks do not oversee the money.</span> <span data-start-time='33667' data-end-time='43021'>Instead, it is exchanged digitally between buyers and sellers using secret codes for security.</span> <span data-start-time='43021' data-end-time='51604'>A network of computers records cryptocurrency activity between users.</span> <span data-start-time='51604' data-end-time='59104'>The activity is included in a “ledger,” or list, known as the blockchain.</span> <span data-start-time='59104' data-end-time='66563'>The blockchain permits the activity records to be checked and stored securely.</span> <span data-start-time='66563' data-end-time='76333'>People keep their cryptocurrency in digital wallets that operate in a way similar to online banks.</span> <span data-start-time='76333' data-end-time='82688'>Facebook is calling its cryptocurrency Libra.</span> <span data-start-time='82688' data-end-time='89104'> It expects to launch the service publicly in the first half of next year.</span> </p></div><div class='control-buttons-sticky' style='display:none;'><div class='control-buttons'><button title='Back' class='back' disabled='disabled'></button><button title='Play' class='play' disabled='disabled'></button><button title='Pause' class='pause' style='display:none;'></button><button title='Forward' class='forward' disabled='disabled'></button><button class='finished-reading' style='display:none;'>Done</button></div></div></div><div id='article-media'><div id='media-image'><img src='https://news-app-production.s3.amazonaws.com/articles/3409/DF3148B6-2CD1-4A8E-886B-AD7E7F561630_w1023_r1_s.jpg'/></div></div><div id='question-content' style='display:none;'><div class='vocabulary_question question-container' data-question-id=13108 data-hint-location='0' style='display:none;'><div class='question' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3409/what_does_digital_mean.wav'>What does digital mean?</div><div class='choices' data-correct-choice='related to computer technology, especially the internet'><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3409/related_to_military_or_defense.wav'><span>related to military or defense</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3409/related_to_computer_technology_especially_the_internet.wav'><span>related to computer technology, especially the internet</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3409/related_to_divorce.wav'><span>related to divorce</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3409/related_to_regional_culinary_arts.wav'><span>related to regional culinary arts</span></div></div></div><div class='multiple_choice_question question-container' data-question-id=13109 data-hint-location='19854' style='display:none;'><div class='question' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3409/a_cryptocurrency_is_a_kind_of_what_that_does_not_exist_in_the_form_of_bills_or_coins.wav'>A cryptocurrency is a kind of what that does not exist in the form of bills or coins?</div><div class='choices' data-correct-choice='money'><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3409/religion.wav'><span>religion</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3409/clothing.wav'><span>clothing</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3409/food.wav'><span>food</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3409/money.wav'><span>money</span></div></div></div><div class='sentence_completion_question question-container' data-question-id=13110 data-hint-location='33667' style='display:none;'><div class='question' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3409/instead_it_is_exchanged_digitally_between_buyers_and_sellers_using_secret__blank__for_security.wav'>Instead, it is exchanged digitally between buyers and sellers using secret <span class='blank'>codes</span> for security.</div><div class='choices' data-correct-choice='codes'><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3409/codes.wav'><span>codes</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3409/languages.wav'><span>languages</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3409/patterns.wav'><span>patterns</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3409/whispers.wav'><span>whispers</span></div></div></div><div class='question-buttons'><button class='skip-button'></button><button class='hint-button'></button><button class='speak-button'></button></div></div></div>
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