Sky News
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Facebook branches into banking
Posted
June 18, 2019
Views
3,148
Likes
36
Comments
15
Engagement
1.62%
June 18, 2019
3,148
36
15
1.62%
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2:46Now PlayingThe Facebook empire could be set to expand even further with the social media site's plans to move into banking.
It's developed its own currency, called Libra, and plans to offer services to save, send and spend the digital money.
The governor of the Bank of England says that any working currency of this type would have to be subject to the highest standards of regulation.
Sky's Technology Correspondent Roland Manthorpe explains.
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