Dan Celia in One News Now: Sage advice–Be cautious when using Facebook’s currency


Published in One News Now | Image from One News Now

A Christian financial expert is advising potential users of Facebook’s newly announced cryptocurrency system to be wary about how their personal and financial information could be abused in such a system.

With as many as one and three-quarter billion users worldwide, there’s no doubt Facebook is making a lot of money – but now it’s about to start literally making money … as in currency. It will be electronic currency, of course, but Facebook announced Tuesday it will roll out “Project Libra” set for public use sometime in mid-2020. According to the Wall Street Journal, the social media giant has been working for more than a year on the heretofore secret initiative to build what’s essentially a cryptocurrency-based payments system. Continue reading…

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