Calibra Technical Lead Tells Why Facebook Built New Language for Libra
Cointelegraph
Published Feb 21, 2020 10:00PM ET
Updated Feb 21, 2020 11:42PM ET
Calibra Technical Lead Tells Why Facebook Built New Language for Libra
Digital lead for Calibra Ben Maurer gave a presentation on Facebook (NASDAQ:FB)'s Move programming language at the Stanford Blockchain Conference on Feb. 19. Move was created by Facebook to provide a safe and programmable foundation for the Libra blockchain. Maurer explained that Move will make it easier and more secure to program financial applications that run on Libra. He said:
Maurer mentioned that Libra’s mission is to solve the lack of access to financial services, noting that 1.7 billion adults globally are unbanked, yet 1 billion of those individuals have mobile phones. Maurer also noted that migrants lose $25 billion a year due to remittance transaction fees. He explained that he recently spoke with someone who had to go to a physical store and pay a fee in order to send money to their family:
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