Is Facebook getting in the money biz?

Published: June 18, 2019, 11:07 a.m.

b"You\\u2019ve probably heard of Bitcoin and how volatile its valuation can be or any of the other virtual currencies that most people don\\u2019t use. Today, Facebook is expected to unveil its own cryptocurrency with the goal of making it more mainstream. It\\u2019s valuation will be pegged to government currencies like the US dollar to make it more stable. It will initially be targeted toward developing countries where banks are less available and trusted. ABC's Cheri Preston takes a look with Tony."