The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

PayPal President Dan Schulman has confirmed that Facebook's cryptocurrency Libra will launch in early 2020, confirming that the company is one of the participants in the new project.

According to a report by Brazilian media Valor today, Schulman said that he believes Libra will be a stable and inclusive alternative to the current financial system because blockchain technology can allow more people to participate.

In an interview with the media, he pointed out that PayPal operates in compliance with regulatory requirements and has spent hundreds of millions of dollars on compliance and risk management since he took office.

“When they talked to us about Libra, it became clear to me that using blockchain opens up a path for us to help achieve our mission of serving the unbanked.”

Schulman also said that more than 2 billion people are currently excluded from the financial system, and this number does not include those who do not receive adequate financial services. According to reports, in the United States alone, 70 million people spend about 10% of their available income on financial services such as ATM withdrawals and transactions.

He added that Americans spent more than $140 billion in the above areas last year. This means that using cryptocurrencies allows those who need funds to save their money instead of spending it on these services.

Facebook's Libra is a cryptocurrency that can be used across the social network ecosystem including Facebook, WhatsApp and Instagram to provide financial services to its nearly 2 billion users.

Federico Schumacher, general manager of PayPal Brazil and Mexico, also said that Libra can prove that cryptocurrency can be a payment method rather than an investment.

“We have seen many technologically advanced cryptocurrencies being used as investments rather than as currencies.”

It is worth noting that Facebook earlier stated in a document submitted to the U.S. Securities and Exchange Commission (SEC) that it may delay or even never launch Libra due to awareness of global regulatory scrutiny of Libra. Now the views of PayPal president seem to overturn this view.

In addition to Facebook, more and more industry giants are beginning to take notice of the potential of cryptocurrency and blockchain. On Friday, Walmart revealed in a patent application that it is working on a stablecoin that can be used in internal stores, similar to Libra.