Facebook Steps in the Cryptocurrency-Launching its own currency-Libra by 2020
Facebook has finally discovered plans for a cryptocurrency referred to as Libra, one in all the worst-kept secrets within the history of virtual cash. On June 18, The Biggest Social media Facebook has released its long-awaited white paper for cryptocurrency and blockchain-based financial infrastructure projects. Libra, the new cryptocurrency will launch soon in next year and will be known as a stablecoin-Called Libra, the new currency will launch as soon as next year and be what’s known as a stablecoin — a digital currency that is supported by established government-backed currencies and securities. The objective is to avoid fluctuation in values. Libra will be used on facebook owns apps like Whatsapp, Messenger, and other standalone apps. This new digital currency will be linked to a basket of other top currencies like the US dollar and euro and as compared to other currency it will be cheaper and easier to transmit money. As per the latest news the currency plan to laun