Facebook going to launch own CryptoCurrency

Facebook big social network giant going to launch their own CryptoCurrency on coming the year 2020. A lot of cryptocurrency money available now Facebook planning to launch its own cryptocurrency it names it called Libra Facebook describes as “a new global currency powered by blockchain technology”.

Libra will be stored in a digital wallet called Calibra, which will be “available in Messenger, WhatsApp and as a standalone app”.

Libra would allow you to send money to “almost anyone with a smartphone” quickly and at “low to no cost”. Over time, Facebook hopes you’ll be able to use Libra to pay for other products and services, just as you would with Google Pay and Apple Pay.

Libra isn’t all about Facebook. Instead, the Libra Association will oversee the digital currency independent of Facebook. Members of the Libra Association include Visa, Mastercard, PayPal, eBay, Uber, Spotify, and a host of venture capital firms.

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