Shibi Satheesh
Recently, Facebook has launched a digital currency name Libra which it plans to roll it out in 2020.
Facebook says Libra is a “global currency and financial infrastructure”. It intends for the new crypto currency to be a substitute for paper money and even credit cards. It wants people to use it to transfer money to friends or family, pay merchants for services, and the crypto currency to be used as a replacement for cash in under banked areas. Through Libra, Facebook wants to enable smoother transactions and payments online, particularly among those who do not own credit cards or bank accounts.
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