The giant that gave birth to the era of social media is now all set to rock our finances.
Yes, we are talking about Facebook and its new born child Libra. Let’s dig in and find everything about Facebook’s CryptoCurrency Libra!
On June 18, 2019, Facebook’s CEO and co-founder, Mark Zuckerberg, announced its plans to launch its own digital cryptocurrency called Libra in the year 2020. Facebook has been working on developing Libra for over a year now and it really made it big. The support it received from some of the most famous brands in finances, technology and retail market is the proof.
The new innovation threatens to change the scenes of banking and is as of now the subject of scrutiny. The objective of Facebook behind developing Libra with a consortium of 27 partners is to make a new global currency and the foundation for a new universe of financial services.
While that’s said as per the Facebook’s whitepaper, let us see what exactly is Libra and what will you be able to do with it – only if things go in favor of this new innovation. Here are the answers to the big questions that might come to mind while thinking about Libra, its benefits and consequences.
