The internet era is mostly mold into digital money, to move with time social platform Facebook reveals its own digital currency called ‘Libra’ to launch in 2020.
The open sourced Libra currency builds on blockchain platform that lets people to buy belongings or send money without having any penny of fees. Moreover, the new Facebook payment method protects user privacy that’s the decisive goal of Mark Zuckerberg.
Furthermore, Facebook wants to make Libra the evolution of PayPal. In the upcoming year, the platform permit user’s to directly transfer money via Facebook and Whatsapp.
Considering this, we all hope that the new cryptocurrency Libra in all probability will become simpler to set up, universal as a payment method, easier to get to the unbanked and enduring through decentralization.
Keeping in line, the Libra’s mission is to set up a worldwide currency and legitimize billions of people to access easily will not be like the existing cryptocurrencies like Bitcoin and Ethereum that weren’t properly engineered to scale to be a medium of exchange.