Facebook to launch its digital currency 'Libra' in 2020

Facebook to launch its digital currency ‘Libra’ in 2020

Facebook to launch its digital currency ‘Libra’ in 2020

  • Social Media giant, Facebook has announced that it will launch its digital currency named ‘Libra’ in 2020.

  • The digital wallet subsidiary of Facebook called ‘Calibra’ will launch the blockchain-powered cryptocurrency ‘Libra’.

  • Libra would be in Facebook Messenger, WhatsApp and as a stand-alone app in 2020 and will help people globally who don’t have a bank account but do have a mobile phone.

  • Facebook has tied up with 27 organizations around the world to start the non-profit Libra Association to create the new currency.

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