Facebook unveils it's planning to introduce cryptocurrency named as "libra" as Digital money. Facebook likes to launch in the next year 2020 nearly mid of the year with the help of its financial subsidiary Calibra network. Facebook experts say that unlike bitcoin new digital currency by Facebook is more powerful and trustworthy which is government approved to do business in Euros, dollars.
Calibra association network already has the most trusted networks of PayPal, MasterCard, Visa, American Express, etc.
According to sources, Facebook is invested more than $10million to develop this project. this ambitious project of Facebook brings more rewards and discount for a business who choose the libra currency for exchanges. there will be some upper limit of the amount of money in Spain of time.
According to Facebook experts, Facebook wants to spread libra to every person, student or businessman who have a bank account or still lacks back account so that businessman can do business through libra credit cards, exchanges and students can transect their small needs from their libra wallets.
Facebook business upcoming planned has been threatening the financial authority and banking system
