The Facebook has announced about its launch on the global digital currency by first half of the 2020 and this currency will be named as Libra. The Libra will be run by the Libra Association, which is a Geneva-based entity and it has over two dozen of founding partners which includes Facebook, Uber, MasterCard, Visa, along with the Vodafone group. Many concerns are being raised by few of the lawmakers, commentators along with the co-founder of Facebook, Chris Hughes, who is now the foremost critics of the social media network on which he has helped to create it.
Facebook today is one of the best social media platforms today. This platform is connecting millions of people. If you observe social media platform usually plays a vital role in every transaction people will have. Facebook announces that there will be a launching of cryptocurrency by the first quarter of next year. It supposes to extend affordable and secure payments without the requirement for a bank account. Facebook continues to launch its own cryptocurrency, for the convenience of the people, it will be named as GlobalCoin. Most consumers will able to Buy GlobalCoin by 2020.