Cryptocurrency is on its way for Facebook as the company has launched. It’s highly anticipated digital currency project. Mark Zuckerberg, the founder of Facebook, said that he wants to make sending money as simple as sending photos last year. So from his statement, it was clear that he is going to launch the cryptocurrency project soon. On this Tuesday, the company has declared the project with the name Libra. The association related to this project is also coming into existence and called a Libra association. It will manage the currency and Calibra. It will also build applications associated with the new digital currency.
Facebook is known as the world’s biggest social network. Its unveiling of virtual money is going to create history next year. This project will give a fierce competition to the bitcoin, which exists now and only virtual money project in action. Facebook has more than 2 billion users. This association with users and the company will be beneficial for the project. On the other hand, the company is having various regulatory and mishandling of data issues all over the world. But still, the company is making it’s best to get in touch and reach their users.