It’s official. Facebook has announced its very own digital currency Libra. This cryptocurrency is designed to move seamlessly across the multiple messaging services offered by Facebook, enabling users all over the world to store, send and receive money by simply tapping a few buttons on their phones.
Considering the massive user base of Zuckerberg’s company, this long-awaited development has the power to boost cryptocurrency adoption once and for all. But the introduction of Libra could also produce deep changes in the digital payments landscape.