Facebook’s Push to Digital Currency

Facebook recently announced that they will be launching a digital currency named Libra. Libra is expected to launch sometime early next year and is designed to be simple to use. The way it works is it will require you to purchase Libra coins utilizing your local currency through wallet applications. From there, you will be able to use the Libra coins, mainly for online shopping along with any other purchases made through online mobile applications. One of the main upsides to utilizing Libra coins to make purchases is the low processing fees along with the seamless transaction of currency between users and brands.


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