Libra Crypto by Facebook
Facebook is now joining the crypto industry and hope to launch its own on the first half of 2020. Their cryptocurrency will be called Libra and it hopes to transform the digital economy for the next generation.
Facebook announces that Libra can be send through their Facebook messenger and WhatsApp. In the future their goal is for it to the next digital currency form of payment and financial services will be built around it.
Another announcement of Facebook is that it is on the process in building a subsidiary company called Calibra. Calibra will be focus on the development of the products and services base on Libra. Development will also handle the digital wallet where Libra can be stored.
Facebook is a very big company and its announcement over the crypto world will surely affect Bitcoin and other alt coins. Will it dominate Bitcoin and be a new top player in the future?