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Facebook’s daring attempt to create a global digital currency that promotes financial inclusion for the unbanked has caused quite a stir in the world!
Libra will allow its billions of users to make financial transactions across the world. The cryptocurrency is being branded as a means to connect people who do not have access to traditional banking platforms.
The currency is being developed by Facebook, but the company intends to share control with a group of organizations, including venture capital firms, credit card companies, and other technology giants.
Facebook intends to release Libra in the first half of 2020.
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