Facebook launches cryptocurrency “Libra”

Facebook has announced a digital currency called Libra that will allow its billions of users to make financial transactions across the globe.

Libra is being touted as a means to connect people who do not have access to traditional banking platforms. Technology to make transactions with Libra will be available as a standalone app – as well as on WhatsApp and Facebook Messenger platforms – as early as 2020.

Source: The Guardian

Important Takeaways for IBPS RRB/ RRB NTPC Exams:

  • Facebook Headquarters: California, US, CEO: Mark Zuckerberg

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