Facebook just announced a new type of currency with the goal of becoming a global coin used not only on its platform but everywhere.

Could libra coin become the first global currency, or will the people stay away from being monitored even more?

In this article we’re looking to understand the potential of this project and the kind of impact it could have on economies and on your personal data.

Introduction
Less than 72 hour ago, Facebook CEO, Mark Zuckerberg announced what could be the biggest play in fintech and crypto the world has seen, at least since Bitcoin went mainstream. Fintech stands for financial technology and you’re probably familiar with cryptocurrencies by now. This builds on this fast growing industry.

The project is called LIBRA Coin and it’s a new form of money, which you’ll be able to use on the Facebook platform meaning, Facebook marketplace, messenger, Instagram and whatsapp, as well as paying with it in the real world with very little fees. They’re positioning it not as an investment asset, meaning you don’t buy it because it will go up in value, but as a medium of exchange.

How a Global Currency Would Work
This is the first big global play since the invention of the internet and the services that sprung because of.........

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https://dboi9aija./2020/08/17/facebook-just-launched-libra-coin-but-what-does-this-mean/