A lot of virtual currency (cryptocurrency) like bitcoin, coinbase and more. Facebook is trying to mainstream payments with its virtual currency (cryptocurrency). The company wants to bring in new virtual currency in collaboration with government and financial sector giants. As of now, facbook has not confirmed the name of this virtual currency, the world's largest social networking company will be told on Tuesday the details of a virtual currency that it will offer next year. Facbook has already been prepared for this
The company believes that this new virtual currency will avoid the fluctuations in blockchain technology based currencies like bitcoin, coinbase. After the arrival of this currency, the level of currency like bitcoin will remain the same, according to the Wall Street Journal, Facebook is forming an alliance 'Libra'. It is expected to involve more than a dozen companies such as Visa, MasterCard, PayPal and Uber. It is said that these companies will invest $ 10 million in this alliance with venture capitalists and telecom companies. Some believe that the name of this vertual currency will be book coin.
