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the news: Facebook is launching the "Cryptocurrency" in 2020

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the news: Facebook is launching the "Cryptocurrency" in 2020

The News Facebook is launching the "Cryptocurrency" in 2020, Facebook's social network, Facebook, officially announced the Cryptocurrency platform called Calibra. 

The first official Cryptocurrency currency for this new platform is Libra IE ie the Official Cryptocurrency for Facebook.

Both, Calibra Cryptocurrency Platform and Libra Cryptocurrency will be launched together next year 2020. Unlike Bitcoin, the new Libra Cryptocurrency will be backed up by a reserve of assets.

If we talk about future planning, the Libra Cryptocurrency will be used in both Internet and offline services. This means that you can buy things and can make online payment through this currency on the web.

The Facebook administrator has revealed everything about Cryptocurrency Platform and Cryptocurrency with their layout and availability in the future.

Libra Cryptocurrency will be launched for the first time in developed countries. Initially, this currency will be available to people who can transfer money through this platform from one account to another. 

This will be a great step for people who do not have a bank account for local banks. They can easily use this platform to send and receive money immediately.

Facebook is investing huge money in developing this new cryptocurrency system as a global hub just like the US dollar. 

After success in developed countries, the same platform and currency will be provided to developing countries as well. However, the spokesman did not disclose anything about himself.

In the future, the balance will become an internationally accepted currency for any type of online transaction. You'll be able to buy anything or send money through the same platform to anyone else's account. 

The Statute will be accepted worldwide and will face no obstacles to the transfer and receipt of funds even in the international sphere.

The same platform and currency will support the full range of financial products that include credit, banking, loans, etc. 

You will not be required to have a bank account to pay off your loans etc., you can pay off your loan or deposit money without having to bank account.

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the news: Facebook is launching the "Cryptocurrency" in 2020

To achieve this, the company has established a non-profit Libra association with 27 partners. 

The platform is still in development mode and will be officially launched in 2020.

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