American social media giant Facebook has announced a digital currency called Libra on the 18th of June. It is a cryptocurrency that aims at allowing billions of Facebook users to make transactions globally. Libra is expected to debut in the year 2020 alongside a blockchain network supporting it. The company also introduced its newest subsidiary called Calibra, which is a payments interface that will leverage the various assets of Facebook like Messenger and WhatsApp. 

As mentioned above, Libra is the latest cryptocurrency backed by Facebook. The company believes it will be used for money transfer between people in developing countries; who do not have [...]