Facebook cryptocurrency: what it aims to be, why it has led to concern | Explained News, The Indian Express

Facebook cryptocurrency: what it aims to be, why it has led to concern | Explained News, The Indian Express

Written by Shruti Dhapola |New Delhi |Published: June 20, 2019 12:12:45 pm

Facebook cryptocurrency: what it aims to be, why it has led to concern

While this signals Facebook’s plans to expand into the digital currency market, it has also raised privacy concerns.

Facebook’s plans to expand into the digital currency market. (Source: Bloomberg/File)

There is a new cryptocurrency called Libra, courtesy Facebook which announced on Tuesday that it will be rolled out by 2020. While this signals Facebook’s plans to expand into the digital currency market, it has also raised privacy concerns.