Facebook is global social networking site. It can be a free member. It is owned by Facebook Inc. Users can add friends, send messaging and update their personal information, as well as connect to a user city, workplace, school and region-wide network. The website has been named after a book provided by the university administration to mark the best known among the students at the beginning of the academic year.
Facebook is also a popular social media platform. The company has already announced the launch of a new digital currency market in association with several companies. The company's CEO Mark Zuckerberg recently revealed this on his Facebook status. Like digital currency Bitcoin, Facebook's currency is called 'Libra'. According to the latest data, Facebook will launch online currency management in the next 6 to 12 months. Digital technology experts believe Facebook has taken the initiative to launch 'Libra', a digital e-commerce and advertising based platform.
Many researchers who study digital currency say that Facebook's new currency is more like a fiat currency than cryptocurrency. Piatt currency is a type of value-added service that you can buy or convert with the traditional currency. Facebook's new currency Libra can be bought at a fixed exchange rate with the traditional currency which can be sent later for other services or to someone else. In this case, the medium will be Facebook.
