After Uber, PayPal MasterCard and Visa- Facebook to Launch Cryptocurrency


Facebook being the world’s largest social media platform has more than 2 billion users worldwide. After playing on such a large scale, Facebook is now ready to launch its Cryptocurrency- Libra, which the users can use by sending digital coins to one another to purchase on Facebook and the internet.

What is the reason behind launching a new Cryptocurrency?

Facebook has been planning to develop a stable coin that is a digital currency attached to the money issued by the government, to reduce its unpredictability. Its price will remain stable, so it is also called a stable price currency.  It plans to have the currency in 12 countries by the year 2020. Libra association is an autonomous group that will govern the new digital coin, and it intends to remain autonomous of the parent company Facebook Inc. It is decided that none of the group members will have any control over the currency and that they are only limited to verify the transactions and maintain the records of the cryptocurrency chain. ---------


Blockchain Technology

Is Blockchain a Boon to Mobile App Development in Tech World?

mobile app development

Blockchain has come into the limelight after its first design of Bitcoin Cryptocurrency in 2008. Blockchain created digital ledgers to keep an account of all transactions distributed all around the network. It allows all the members of blockchain spread around the network to have the view of the transaction and contracts that are committed securely between two parties. Its unique problem-solving features are making the leading fields of industries adopt it to channelize their businesses. Blockchain app development companies have begun to deliver blockchain development services to many areas like health, banks, media, education. The technology is used in many websites and mobile applications to increase performance by all means. ---------