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What is Facebook's new Libra coin?

The new coin, dubbed Libra, is a stablecoin of sorts, though it functions much differently than currencies like tether. Additionally, Facebook has built a blockchain to support Libra. Facebook intends for the new cryptocurrency to be a replacement for paper money and even credit cards, in many cases.

Is Facebook launching a digital currency?

However, the company’s most recent announcement that it is launching a digital currency appears to be finally turning the tide for Facebook. The new coin, dubbed Libra, is a stablecoin of sorts, though it functions much differently than currencies like tether. Additionally, Facebook has built a blockchain to support Libra.

Could Facebook's lira coins boost e-commerce & shopping?

But pumping Libra coins into Facebook's app ecosystem could spur an explosion in e-commerce and shopping within its interconnected platforms that only grows as a revenue stream as more companies, merchants, and services sign on and begin accepting Libra as payment.

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