I’m sure that you had listened about Bitcoin or cryptocurrency but now I’m going to tell you something that Facebook is going to release its cryptocurrency which owns a name “LIBRA” yes this is a Facebook cryptocurrency that is going to release soon as possible.



 Facebook has started this project almost 1.5 years ago and now Facebook is ready to launch this project. This is the future now the rate of dollar decrease. The Rate of one Bitcoin is almost 200,000 Pakistani Rupees. We know the value of a cryptocurrency and we also know that bitcoin is banned in Pakistan.



Now the good news here is that we are waiting for PayPal but Facebook Crypto Currency solves this problem. You remember that Facebook buys WhatsApp for $19 billion and we know that WhatsApp not generating any revenue.




Facebook will use WhatsApp for the transaction of its CryptoCurrency. We use WhatsApp almost every day and we also see a message in every chat which tell us about end-to-end encryption, That’s the point Facebook tells us that our transaction are safe and end-to-end encrypted.

 

 

Facebook currency libra

 

 

Firstly, I start from PayPal because we want PayPal in our country so our freelancers makes more money etc but now the father of Paypal is coming. The total users of Paypal is 305 million but another hand the monthly active users of Facebook is almost 2.7 billion.



Imagine that what if Facebook becomes Paypal means if Facebook copies the whole system and a network of Paypal and also uses its own currency “Libra”. This currency is actually CryptoCurrency like Bitcoin but it is not a decentralized currency because Facebook owns it.



Facebook buy Whatsapp for $19 Billion when Whatsapp has 1 billion users. Facebook Pays $19 for every user to Whatsapp, even Whatsapp does not generate any type of revenue. So there was a long term planning of Facebook. Now simply Facebook installs a payment option on Whatsapp. Facebook also launched this in India and Brazil a few weeks ago for testing.



Remember A few years ago Whatsapp put messages of end-to-end encryption on every chat when all its users become happy so now we come to know why Whatsapp has done it.



They test that pear-to-pear connection and now they have done it. So coming years are of Facebook because it will release its currency soon and almost 50% of the world population is on Facebook. 



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Now Facebook will give every user almost $5 or $10 and say to use it. They will give every user equally for trial. Facebook will spend almost $15 billion which is noting for Facebook just because for testing of people and value of Facebook is almost $750 billion.



The users of $ are almost 400 million and users of € is almost 700 million but monthly active users of Facebook are 2.7 billion.



Because of Libra, we receive more payments through it as we know that there are many restrictions on us as Pakistani but because of it, payment has become easier for freelancers. The biggest companies will request Facebook to get API for their websites.

 

Now this is the biggest opportunity for us, the doors of the new world will open soon.

I hope this helps you or educate you if you like it please share only with your friends and tell them to share....



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