The co-founder of Facebook is planning to launch Libra, a digital coin owned by Facebook, in 2020. Libra is a “stablecoin” cryptocurrency, meaning it’s backed by fiat or paper currency. This has caused a lot of people to express concern that Libra could end up compromising the world’s fiat currencies.
Mark Zuckerberg has been a huge supporter of blockchain technology and cryptocurrencies since 2018. According to Zuck, the blockchain technology behind Bitcoin could improve how Facebook works in future.