Everything You Need to Know About Facebook’s Libra Project

Currency happens to be the lifeblood of the global economic system. It is the pivot around which wheels of economic activities spin; however, with the emergence of the capitalist economy, the money power tends to be possessed only by a few ones. The inequality in the distribution of wealth is one of the primary concerns of economists and along with its social-economic implications, researchers are worried about the long-term impact of rising economic inequality among social classes.

Digital Coins: A Credible Alternative

Cryptocurrency has presented itself as a credible alternative to the fiat currencies, and thanks to their digital nature, these currencies are finding favor with new-age generation. Bitcoin, ethereum, and Litecoin are some of the popular cryptocurrencies available in the market, and now joining the list is the Libra cryptocurrency from the house of the biggest social-networking site, the Facebook. Libra aims to provide a global financial infrastructure that will help…