In June 2019, Facebook surprised many when it announced its Libra cryptocurrency. Libra, which is managed by the Libra Association, could be used for purchases and Facebook hopes that its price will not move as much as other cryptocurrencies such as bitcoin. “Facebook Logo (2015) light” (Public domain) Libra has the support of several companies, such as Uber, Coinbase and Lyft. This undeniably shows that Facebook feels that cryptocurrency is hugely important, but the company may need to buy a blockchain business for it to really do something big in the industry. Why Facebook May Need to Buy a Company
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