Facebook is also launching the cryptocurrency business with “Libra”. The company proposes to be able to send money through messaging applications like Messenger or WhatsApp that belong to them. Users could also purchase products from partner companies. This could affect up to 1.7 billion people worldwide.
The US Congress has been reluctant about this innovation. “Perhaps you believe yourself above the law, it seems that you are aggressively increasing the size of your business.We have serious doubts about your global digital money project that could hurt the US dollar. “asks Maxine Waters, Democratic Member of the US Congress. Facebook will also have to explain if there will be a clear separation between the financial and personal data of their users.