Facebook came with its online currency, this is a blow to the company of Bitcoin

The most popular Facebook network has announced its new online currency (Cryptocurrency) which will be used to buy various products on the web.



According to the WSJ web site, Facebook has now begun to set standards for banking advertising to prepare for the project.

The project named ra Project Libra ’is expected to start next year and this will help users to purchase, serve and receive.

The WSJ network has reported that Facebook has started conversations with Mastrercard and Visa Inc.. to help them improve the value of the currency.

The advent is a blow to the famous coin company of Bitcoin which every day its value depreciates.

All Bitcoin ads on Facebook have now been removed so that the network can start commercializing.