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The Facebook's GlobalCoin

The plan is for Facebook's “Project Libra” or “GlobalCoin” to launch by the end of 2020 and offer its own digital currency pegged to a basket of world currencies that is reflective of Facebook’s 2.4 billion global user base - including the US dollar, the Euro, and the yen. Many interpret the move as a bid to follow in the footsteps of so-called “superapps” such as China’s WeChat, that allows users to send money, shop, order taxis, and play games without ever having to leave the one platform.

-Fintech Collective newsletter