Gap Fill - Libra Crypto-currency - Level 5


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   access      backing      bank      basket      currency      details      difference      engagement      fees      fluctuations      fortunes      initiatives      lucrative      millions      new      one      payments      plan      stable      streams  
Facebook is expected to unveil of an ambitious to create a new global crypto-currency. A white paper outlines the plan for the global currency. It will be the social network site's entry into the financial services market. The is called Libra. It is aimed at the of people around the world who have no account. Libra will let people send and receive anywhere in the world with very low . The banking will be done online via Facebook-owned apps. The 2.7 billion users of Facebook and WhatsApp will have to Libra.

Analysts say Libra is like the Bitcoin crypto-currency. A big is that Libra will be more . It will avoid the huge in value that Bitcoin experiences. Libra will be backed up by a of major currencies, including the dollar. It will also have the of multi-national companies like Mastercard and PayPal. Libra could revitalize Facebook's . A finance company said: "We believe [Libra] may prove to be of the most important in the history of the company, to unlock new and [generate new] revenue ."

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