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Facebook has been in the news for many reasons this year having been involved in a number of scandals such as the Cambridge Analytica Controversy, retention of deleted video files, proliferation of fake news and russian meddling in US elections. Nonetheless, this time, Facebook is introducing (yet again) a new product called Libra that is potentially (considering their reach and registered users) going to revolutionise the Cryptocurrency market. Libra (as it is called) was created with a mission to become a single, global currency and financial infrastructure that empowers billions of people. Libra is built on a secure, scalable, and reliable blockchain, backed by a reserve of assets that help keep its value stable and governed by the independent Libra Association, tasked with evolving the ecosystem! Libra is a global, digitally native, reserve-backed cryptocurrency built on the foundation of blockchain technology. People will be able to send, receive, spend, and secure their money,…