Facebook launches Libra Networks

Facebook is a stakeholder of the company.
Facebook will be apparently launching its ‘Facebook Coin’ in Asia.

Rajarshi Mitra Independent Analyst

Facebook has recently launched a new Fintech Startup called the Libra Networks in Switzerland to aid its developing cryptocurrency payments plan. The company, based in Geneva, was set up to develop financial and technology services and provide related infrastructure and software. According to the firm, Facebook is a stakeholder of the company.

“Project Libra” includes a stablecoin pegged to a basket of different foreign currencies, rather than just the US dollar. The service will enable WhatsApp users to send money to one another. US Senators has reportedly asked Facebook CEO Mark Zuckerberg to disclose more information on the project. Apparently, Facebook has been researching cryptocurrencies for over a year now.

The New York Times revealed that the service will be functional over the WhatsApp network and over 50 engineers are employed for this project. The company is working to connect its encrypted mobile-messaging apps with Instagram to extend the reach of its cryptocurrency to over 2.7 billion global users. Facebook may be initially launching its “Facebook Coin” in India since it has 200 million WhatsApp users.

Author

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

Aster Price Forecast: Demand sparks on Binance Wallet partnership for on-chain perpetuals

Aster is up roughly 9% so far on Thursday, hinting at the breakout of a crucial resistance level. Aster partners up with Binance wallet for the second season of the on-chain perpetuals challenge.

Crypto Today: Ethereum, XRP hold baseline support as Bitcoin struggles to find upside strength

Bitcoin hovers around $67,000, weighed down by risk-off sentiment as reflected by ETF outflows. Ethereum steadies toward the $2,000 psychological threshold despite fading institutional support.

Bitcoin Price Forecast: BTC stalls near $67,300 resistance as downside risks linger

Bitcoin (BTC) price is steadying at $67,000 on Thursday and faces resistance near the previously broken lower consolidation boundary at $67,300, signaling potential downside risk ahead.

LayerZero Price Forecast: ZRO steadies as markets digest Zero blockchain announcement

LayerZero (ZRO) trades above $2.00 at press time on Thursday, holding steady after a 17% rebound the previous day, which aligned with the public announcement of the Zero blockchain and Cathie Wood joining the advisory board.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: The worst may be behind us

Bitcoin (BTC) price recovers slightly, trading at $65,000 at the time of writing on Friday, after reaching a low of $60,000 during the early Asian trading session. The Crypto King remained under pressure so far this week, posting three consecutive weeks of losses exceeding 30%.