CURRENT AFFAIRS

Detailed explanation-1: -Facebook’s Libra cryptocurrency to launch in January 2021.

Detailed explanation-2: -Facebook’s digital currency project, formerly known as Libra, plans to launch a US dollar-backed stablecoin around the end of this quarter, per Coindesk. It will be issued via a blockchain-based payment system governed by the Diem Association, which last touted it would launch in January 2021, per TechCrunch.

Detailed explanation-3: -Developed by Meta Financial Technologies, the Zuck Buck would serve as an in-app token, controlled by Meta. This is similar to other tokens that gamers have been long using. The Zuck token can be a tradable asset or used to purchase things on his various social media platforms.