According to WGME, Facebook is planning to release its own currency.

With over 2 billion global users, there is no doubt that Facebook is the king of social media.  Now the company, headed by Mark Zuckerberg, is developing their own type of digital currency.

The currency, called Libra, is being developed with Facebook partners PayPal, Uber, Spotify, Visa and Mastercard.

Some of the goals of Libra include the ability to send cash across borders without incurring the fees you'd have from normal wire transfers and driving more people to purchase from Facebook ads.

Libra should launch sometime in the next six to twelve months.

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