Facebook finally on Tuesday unveiled its interest in blockchain. It announced its cryptocurrency Libra that it will roll out in 2020 reshaping entertainment industry, or at least influence the advancements already occurring. The currency will be a stable coin just like Dollar, and Dinar, which means that it will not fluctuate as Ethereum and others in terms of volatility. Moreover, it will also be backed by a reserve of asset, and you will be able to use it one day, one of the Facebook executives say.

The revolutionary currency, based upon the Blockchain model, decentralized and would be used to buy anything from grocery to apps. The technology giant claims that the attempt is to empower 1.7 billion people who are still unbanked.

In short, it will transform the globe massively that has already been in the wave of blockchain and crypto. And, the likelihood exists that online casinos, gaming platforms, and streaming networks would be the first to embrace it. Libra will revolutionize the entertainment and social media industry by making it more decentralized, allowing managers to acquire more secure and feasible solutions. It will make transactions easier by influencing the e-commerce culture vigorously.

How cool it sounds getting a discount on Amazon or eBay by paying from Libra or winning some extra tokens on a specific number of transactions to fulfill your lavish dreams? The Libra will change the landscape eventually by inducing furious competition.

This is not the only way blockchain will abruptly reform the horizon. But, it will also decentralize the entertainment industry by emitting the hassle of intermediaries or middlemen. From content creators to producers, musicians, and photographers, everyone will be able to share their content directly. The direct selling approach will benefit the creators in terms of getting 100% or nearly 100% fee for their work. It will encourage skilled social media entertainers, teenagers and even newbies to earn credits online by showcasing their talent. The best from the talent pool will ultimately make a mark with this approach.

A few platforms are already operating, working on the same principle. Singh app is one of them that allow users to participate in competitions to win for their best pictures and win Singh credits which users can redeem on Amazon.

Blockchain and crypto are enabling everyone to express their inner self. It is an upcoming model that will substitute, or even wipe out, cash in hand with cryptocurrency influencing our work and shopping pattern. The matter of the fact is that emergence of Libra will significantly speed up the evolution process.