Libra: Cryptocurrency By Facebook (In 5 Minutes}

Libra is a cryptocurrency developed on blockchain technology. It is launched by the most popular social media giant Facebook. The main motto behind shaping Libra is to empower millions of unbanked and underbanked people by giving them equal financial opportunities and to bring everyone on to a single financial platform.   Libra, will help you in faster and quicker transactions, one can experience the lightning transaction with minimal or no charges. You can sit in your home and transfer money to another person who is in the other part of…

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Facebook’s Libra digital coin aims to massively increase crypto adoption

Facebook-led Libra Association has finally announced details of the Libra project. Our key impression is that Libra will act as a major catalyst for the crypto sector helping massive adoption of digital payments and cross-border remittance tools.   The digital currency presented by Facebook will be nothing close to a truly decentralized solution, let alone community-run one. It will be heavily centralized and will employ corporation-type management style. From what we read, Facebook intends to create something largely based on the US dollar.   Despite the fact that they are…

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Facebook announces the launch of Libra Cryptocurrency – Blockchain and Crypto Experts weigh in

Facebook has announced the launch of its Calibra wallet that is backed by the Libra Association, an independent consortium with members such as Visa, Mastercard, Stripe and Coinbase.   The association will independently govern and oversee Calibra’s bespoke cryptocurrency, Libra—with the digital coin imagined to further a global financial system, this historically marks the social media giant’s boldest foray into the financial services industry.     Facebook released its white paper explaining Libra and its testnet for the blockchain system before a public launch in the first half of 2020.…

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