What is Libra?
When we look at the general environment of the digital money world, it has recently deviated slightly from its popularity. People, who are interested in crypto money, usually concentrate on Bitcoin and try to improve temselves in the field of altcoins. Despite all this, the digital money universe could not achieve the expected explosion.
Libra, which is the main title of this article, will take its place soon in order to change this order. The brand new crypto currency Libra, announced by Facebook’s founder Mark Zuckerberg, will be among us soon. But first, let’s get to know Libra.
What is Libra?
Facebook’s digital currency Libra, just like Bitcoin, uses Blockchain technology. If you want more information about Blockchain, you can visit our blog page.
According to Mark Zuckerberg, Libra will be valid as a global currency as well as being a financial infrastructure. Using Blockchain technology Libra, deals with the planned spending on social media platforms, where people use them extensively.
Although Libra’s goal is the expenses made on social media, it is almost certain that Facebook will bring a whole new dimension to the world of crypto money with its large-scale user portfolio reaching billions, such as Instagram and WhatsApp.
Libra can become the monopoly of the digital money world with Paypal, Mastercard, Visa, PayU and Spotify, which are among the giant entities that have already in agreement before entering the market.
Apart from all these wide areas of use, there are also uneasy sides. As to your knowledge, Facebook is a brand that has had a hard time recently due to unauthorized use of data. For this reason, after the incident of unauthorized use of data, there is a big question mark about the reliability of the company on the crypto currency exchange.
When does Libra Launch?
Libra will launch in 2020.
How is Libra Used?
Like all digital currencies, you need to have a virtual wallet. Facebook has introduced its virtual wallet named Calibra. You can find details about Calibra on our blog page.
Investment information, comments and recommendations contained herein are not included in the scope of investment advisory. Therefore, making an investment decision based solely on the information and comments contained herein may not produce results that are in line with your expectations.