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Libra: Cryptocurrency By Facebook (In 5 Minutes)

on Libra: Cryptocurrency By Facebook (In 5 Minutes)

According to stats, the percentage of unbanked is growing every year. We all know that transferring money was never an easy task, sometimes the sluggishness irritates you and sometimes heavy transactioncharges.

To solve all these issues Facebook has finally taken an initiative and launched a global digital currency called Libra. It is developed using blockchain technology.

Facebook has said that Libra will make wonders in the field of digital transactions and all these transactions cost nearly zero or very minimal.

Libra can be used to pay digitally for goods and services and also to transfer funds.

There are so many countries that have not opted for cryptocurrencies, but with the kind of features, Libra offers it will definitely become a global currency.

Libra has the ability to bring the whole world under a single roof to make payments and conduct cash transactions online. It can create revenue opportunities in the trading sector also.

Librahas succeeded in bringing all the central bankers, financial regulators, and investors together in building a digital planet.

The Libra blockchain is an opensource technology, which completely gains control over the transactions occurs in it.

The value of Libra is stable as it is backed by a reserve. Every single Libra coin is backed by a collection of stable liquid assets and cope up with a group of exchanges and other liquidity providers.

To get detailed information on Libra, please check the following infographic developed by Karthik at. Also, please let us know your thoughts on it.

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