Libra: Cryptocurrency By Facebook (In 5 Minutes)

With the advancements in technology, our day to day life has changed in several ways the world has become very small as people have various platforms to interact with others via sending texts, pictures, documents, etc.

 

To make money transfer painless like sending messages and images, renowned social media biggie Facebook came up with a proposal of making money universal, safe and constant by shaping a platform where people all around the world will have access to equal financial opportunities laid a path for the invention of Libra.

 

Libra mission

 

The motive and vision hidden behind designing Libra was to foster a currency that has the capability to bring people together under the same financial roof and improve the living of unbanked people.

 

Libra reserve

 

Most of the cryptocurrencies present in the market don’t even have any constant assets to support them. Hearing to all these speculations and investments as a first use case, people bought these coins in huge numbers hoping that their value might increase at the time of resale.

 

To hold everyone’s attention, Libra is designed to be a currency where common

people will also understand the value of Libra today and what it’s going to be in the future.

 

The Libra Blockchain

 

The Libra Blockchain is a programmable and decentralized database developed to support a more constant cryptocurrency that will have the potential to serve as a well-organized channel of exchange for billions of people all around the world.

 

The Libra Association

 

Libra is a self-reliant association, this organization does not work for profits and runs with a mission to improve the lives of billions of people across the globe by providing them a global currency and financial infrastructure.

 

For more information, please visit Mrbtc.org