Facebook libra cryptocurrency explained will discuss Libra Cryptocurrency, a cryptocurrency that Facebook and The Libra Association are pioneering to change the way we think about and use money.
The unit of currency is called Libra. The aim is to make Libra as widely accepted and as easy to use as possible, to create a currency that people can use with confidence and convenience in their everyday lives.
The Libra White Paper provides more in-depth information about the currency and the proposed intentions. The white paper outlines in detail the Libra Currency, Calibra Wallet, Blockchain, The Libra Reserve, The Libra Association and the potential future use of the cryptocurrency.
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Video Breakdown:
What is Facebook Libra Cryptocurrency: 0:29
Calibra Digital Wallet: 1:06
The Libra Association: 1:58
Target Audience: 2:27
Competition: 3:58
Privacy Concerns: 6:12
So What’s The Big Deal: 7:13
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Article Breakdown:
Libra’s designed as a digital currency projected to be the new form of money. The main objective of Libra is to become the world’s singular medium of exchange, granting individuals across the globe the ability to transact in a matter of seconds.
The Calibra Digital Wallet will allow you to send, spend or receive Libra Coins.
The Libra Association is the governing body that will administer the Libra cryptocurrency. The Libra Association is an independent, not-for-profit membership organization, headquartered in Geneva, Switzerland.
The target audiences of the Libra cryptocurrency include smartphone users, developing countries, businesses, the unbanked and the under-banked.
The Libra will be subject to fierce competition coming from governments, the federal reserve, banks and other financial institutions, and other forms of cryptocurrency like Bitcoin, Litecoin, Ethereum, and Ripple.
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