Libra the Facebook cryptocurrency

Libra the Facebook cryptocurrency

Facebook's cryptocurrency Libra will allow you to send payments via Facebook.Whatsapp o Messenger with minimal cost of transitions.

Things

It was born as a currency potentially accepted all over the world thanks to a greater user base than any other cryptocurrency.

Stablecoin

It will have a value tied to that of the dollar.

It will be possible to establish thanks to a low volatility asset.

thanks to the easy use via Facebook, Messenger and Whatsapp, will facilitate the exchange of money also through social platforms.

Permissioned

Exchanges will only be valid after approval by central hubs.

It will therefore be different from bitcoin, less free and more controlled.

Libra Association

Libra Association is a non-profit organization based in Geneva.

There are 29 Facebook partners in this project.

Among the most important are: Mastercard, Paypal, Visa, Uber, Spotify, eBay and Vodafone.

How much is it worth?

It defaults to dollar value.

Then the Euro/Libra exchange rate can be calculated.

Calibrate

Calibra is the division of Facebook dedicated to work.

It should manage the digital wallet; which will be used to receive, initiate, and store your money denominated in this cryptocurrency.

Calibra's digital wallet will be used to receive, send, and store your value expressed in Libra. Details are still unclear, but Facebook explains that the intention is to enable instant money transfers (like sending a message or sharing a post) and at minimal ("low or no") costs. The wallet will be accessible from virtually any smartphone, also because Calibra's goals include maximizing access to credit, even outside of banking and credit systems, especially in developing countries.