Libra
Facebook has announced the launch of its own cryptocurrency, Libra. The digital coin was launched as an alternative to the traditional financial services for many people around the world. Many people are fearing that Libra is going to threaten the government-backed currencies and consumer privacy. With this book, you will get a hold of an incredibly comprehensive resource to know more about Libra and its differences from other cryptocurrencies. It also stresses on the reasons as to why Libra will be a success.
Facebook, with the introduction of Libra, is presumed to be a leader in the global financial system.
Libra is nothing but a digital coin anchored with the same block chain technology as that of bitcoin and ethereum.
It is a virtual currency which is backed by companies like Mastercard, Visa and Uber, although it is not backed by any bank.
The currency and the digital wallet gets governed by the Libra Association, a not-for-profit organization of businesses, academic institutions and other not for profit organizations.
The Libra Reserve will contain the money the users put into it and the assets through which the values are derived.
Through this book, you'll learn: