Libra: Cryptocurrency By Facebook [Infographics]

Libra is a very promising initiative that is going to bring financial systems to a new level. It is aimed at fast and secure money transactions for everyone around the globe. It may be a start of Global economy with the same financial opportunities for everyone.

Basics about Libra

Libra cryptocurrency is powered by Libra Blockchain that underlines the high-security level of the system. The project is controlled by Swiss fund and the consortium of companies led by Facebook. It is backed by a Libra Reserve and is supported by assets in 4 major currencies: USD, EUR, JPY and GBP.

Libra project is governed by the independent Libra Association tasked with evolving the ecosystem. All in all, Libra cryptocurrency has ambitions to become a global currency and take a permanent state in the daily life of all the people.

Over the next 18 months, Libra coin will become a part of Facebook’s ecosystem with through its corresponding mobile wallet – Calibra, a means to sending payments around the globe as easy as it is to send a text. It means that it will cover all the audience of projects (about 2.5 billion users).

All in all, Libra has all the chances to create a new cryptocurrency paradigm, enabling for stable, secure, scalable and fast payment transactions from any corner of the world.

Look through the main features of Libra project in the infographics developed by MrBTC.org. Keep up to date with the latest innovations in an easy way.

Author Natallia Maksimenko

Having deep expertise in intercultural communications, Natallia is fond of foreign languages and cultures. She strongly believes that people should continually develop to stay on track, that's why she permanently widens her knowledge in various spheres. Currently, Natallia is fully immersed in crypto, blockchain and financial techs.