LibraThe truth is: Facebook has announced the launch of its own cryptocurrency, Libra, in the month of June.

The digital coin was launched as an alternative to the traditional financial services for many people around the world. These people basically lack access to banking. Many people are fearing that Libra is going to threaten the government-backed currencies and consumer privacy. 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. This is one such virtual currency which is backed by companies like Mastercard, Visa and Uber. However, it should be kept in mind that this currency is not backed by any bank.

Facebook has also created a subsidiary, Calibra to oversee the functioning of this virtual currency and also the digital wallet that will house it. This wallet will be in-built in the Facebook Messenger and WhatsApp. It will also be available as a stand-alone app. Facebook has around 2.4 billion users all over the world. With the help of this new digital coin, people will be able to save, spend and transfer money without having to pay any fees. Facebook has also ensured that the real identities of the users are kept secret and pseudonyms are used in order to maintain privacy.

DOWNLOAD: Libra, The Cryptocurrency Revolution, How Facebook Crypto Will Change the Global Banking System, Detailed Instructions on How to Use It to Make Payments, Investments, Trading and Differences from Bitcoin.

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. Facebook and other founding members of the Libra Association will earn money from the Libra Reserve. The Libra Reserve will contain the money the users put into it and the assets through which the values are derived.

The goal of the eBook is simple: The eBook is a comprehensive resource to know about Libra and its differences from bitcoin and other cryptocurrencies. It also stresses on the reasons as to why Libra will be a success.

You will also learn:

The Libra and Block chain
The reasons why Libra will be a success
Why Facebook will be the new global bank
How to pay with Libra
Methods on how to invest with Libra
Some key points about Libra
What the Libra sceptics think
Frequently asked questions about Libra

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Libra: The cryptocurrency revolution: How Facebook crypto will change the global banking system, detailed instructions on how - häftad, Engelska, 2019