Libra: Cryptocurrency by Facebook (in 5 Minutes)

July 11, 2019

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Libra is a cryptocurrency developed by renowned social media colossal Facebook, with a vision to offer a global currency that works for everyone without any inequity and to make sending money as easy as sending a text message or picture.

Libra is built on blockchain technology for security. It is a decentralized, programmable database oriented to carry a stable cryptocurrency that has the capability to act as an effective medium of transaction for billions of people all over the world.

Pending regulatory approval, Libra will be accessible by using a basic smartphone and data connection. With Libra, transactions are expected to be swift and smooth without any disruptions. It will be backed by a reserve with stable liquid assets.

Check out the following infographic on Libra.

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