Nearly a month ago Facebook announced to launch its own cryptocurrency by 2020 named “Libra”. This has been a revolutionary declaration where the world leaders can’t resist passing a move. Only time can reveal the enfolds of this project but let us have a glimpse of all that we know now.
What is Facebook targeting with Libra
The latest revelation has made it clear that Facebook wants to reach out to maximize people even without the facilitation of bank access and thus Libra came to surface. This digital Cryptocurrency or an accomplice of Bitcoin Superstar will roll out on floors by 2020 giving access to billions of users globally.
Libra is speculated to have
Being said to be a technologically efficient cryptocurrency, Libra is estimated to have the below mentioned features or services with its services-
The primary goal of this technology is to develop of general global currency which is accessible by everyone.
It will utilize the blockchain platform and developed by the programming language.
Libra will be independent where Facebook will not have any sort of privileges concerning it.
Facebook users will get easy access to this Cryptocurrency.
David Marcus is also an important personality with Facebook is all the way up for Libra.
Before you create castles in the air it is advised to have an understanding with the hard comings on the way. Law is still in the midst of giving second thoughts to the legalization of digital currency as the world is adapting to it very slowly. Along with it, a tweet made by US President Donald Trump’s clear deniability can be a clear signal if it will never see the sun. But considering the good sites on forefront if Libra came into existence the online exchange will be facilitated like never before.