Facebook has released details about Libra, its long-rumored cryptocurrency. The company outlined plans “for a new decentralized blockchain, a low-volatility cryptocurrency, and a smart contract platform that together aim to create a new opportunity for responsible financial services innovation.” The aim is to help people worldwide, especially in developing nations, gain access to a cheaper, more connected global financial system. The Libra cryptocurrency is built on the Libra Blockchain, which uses open source software.
Loading ...
Facebook’s Libra Cryptocurrency May Revolutionize E-Commerce
Posted by: Richard Adhikari June 19, 2019 02:55 AMFacebook has released details about Libra, its long-rumored cryptocurrency. The company outlined plans “for a new decentralized blockchain, a low-volatility cryptocurrency, and a smart contract platform that together aim to create a new opportunity for responsible financial services innovation.” The aim is to help people worldwide, especially in developing nations, gain access to a cheaper, more connected global financial system. The Libra cryptocurrency is built on the Libra Blockchain, which uses open source software.