Facebook rolls out Libra, its ow crypto asset
Built around the blockchain platform, Libra turns out to be a digital coin presented by Facebook.
This international financial asset will be available to anybody and not only to Facebook users. It enables users to pay for public transport, shopping. What’s more, one can send Libra right to the messenger using an Android smartphone.
The crypto wallet is going to be compatible with WhatsApp and Messenger. Besides this, it can be used as a separate iOS or Android app. The creators of the project expect it will enable folks to send money as easy as SMS regardless of their social status and place of residence.
Unlike other crypto assets, Libra is expected to be reliable and stable due to the availability of a special reserve dubbed Libra Reserve. The fund will be filled by investors. Each of them will grant at least $10 million to get to the network and manage his own site.
The digital coin will be officially released next year.