Facebook reportedly launching Libra cryptocurrency next year January

 

The Financial Times reported that the Libra cryptocurrency, which is identified with the social networking site Facebook, will be released in January of 2021. It is noted that the coin will be a stable coin as it is backed by the US dollar. This is good news for the cryptocurrency market, as it will likely see an influx of large investments.

Provide people everywhere access to safe and affordable financial services. So people everywhere can live better lives.

The Libra payment system is for everyone

Moving money around the world should be as easy and cheap as sending a message. No matter where you live, what you do, or how much you earn.

Mobile

The Libra payment system will be accessible to anyone with an entry-level smartphone and data connectivity.

Stable

Libra Coins are backed by a reserve of assets made up of cash or cash equivalents and very short-term government securities.

Fast

Libra transactions are quick and easy, no matter where you are sending, or spending, your money.

For the World

The Libra payment system will facilitate a more accessible, more connected global financial system.

Scalable

The open-source Libra protocol will foster a vibrant community of developers building products and services to help people access and use the Libra payment system.

Secure

The Libra network is built on blockchain technology and designed with security in mind.