Facebook introduced it’s new cryptocurrency : LIBRA

Facebook’s new cryptocurrency : LIBRA

Recently, FACEBOOK came up with something new. They introduced their new cryptocurrency named LIBRA that is scheduled to be launched in 2020. Basically, CALIBRA is a digital wallet that will use LIBRA as it’s currency. Primitive intent is to furnish customers with fiscal utilities through the Libra network. There are a few products to be introduced by Calibra. First one is the digital wallet using Libra can turnaround the whole scenario.

Calibra – Libra

Libra being the new cryptocurrency by facebook definitely deserved something exceptional. Hence, went for the digital wallet named CALIBRA. As we discussed in earlier articles. Facebook used none other than BLOCKCHAIN TECHNOLOGY to introduce this dynamite.

Partners for business!!

Facebook is being backed by MasterCard, Visa, PayPal, eBay, Uber, Lyft and Spotify and even more of them. Facebook announced a few apps namely  Messenger, WhatsApp, and also the standalone app that can clinch the services. Apps like paytm, phonepe, bhim upi and many more are at their topmost level at present. Calibra seems capable enough to break the ice.

Can takeover whole market

Stats clear the fact that around 50 percent of adults in the whole world lack in maintaining their bank accounts. This number turns closer and closer towards 100 as we move particularly towards the developing countries. This may even be one of the reasons why these types are called to be developing ones. Calibra shall solve these kind of disputes in common people. Time can come when people wouldn’t require to hustle for little things. They could exchange money through remittance for free. You could travel with no physical money in hand. Most importantly, security system is pure class. Security will be at the level of banks. It would be as safe as your credit card. So, undoubtedly 2020 will be full of mysteries and will start with a bang. What’s your say – comment below!!

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Keywords :

Facebook, Cryptocurrency, Libra, New digital currency, Libra vs Bitcoin, How libra works, Cryptocurrency news, Libra bid, Libra release date, Digital money, Calibra
Calibra wallet, Ethereum

Ayush Mittal Author

Hello, I'm Ayush Mittal. I'm a firm believer of " you will only achieve what you can think of ". I am a lover of sports and music because both help in making our mind and body 'sound'. I am preparing myself to make a mark in the corporate world.


    […] the Platform is all set for cryptocurrency to grab up all the money market. As we discussed in the previous article on cryptocurrency – LIBRA , will also play major role in this […]

    […] the Platform is all set for cryptocurrency to grab up all the money market. As we discussed in the previous article on cryptocurrency – LIBRA, will also play major role in this model. Why are cryptocurrencies […]

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