The social media giant, Facebook has finally revealed the details of its cryptocurrency Libra. Today the platform released its white paper explaining Libra & its testnet before a public launch in the Q1 of 2020.
Additionally, the new Libra coin will allow users to purchase things at local exchange points like grocery stores. Also, enables users to spend it using third-party wallet apps or its own Calibra wallet that will be built on WhatsApp, Messenger, & its own app. The best part is that you can transfer money to people with nearly zero fees.
“Libra’s mission is to enable a simple global currency and financial infrastructure that empowers billions of people.”
Read the complete White Paper of
Libra coin That would be a huge milestone if they able to do that what other coins have failed to do, the Facebook coin can make all the big difference in the name of adoption, they have the funding, the resources can tap the best people, had the marketing platform, if they fail, what else can.