LIBRA: Facebook’s Official Cryptocurrency

in #esteem2 years ago (edited)


June 18, 2019: Facebook CEO, Mark ZuckerberG officially made an announcement about the Launch of LIBRA, Facebook’s cryptocurrency that they’ve been developing for more than a year. The rumors of the big move into cryptocurrency was started circulating last year when the social media giant began hiring crypto and blockchain-developers and executives.

LIBRA: What we know so far...

  • Libra is registered in Geneva, Switzerland and will be launch in 2020.
  • LIBRA: the digital asset or crypto currency built by Facebook.
  • CALIBRA: the digital wallet of Libra that will be built into whatsApp, Messenger, and also an iOS and Android app.
  • Libra Association: A list of independent businesses, academic institutions and not-for-profit organization that will govern Libra.
  • Libra’s Mission: A simple global currency and financial infrastructure that empowers billions of people.
  • The Facebook CEO states that it’s decentralized, any information the user share with Libra will be separate from the information you share on Facebook.
  • Libra’s White Paper.



Why Did They Named It “LIBRA”?

The word libra is a Roman measurement of weight. The abbreviation lb for pound is derived from Libra, and the £ symbol originally comes from an ornate L in Libra.
Source: The Guardian

Libra is also a Sodiac sign and Mark Zackerberg’s rivals, the Windklevoss twins, also have there own digital currency exchange called, “GEMINI”. 😉

All contents are mine unless stated otherwise.

Photo source #1, #2

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#libra #facebook #blockchain #cryptocurrency #c-squared #qurator #steemitdavao

Have a joyful day Steemian!



Interesting post and it might be good for the blockchain, as my thought is that millions of people will learn that there is actually a thing like a blockchain out there.
It might also help to remove the stigmas about crypto currency.

True, there are around 2 billion users of facebook as what I’ve red and majority are not aware of Blockchain so... this is really going to be big.

Have a great day!

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