The currency is designed not to be a speculative asset, like Bitcoin, but a form of digital money backed by a reserve of assets. You will one day be able to use Libra as payment for online and offline services, Facebook executives say. At the beginning, the company imagines Libra will be used mainly to transfer money between individuals in developing countries who lack access to traditional banks. Eventually, the goal is to create the first truly mainstream cryptocurrency: a decentralized global form of payment that is as stable as the dollar, can be used to buy almost anything, and can support an entire range of financial products — from banking to loans to credit.
My previous dlike posts :
- Visa sends blockchain-based B2B payments network live | ZDNet
- Brazilian President Rebuffs Cryptocurrency as His Administration Explores Blockchain - CoinDesk
- 'Satoshi Pretender' Craig Wright Slams Bitcoin Cash in Vulgar Beatdown
- Is bitcoin growing up? Regulated futures boom as investors seek a safer ride - Reuters
- Hottest Crypto Is Up 360% This Year and Its Name Isn’t Bitcoin - Bloomberg
- 'Monopoly'-Style Blockchain Property Trading Game Raises $2 Million - CoinDesk
- Exclusive: New Report Reveals Details of Telegram’s TON Blockchain
- Bitcoin Hits Year-To-Date Highs As Litecoin Soars--Here's Why
- Bittrex Delists More Altcoins for US Traders - Cryptocurrency Regulation - Altcoin Buzz
- Scientists track cryptocurrency discussions on Reddit to learn how disinformation spreads