Facebook’s new and a Sudden move into Cryptocurrency

According to Facebook, they would like to reach people, not through the bank account rather Libra is the best possible way. Facebook has announced it’s very first and of course, the long-awaited digital currency that will definitely roll out and it will allow people to make any kind of financial transactions online and if you are willing to know how the whole transaction thing works then you can visit https://libramaximizer.co/.

However, they have claimed that this all-new technology will positively change the basic landscape of banking while there would be no issue regarding security at all. If you are wondering how soon you will be able to buy a cup of cappuccino then you will have to dig a bit.

1#) Why The Currency Called Libra?

Honestly, we think of the basic measurement of weight that Roman people generally follow is called Libra. You would be amazed to know that the £ symbol actually comes from an ornate L that is present in Libra. So, you know from where this has come from?

2#) What Is Libra?

Of course, Libra is the new digital currency introduced by Facebook. Although, Facebook would say this is a financial infrastructure as well as a global currency. Apart from that, you may consider it as a blocked created by Facebook and the encrypted technology is used by cryptocurrencies such as Bitcoin. Now, let’s come to the point like how it works and what exactly you will be able to buy if you own Libra.

3#) How Would You Be Able To Use It?

We know, this is the basic question that will come to your mind whenever you will hear there is another new cryptocurrency. If you do not know then let me make your facts clear. There is a digital wallet that is called Calibra. You need to download this application and after that, you will be able to send Libra to anyone. Apparently, it will be available in WhatsApp, Messenger, and also you can download it from the Play store.

Facebook has not made it clear like which county they will be launching it at first but they have said that anyone with a smartphone will be able to use this and take advantage of it. As you know the app is available and you can download it easily.

4#) What Can You Buy If You Have This?

As you know Facebook has also launched Calibra which is also known as Libra wallet and you can easily send money to your friends through this. Apart from the transaction through the app, Facebook would like you to indulge its users to facilitate the use of Libra in different vendors for their day-to-day transactions.

So, if you are thinking that you will only be able to transfer money then you are wrong as you will get a lot of things more. Though they have not confirmed the other means of usage yet. They will soon do the announcement once it gets launched officially all over the world.

5#) Bottom Line:

You will not at all have to think of the security issue when you will be using Libra as Facebook will do everything possible to make the privacy of their users top-notch. Hence, you will just have to sit back and enjoy a new digital currency launched by Facebook.

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