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 Facebook’s Libra Coin Currency to Launch in 2021

A lot of companies are creating and sharing their own cryptocurrency projects, with Facebook being at the forefront. Their new currency is named Libra and it’s set to launch in January 2021. Apparently the digital currency named Libra will be backed by the dollar, according to the Financial times. It’s basically a scaled back version of the initial project. The Libra project had both a political and regulatory backlash against it, so the changes are here to reflect all of that. Many people in the industry were worried that this currency would lead to a lack of financial stability. There [...]

2020-11-29T12:18:50+00:00November 29th, 2020|News & Tips|

Commerce Platform Shopify Joins Libra

Libra recorded a win after Shopify made an announcement of its membership. This is a big step forward following the withdrawal of big organizations like eBay, Vodafone, Stripe, and Visa. Also, this move by Shopify contributes nothing less than $10 million and a functional node that handles transaction processes for the Facebook-founded stable coin. Shopify is Libra’s first new member since its creation four months ago. In the blog post released by Shopify, it relays its commitment to the joint effort of establishing a payment network that works globally. If Libra is able to pacify the uneasiness of international regulators, [...]

2020-06-14T09:33:13+00:00February 28th, 2020|News & Tips|

Libra Testnet Reaches Over 50,000 Transactions Since September Launch

The testnet of Facebook’s Libra cryptocurrency has reportedly surpassed over 50,000 transactions since its reset in September. In a blog post titled “Five Months and Growing Strong: The Libra Project”, Libra Association developer Michael Engle said that the testnet registered more than 51,000 transactions since its reset last September 17. Additionally, developers have created 34 projects, which include 10 wallets, 11 clients, and 11 blockchain explorers. Engle further stated that the organization is on the works of developing Libra by encouraging community participation, simplifying how developers can work on Libra, and launching a Bug Bounty program that’s helping it fix [...]

2020-01-04T19:23:50+00:00November 25th, 2019|News & Tips|

Advantages of Libra Coin

Advantages of Libra Coin This technological marvel presents itself as a simple global currency and financial infrastructure, serving to empower billions of people worldwide. Meet Libra Coins, money reinvented and transformed for the better of economy and people worldwide. Libra was created with the goal to make it available to everyone. Why should transacting worldwide take up time and cost us valuable money? The creators of Libra asked this too. That’s why they created Libra with the aim to make moving money around the world as simple as sending a text message. What is Libra? On June 18 2019, Facebook [...]

2020-01-04T19:23:46+00:00June 28th, 2019|News & Tips|
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