The Libra, the kryptopen of Facebook, is ready

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Mark Zuckerberg announced the cryptographic currency of Facebook, and it is very different from what was expected by the lucky slings of the Bitcoin’s exchange rate fluctuations. Libra is a global crypt currency that will become available in 2020, basically it will be good for people to send money to each other.


Not only will it be Facebook’s money, but it will be entrusted by a Libra Association, a non-profit organization, with 27 other members outside the community portal. It also includes traditional financial service providers such as Visa and Mastercard, PayPal and Stripe, but Spofity, Uber, Lyft and Vodafone have also entered the business.

The main goal of the Libra Association is to provide easily accessible financial services to more than one billion people – mostly in developing countries – who are now unable to access traditional banking and financial services, are not able to keep their cash on their own, but they always have mobile money. .

It will be as easy to send money as to share messages or photos with others

– writes Mark Zuckerberg in his public post. The community portal will have a subsystem called Calibra, which will allow developers to integrate money transfer into their online applications. A digital wallet app will be released next year, but our money will also be available on WhatsApp and Messenger.

I would like to take over the Libra Association in the next year with over a hundred, and each member will work in the coming months to allow users to pay subscription fees not only through a traditional bank card but also through Libra.

Mark Zuckerberg promises that there will be low fees for using Libra, and that it will be fair to operate a block chain based and decentralized, ie, multiple organizations. The Libra block chain technology is released with an open source Apache 2.0 license.

The CEO claims that the privacy of Libra users is respected and that anyone who does not want to send money on Facebook can do so using other, independent digital wallets. On Facebook’s support team for Calibra, there will be experts who will take care of fraud prevention and the security of the money stored there.

As we have said, Libra’s supporters include Vodafone, and the mobile operator has a great deal of experience with mobile payments, as they invented the M-Pesa system, the most popular financial service in Kenya, where 40 percent of the country’s GDP flows annually.

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