Libra is the name of Facebook's cryptocurrency. The coin will be released in the middle of next year (2020) and will be managed by the Libra Association, an independent and non-profit organization based in Ginevea
"Pound”Takes inspiration from the pound, a unit of measure of Roman origin and from the astrological sign for justice and the French word for freedom.
What is Libra the Facebook cryptocurrency
Think of a universal currency similar to Bitcoin, with which to pay most of the multimedia services and apps in the world from Uber, Spotify, Instagram or send money to a relative or friends via Whatsapp and Messenger.
Facebook wants to make it easy for everyone to send and receive money thanks to blockchain technology.
https://www.facebook.com/photo.php?fbid=10107693268644761&set=a.612287952871&type=3
There is talk of a virtual currency that could enter the wallets of billions of people.
Libra can be used on Facebook, Instagram and Whatsapp, eBay, Uber, Lift, Spotify, Booking, Iliad, Vodafone and all other companies that are joining.
People will be able to send, receive, spend and protect their money, thanks to a more inclusive global financial system.
Conclusions
We will see the evolution of Facebook's new cryptocurrency Libra when it will be released in 2020, but it is expected to become the most used virtual currency in the world if its use really materializes in an easy use and with financial advantages that the Facebook executives have promised.
