Date: a month ago   Category: Financial

Libra cryptocurrency. As Facebook wants to improve the world


The new project is based on the closed blockchain, and transactions will be approved by Libra Association which includes such companies as Mastercard, PayPal, Visa, eBay and others. The Facebook company declared creation of the new global Libra cryptocurrency provided with assets. The project is positioned as attempt to give access to basic financial services by that who it is deprived now. Start is expected by 2020. Facebook enters the market of financial services with intention "to invent money anew" and with assistance of nearly three tens companies among which there is Visa, Mastercard, PayPal, eBay. The correspondent.net tells details. The cryptocurrency of special Calibra the World's largest social network presented on June 18 own project of digital currency Libra. It turned out that it is not cryptocurrency of Facebook at all - all owners of smartphones can use it. Facebook assures that billions of people who have no bank accounts, without delays when carrying out operations and with the low commissions on payments can use their new technology. Libra is positioned as attempt to give access to basic financial services by that who it is deprived now: in the press release it is said that nearly a half of adult population of Earth has no active bank account that, small business has not enough access to the credits, and migrants spend billions on money transfers. The latest news from the world of the Project Manager of Libra cryptocurrencies David Markus who came to the company from PayPal says that the Internet gave all democratic access to world information and free communication, but money remained the same. One of slogans on the cryptocurrency website from Facebook says: "To invent money anew. To change world economy. That people lived better everywhere". To achieve such objectives of Libra went on the way of the maximum decentralization of infrastructure and its service. The new cryptocurrency will work at the closed blockchain - it means that all registered users will become participants of network, and here only participants of the Libra Association organization which is specially created for this purpose will operate it. For this purpose Facebook created Calibra subsidiary which will unite with other large companies to process the transaction made in network. For today the currency was supported and promised to integrate 28 companies including which are engaged in payments, Internet commerce and the venture capital into the services. Now in the list of partners of Facebook there is already Mastercard, PayPal, Visa, eBay, Lyft, Uber, Booking, Vodafone, the largest cryptocurrency exchange Coinbase and others. It is expected that each co-founder of Libra Association will contribute not less than ten million dollars it is to start the project rather. Each such contribution grants the right for one voice in the Council of Associations, however any member cannot dispose more than one percent of votes. Approval of transactions within a blockchain platform will be one of the main functions of members of association. Restrictions in Facebook are explained with need to increase it is fast

URL:

Today

just now

Also Nikolay can become Andrey Yarmolenko's teammate. The midfielder of Dynamo Nikolay Shaparenko can continue career in England. The authoritative British CaughtOffside portal reports about it. Accor...

just now

Zelensky will sign the law on an impeachment of the president which was prepared by the Servant of the People party. The president Vladimir Zelensky will not sign the law on VSK adopted by the Verkhov...

an hour ago

Roman Yaremchuk for the first time became a father. The forward of the national team of Ukraine and the Belgian Genk Roman Yaremchuk shared joyful news. The football player's wife Christina gave birth...

an hour ago

The ear surely beat Kiev residents. A dynamo was finished by the second sparring in a day in which lost to the Ear with the score 1:3. Artem Besedin became the author of the only goal "white-blue". A...