Post by account_disabled on Mar 10, 2024 4:10:49 GMT -6
Facebook has revealed the first details of its plan to become a bank. The key elements are the creation of a cryptocurrency, Libra , and the co-founding of a non-profit organization, Libra Association , which will serve as the central monetary authority. The role of the Libra Association Within the association, Facebook, through its company Calibra , will have the same right to vote as the other participants, so far 28 but the aim is for 100. Among them Mastercard, Visa, PayPal, Vodafone, Spotify, eBay, Uber, Andreessen Horowitz . Their task will be to manage the currency, expand the network.
Some of them, with particular Canada Phone Number characteristics, will also be able to manage transaction nodes (in the bitcoin model, however, there is total decentralization). Anyone who makes an investment of at least 10 million dollars will participate in a share, proportional to the investment, of the interest produced by the assets held by the association. libra association the founders What is Libra and how does it work? Libra, named after the monetary unit of ancient Rome, is a cryptocurrency or virtual currency that uses blockchain technology. It is called a "stable coin" because, unlike bitcoin, its value is pegged to a basket of assets (including "bank deposits and government bonds in currencies from stable and respectable central banks.
This will guarantee the stability of its value or avoid volatility due to speculative attacks. Libra will be purchasable through an electronic purse with current currencies. The first digital wallet will be Calibra , created by the Facebook company of the same name, which can be used on its network from 2020. To sign up, simply download the app, but you won't need to have a Facebook profile to use it. You will be asked to provide valid identification, which will be verified. With Calibra it will be possible to exchange "pounds" with other holders of purses (which will be created according to the association's specifications).
Some of them, with particular Canada Phone Number characteristics, will also be able to manage transaction nodes (in the bitcoin model, however, there is total decentralization). Anyone who makes an investment of at least 10 million dollars will participate in a share, proportional to the investment, of the interest produced by the assets held by the association. libra association the founders What is Libra and how does it work? Libra, named after the monetary unit of ancient Rome, is a cryptocurrency or virtual currency that uses blockchain technology. It is called a "stable coin" because, unlike bitcoin, its value is pegged to a basket of assets (including "bank deposits and government bonds in currencies from stable and respectable central banks.
This will guarantee the stability of its value or avoid volatility due to speculative attacks. Libra will be purchasable through an electronic purse with current currencies. The first digital wallet will be Calibra , created by the Facebook company of the same name, which can be used on its network from 2020. To sign up, simply download the app, but you won't need to have a Facebook profile to use it. You will be asked to provide valid identification, which will be verified. With Calibra it will be possible to exchange "pounds" with other holders of purses (which will be created according to the association's specifications).
Go ahead and be the first!