Libra: Cryptocurrency By Facebook (In 5 Minutes)

Infographic | 22-10-2019 | Karthik Kumar


With the advancements in technology, our day to day life has changed in several ways the world has become very small as people have various platforms to interact with others via sending texts, pictures, documents, etc.

To make money transfer painless like sending messages and images, renowned social media biggie Facebook came up with a proposal of making money universal, safe and constant by shaping a platform so that people all over the world will have access to similar financial opportunities like everyone does and this laid a path for the invention of Libra.

Libra mission

The motive and vision hidden behind designing Libra were to foster a currency that has the capability to bring people together under the same financial roof and improve the living of unbanked people.

Libra reserve

Most of the cryptocurrencies present in the market don’t even have any constant assets to support them. Hearing to all these speculations and investments as a first use case, people bought these coins in huge numbers hoping that their value might increase at the time of resale.

To hold everyone’s attention, Libra is designed to be a currency where common people will also understand the value of Libra today and what it’s going to be in the future.

The Libra Blockchain

The Libra Blockchain is a programmable and decentralized database developed to back a more constant and stable cryptocurrency that will have the capability to serve as a well-organized channel of exchange for billions of people all around the world.

The Libra Association

Libra is a self-reliant association, this organization does not work for profits and runs with a mission to improve the lives of billions of people across the globe by providing them a global currency and financial infrastructure.

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Karthik Kumar

I am Karthik, working for White Ranking Technologies, It's a startup Digital Marketing Company. I have some 7+ years of experience in Digital Marketing and mostly work on Search Engine Optimization techniques. I can also create top quality SEO Friendly content for our websites, and I am interested in customizing websites using WordPress. I am always ready to learn new technologies and update myself.