So there is a lot of discussion everywhere about Libra, Tech Crunch wrote an all you need to know, including the following:
Facebook has finally revealed the details of its cryptocurrency, Libra, which will let you buy things or send money to people with nearly zero fees. You’ll pseudonymously buy or cash out your Libra online or at local exchange points like grocery stores, and spend it using interoperable third-party wallet apps or Facebook’s own Calibra wallet that will be built into WhatsApp, Messenger and its own app. Today Facebook released its white paper explaining Libra and its testnet for working out the kinks of its blockchain system before a public launch in the first half of 2020.
Inc wrote 3 things you need to know about Libra, I found this part to be interesting:
If someone hacks your Calibra or other wallet, and takes your Libra, the network will pay it back.
Europe already has problems with it. Bloomberg published this today, Facebook Token Runs Into Instant Political Opposition in Europe
The French finance minister called for a meeting of the Group of Seven central bank governors.
He wrote: “It is out of question’’ that Libra “become a sovereign currency,’’ Le Maire said in an interview on Europe 1 radio. “It can’t and it must not happen.”
Domain investors are hot on the new topic, over the last 7 days close to 1,000 Libra related domain names have been registered.