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Facebook draws attention to itself with the information that the company wants to bring its own cryptocurrency to the market. While the planning and research has been going on for a long time, the publication is eagerly awaited. The name has already been decided. Libra is set to become a world currency and revolutionize online payments. The plans being made through Facebook are big. But what about the Libra course? How will this develop and what can interested parties and investors expect here?
- Libra is expected to go on the market in 2020
- Planning a world currency through Facebook
- Expectations for the Libra course are high
- Numerous large investors are involved in the project
Trade now with the crypto broker test winner XTBInformation about Libra
The assumptions about how the Facebook Libra course will develop are increasing. Among other things, this is due to the fact that the release is slowly coming into focus. While in 2018 it was still said that the currency is in planning, it is now increasingly assumed that it will go on the market in 2020. But many questions remain unanswered. It is known so far that Libra is supposed to be a cryptocurrency that was developed by Facebook. Further preparations for the publication are currently being carried out. However, the currency is expected to go on the market in 2020.
At first glance, the cryptocurrency does not seem to differ so much from other altcoins. Here, too, there is a blockchain as a basis that works decentralized. The system has proven to be effective and is therefore being picked up by Facebook. During planning and research, the focus was on combining all the advantages of different currencies. Smart contracts will also be found in Libra. In addition, a so-called Libra Association has been founded. The network of investors represents a community that brings with it a proof-of-stake consensus.
The development of the digital currency is progressing, but it also needs sufficient funding. In this context, Facebook has been looking for various investors who not only provide money, but also bring an extensive network. In reports on currency, names such as PayPal and eBay have fallen.
The three pillars of Libra
The Libra Euro rate is of course of interest to all future customers who would like to invest in the digital currency. Basically, the development of a rate for digital currencies also depends on how well they are structured and what advantages they have to offer. Facebook wants to be able to score points in this context with transparency and a clear structure. Therefore, Libra is based on three pillars:
In addition, Facebook makes sure that the digital currency can be integrated quickly and easily. This should make the coin attractive, especially for companies, and be able to take on a position as an international currency.
Trade now with the crypto broker test winner XTBThe view of the Libra course
The Libra Coin is not yet on the market and therefore there are currently no historical values that can be used for the price development. Of course, this makes a possible investment particularly exciting, but also difficult. Even though there are already numerous digital currencies on the market and their price development has already been observed, the entry is always a surprise. This will also be the case with Libra. The Bitcoin has shown that a cryptocurrency can work from a price in the cent range to four-digit amounts per coin. Interesting is therefore the question of which development the Libra Coin will take course. Since Facebook repeatedly emphasizes that Libra is intended to create a world currency, a possible comparison of the rates with other currencies is difficult. In addition, the company wants to facilitate payment transactions online and not create funds for investors and investors.
So far, it is not yet clear how long it will take for a Libra Coin course to be available. Even if the coin goes on the market in 2020 as planned, a price overview is only possible when some historical price data has formed. A little patience is therefore still required. Nevertheless, there are always assumptions that the Libra Coin may already be heavily involved and will not bring any major price changes.
The Libra course as a mystery
The interest in the Libra course can be understood above all because the digital currency is being developed by a private company. The idea behind a cryptocurrency is primarily to create a decentralized payment option. However, with a currency that is completely in the hands of a private company, this is difficult. In addition, Facebook repeatedly speaks of a world currency. The goal is therefore to be internationally successful with the coins. There has also been no shortage of criticism so far.
Especially in the run-up to the publication of a digital currency, criticism can be an important point. It has an influence on the course – in both possible directions. For example, there have already been critical voices from the political sphere, which have also fallen on fertile ground among investors. First withdrawals from the project were announced. The Libra price could suffer from this – or rise even further.
For interested parties and future investors or investors, it is exciting to watch what news is published around Libra. Negative news also arouses interest and can therefore bring a positive Libra Coin price with it.
Libra has so far been supported by large companies. In addition to the financial aspect, which should not be underestimated here, the currency also benefits from the extensive customer base, which may also be an advantage when publishing the digital currency.
Trade now with the crypto broker test winner XTBCalibra – your own wallet for Libra
Digital currencies can only be held if the user also has a wallet. This was already the case with Bitcoin and has not changed with the other altcoins. This is also the case with Libra. Information has already been provided that there is a separate wallet for the digital currency.
This is the Calibra. There is already an app for Calibra and this app was also commissioned and developed by Facebook. The first notes on the properties of the wallet can already be viewed, but a download of the app has not yet been released. However, it is becoming increasingly clear that the structure of the application should bring an intuitive operation with it, which is also comparable to WhatsApp.
In the past, Facebook has attracted attention through various data protection scandals, among other things. There is a great deal of uncertainty about the extent to which the digital currency can also be integrated here. However, the app is not directly connected to the company itself if users do not voluntarily connect it to Facebook.
Wallets in which multiple digital currencies can be held are also interesting. Whether the Libra Coin can be used with these, however, has not yet been explained in more detail.
The Libra Coin price in euros and the investors
