Review on Libra by Jose Palma
Libra
Libra is a great project where a currency is created that is backed by fiat balances and can be transacted in any country in the world. It is a simple currency, easy to transfer, its value is that of a stable and will remain equal to the value of the dollar. Libra moves with block chain technology and presents wallets for mobile apps so that users can trade Libras wherever they are and at any time. It is a currency with a lot of potential to be placed in the best positions of the crypto-currency capitalizations.
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However, with the great focus that the Libra project brings, it has brought with it a lot of problems and many of its partners have withdrawn from the project, but the project is still afloat, with many tokens being given out to users, although they cannot yet be traded with other types of digital currencies or fiat. On release the Libra token will be stable, tradable on various trading platforms and will have the opportunity to be an excellent token for secure investments and transactions.
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Pros
- The coins are still handed out in the Libra airdrop and are very easy to collect.
- The pound token will be based on a stable in and will maintain its value similar to the value of the dollar.
- The Libra payment systems and platforms will also be applicable per mobile device app.
- The pound wallet application is already underway and it is a test, it is easy to use and to protect the tokens obtained from the airdrops.
Cons
- It is not known when the Libra tokens will be released for trade.
- Many crypto-currency companies withdrew from the project, although it is still afloat.
- The pound project has taken too long to be released.
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Comments (1)
July 08, 2020
Libra mission is to provide people from everywhere around the world access to safe and affordable financial services. Through this provision people everywhere can life a comfortable lives.
