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Ha Noi
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128 Review
34.25 Karma

Review on Libra by phuong cong

Revainrating 4 out of 5

The famous digital currency comes from FaceBook

It is a cryptocurrency that the public is looking forward to launching last year, but a number of legal issues between the Facebook CEO who is also the founder of Libra and the SEC have left the project unreleased so far.
It is built as a digital currency and is a global currency on Blockchain technology.
Unlike Bitcoin and ETH, Libra is defined as a Stablecoin.
In addition to FaceBook, there are a large number of well-known organizations participating in the Libra association, including Paypal, VISA, Spotify AB ... are big payment companies, Blockchain, telecommunications, funds, non-organizations profit.
Libra will be operated in a decentralized way and the value of the Libra coin will be guaranteed a low volatility asset, it will be separate from the FaceBook and managed independently from the Libra association.

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Pros
  • Libra was created by a consortium of leading companies in the world in all fields led by FaceBook
  • Libra's influence is completely superior to that of other stablecoins
  • Reaching billions of users on popular platforms
  • Libra will support payments without the need for a bank account
Cons
  • Libra is facing legislation from the SEC
  • For now, it's not clear how FaceBook and organizations will release Libra

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