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Libra Review

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Revainrating 3.5 out of 5  
Rating 
3.7
Crypto Projects, Stablecoins

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Description of Libra

Libra is a stable coin created by Facebook. Libra’s mission is to enable a simple global currency and financial infrastructure that empowers billions of people. Currently, Libra is in testing mode and available only for Facebook and its partners. It will be launched for all users in 2020.

Reviews

Global ratings 16
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Type of review

Revainrating 4 out of 5

About Libra

Libra coin is a cryptocurrency developed by Facebook, a US-based company. It has been developed in order to provide fast and low-cost transactions in transfer transactions and to ensure that products can be purchased with crypto currency on social media. It can be used for buying and selling transactions from the crypto money exchanges it is traded on. Libra allows those who cannot benefit from banking services to perform similar transactions on Facebook. It offers fast and cheap transfer…

Pros
  • Efficient business transactions in crypto currency,
  • Buying a crypto currency with a dollar value,
  • Making intercontinental transfers over 10 times lower amount of transaction fees requested in traditional banking international money transfers
Cons
  • The disadvantage of Libra Coin is that it cannot be used on all cryptocurrency exchanges. Due to the fact that it emerged later than other cryptocurrencies, it is more new and can only be purchased through its own wallet, it cannot offer the opportunity to trade on the large crypto currency exchange.
  • Another disadvantage is that Libra does not appeal to the investor model that aims to gain high profits in a short time like BTC investors. This crypto currency mostly appeals to people who cannot benefit from traditional banking transactions or who want to experience more advantageous conditions while making use of it. In other words, while it is not possible to make high profits in trading with Libra, the transaction is made through an application in the stablecoin model.

Revainrating 4 out of 5

Libra is an empowerment project which serves lots of crypto community.

Hi guys,we shall be discussing about a digital currency on facebook which is "Libra". Libra is a cryptographic money made by Facebook. The Libra cryptographic money is planned to be utilized as a basic, low-expense worldwide cash. It will basically be computerized cash on your telephone, which can be utilized to pay for any buy where the digital money is upheld. Libra is supported by a bin of resources, including significant monetary forms and government obligation instruments. Libra will act

Pros
  • It is simple global currency.
  • It is a stable coin.
  • Form of empowerment.
  • It is a facebook initiative that is also secured.
Cons
  • There's none for this review.

Revainrating 2 out of 5

Libra: Intriguing realities and news about the library.

Hi each and every individual who invites you to this site. Indeed, I have considered and caught wind of this stage around a few times and in a few spots. Welcome to the Diem Venture. The fundamental motivation behind this stage is to assemble a solid and reformist monetary organization that engages individuals and organizations all throughout the planet. Make it workable for individuals in specific spots to get to dependable and moderate monetary offers. So individuals can carry on with a…

Pros
  • Safe.
  • An open and serious society.
Cons
  • I didn't confront the drawback.

Revainrating 4 out of 5

Libra: Safe Trade and Sustainable Framework for Better Framework

Libra is a form of regular coin produced by Facebook. Libra's main goal is to further strengthen the world's monetary and monetary base, which attracts billions of people. Libra is currently in trial mode and is only available for Facebook and its allies. Will be shipped to all customers in 2020. Many suppliers need customers to be the boss of the world’s key keys in a computerized world. Targeted customers can quickly adapt to how they work with this, and can undoubtedly reach the top of a…

Pros
  • Good
Cons
  • No problems

Revainrating 3 out of 5

About Libra Conventional Finance Global Cash Transfers Intercontinental Exchange

The Libra coin is a digital currency created by the US-based Facebook. It was created to provide quick and minimal costly exchanges in transactions and to ensure that items are purchased with cryptographic money through the web-based media. Exchanging crypto cash can be used very well to buy and sell exchanging coins. Libra allows people who can't make a profit with banking administrations to make comparative exchanges on Facebook. It offers fast and simple exchange conditions, especially on a

Pros
  • Skilled transactions in digital currency
  • Buying digital money with respect to the dollar
  • The downside of Libra Coin is that it cannot be used in all digital currency trading. Due to the fact that it is later than other digital currencies, it has to be bought from a newer and more personal wallet, which is not possible to trade in huge quantities of money.
Cons
  • Another disadvantage is that Libra, like BTC financial backers, does not attract a financial support model that plans to achieve high returns in the short term. This digital currency is usually addressed to people who are unable to make money with conventional financial institutions or face more expensive conditions when used. Thus, while it is possible to make high profits in exchanging Libra, one exchange is through a program in the stablecoin model.

Revainrating 4 out of 5

Libra

On December 1, 2020, the Libra Association was renamed the Diem Association. The pound your currency continues to be called the pound. It is a project focused on global financial distribution, enabling more people to access financial means through the pound blockchain ecosystem. The goal of Libra Blockchain is to serve as a basis for financial services, including a new global payment system that meets the daily financial needs of billions of people. With the ability to scale to billions of…

Pros
  • possibility of new directions in matters of payments for products and services
  • scalability and speed
Cons
  • no negative points

Revainrating 4 out of 5

Libra: The Power of the World comes From the Basic Resources (a Social tool Attractively good)

Because financial lives matter, there is a good number of projects out there who are offering distinctive releases for helping those little experienced users. Lots of providers want users to be the leaders of their golden keys in the digital world. The considered customers can learn rapidly how to work with this, and certainly reach a top of at a moment. That's one reason why I like the opportunities offered by Libra, an empowering platform for this modern world. Although the real name of…

Pros
  • This platform is centred on social interactions to make it more reliable, used, and efficient.
  • It has good features and certain promotions for being a public service supporting the internet, and the people around the world.
  • It has an excellent addition of financial features good make it more operative and rewarding.
  • The network is good. It keeps a great design, and the interface is very modern.
Cons
  • The original scope of this platform is small. It depends a lot of certain promotions.

Revainrating 5 out of 5

(Libra): is an intelligent project that is led by one of the most popular companies in the market.

Libra (Libra): is an intelligent project that is led by one of the most popular companies in the market, has a complete integration and an ecosystem with multiple tools, presents 3 key features as a project, its cryptocurrency is aimed primarily at large market is a variation of a stable currency with strong support from its investors and next to become a common means of payment as it is planned to be handled as currency throughout a platforms, its proprietary blockchain technology makes the…

Pros
  • Its ecosystem was designed to handle large amounts of operations per second, it has a complete repertoire thanks to its implementation of proprietary technology.
  • It is a currency that has a strong commercial presence in all markets, and application portals such as its social network, and applications for personal use, etc.
  • Its commercial objective is to unify the means of payments and have a project that houses the 3 most common ones, with the ease that would allow you to pay and send money through its platform.
  • It has available a mobile application that meets all the needs of a private wallet, which has the function of storing the currency, available on various operating systems on the market.
Cons
  • Currently it has a lot of negative publicity, as several organizations stopped providing (commercial) support with the development of the project, this as a result of business disputes.
  • Currently its token is not traded in a normal way, soon.

Revainrating 4 out of 5

Libra: a secure platform for the exchange of assets and the development of a reliable payment system

In the search for the stability of the value of cryptocurrencies, there have been many associations and strategies that its founders have designed to avoid the volatility of the digital currency. In this sense, they have been linked to assets of constant value or less volatile. Thus was born another crypto project called Libra that seeks to link its price to other financial assets of more stable value. Libra is a digital asset that serves as the engine to develop a decentralized payment…

Pros
  • It is a scalable payment platform that allows fast transactions.
  • It is a secure network that has the technological support of blockchain
  • Serves for the transfer of digital assets globally
Cons
  • Their value is changeable, depending on the financial assets that back them.

Revainrating 3 out of 5

My opinion to Libra

The idea was interesting because it made it possible to send money via Messenger, WhatsApp in a fast way, perhaps it would have been well received, but from the point of view of freedom it was like creating a private Bitcoin, controlled by a company (or a conglomerate of them ). Libra is backed by a set of companies that provide material support (money, property or other assets), which makes it a stable cryptocurrency (stablecoin), but unlike BTC or other currencies here if there are a numbe

Pros
  • Being part of the Facebook network could have good coverage / adoption.
  • Ease of sending money.
  • Ease of receiving it.
Cons
  • Controlled the whole system by Facebook and that's not a good idea
  • A closed system, in imitation of BTC but proprietary.

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…

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

Revainrating 4 out of 5

Facebook stablecoin

As you know, cryptocurrencies have aroused the interest of governments, institutions and organizations worldwide. No one thinks of being left out of the technological revolution that is transforming the financial system. Facebook has not been left behind, it presented its Libra project in mid-2019, an ecosystem that houses several stable cryptocurrencies to connect millions of people. First we must understand that Libra is not a cryptocurrency, but an ecosystem and blockchain where multiple…

Pros
  • It is a huge boost for all cryptocurrencies.
  • Helps to better understand cryptocurrencies.
  • Libra will be very easy to acquire and will be available on all its platforms such as Facebook, WhatsApp and Instagram. This will lead to mass outreach and be positive for adoption.
  • A list of important trusted members.
  • Main objective in offering a financial solution for people who are not banked.
Cons
  • Libra is not a cryptocurrency.
  • There could be information security breaches.

Revainrating 4 out of 5

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…

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.

Revainrating 3 out of 5

Does Libra have a future?

Libra aims to provide a cash exchange between 1.7 billion social network users around the world. Partner companies investing in the project and participating in its development should join the system. There should be more than 100 such companies by the time the program is publicly launched in 2021. Among them, one can see VISA, MasterCard, PayPal, Uber, Ebay and other financial and trading companies Similar projects based on blockchain technologies are planning to create many large companies.

Pros
  • This will free people from high bank commissions. Many are annoyed by the relatively large time of traditional money transfers. Where there are p2p payments, p2p lending will appear there, which can finally finish off the international banking system
Cons
  • High volatility, lack of legislative consolidation in many countries make us treat cryptocurrencies exclusively as a speculative instrument or even as a financial pyramid.
  • Facebook has recently become the cause of numerous public discussions. It's all about the leak of confidential information in which the social network was recently caught. This circumstance may make the user think: is it ok to trust their money Facebook.
  • Libra’s partnership with the announced companies is, to say the least, “flexible”. At the time of the conclusion of the agreement, the companies set the conditions under which they can exit the project at any time

Revainrating 4 out of 5

Facebook's cryptocurrency project - Libra

Facebook gets into banking: Libra will be available for Messenger and WhatsApp users around the world, and anyone who downloads the (yet-to-launch) app. Facebook says it has the lofty goal of bringing financial services to the 1.7 billion around the world who still don’t have bank accounts. Libra will let you send money to almost anyone with a smartphone, as easily as a text message and at “low to no cost,” Facebook says. The Libra team will be governed by a nonprofit foundation called…

Pros
  • Libra has a great concept and cryptocurrency supported by Facebook Inc.
  • Libra can be accessible to anyone with smartphone and internet connectivity.
  • Libra is a stable cryptocurrency and is 100% backed by various fiat currencies.
  • Libra transactio spped is very fast and as other cryptocurrencies, it provides boundryless payment features.
  • Libra is very secure because its a cryptocurrency that runs on blockchain.
  • Libra is a global cryptocurrency that will be available around the world.
  • Libracoin send and recieve medhod is as easy as sending a text message.
Cons
  • For purchasing Libra using fiat or sending and recieving libra you need to verify KYC procedure.
  • As libra is not fully launched yet so, maybe some drawbacks will show after launch.

Revainrating 3 out of 5

Worse or best thing for crypto?

1. Blockchain or not blockchain? - Libra Blockchain (LB) is a bit of a strange thing, on the one hand someone has probably done a lot of work to make his mimicry almost perfect and perhaps to seem a little superfluous, but still a blockchain, even with a relatively functional consensus mechanism. LibraBFT itself, which is not completely interesting, now leave aside, the more interesting is that inthe whitepaper text we can read something that questions Libra Blockchain as a blockchain in any…

Pros
  • Can be trigger to adoption
  • Huge partners
Cons
  • What is even this ?
  • centralized, private
  • It's not even true blockchain