Review on Libra by Sibel M
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.
ο»Ώ
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 partial exchange. Libra exchanges are recorded on the Blockchain system, as in BTC. Libra Coin, which has prospects comparable to BTC, can be created by others. For this cycle, customers say they need to improve their crypto cash by connecting to Facebook.
ο»Ώ
The reason for the Facebook Libra is to allow a large number of people who cannot handle conventional financial transactions to make comparable exchanges on Facebook. At the outset of these exchanges is to move at a minimum cost and without time and topographical restrictions. Although this cycle has not yet been done on Facebook, transactions with the Nowi wallet, which is used to store and retrieve the Facebook Libra, can be efficiently carried out.
ο»Ώ
ο»Ώ
ο»Ώ
- 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.
- 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.
