To make money transfer painless like sending messages and images, renowned social media biggie Facebook came up with a proposal of making money universal, safe and constant by shaping a platform where people all around the world will have access to even financial possibilities paved a way for the creation of Libra.
- 31% of the world’s population doesn’t have a bank account, the leftover people who have access banking system are worrying because of the heavy transaction charges. Approximately the charges are up to 7% to transfer money globally.
- People who are poor and unbanked charges, even more, higher, they pay $4 extra charges a month for cash access.
- Here, bringing digital financial services closer and easily accessible to everyone will have a huge impact.
- Additionally, it generates $3.7 trillion for the development of the economy and creates 95 million job opportunities.
Libra mission
The motive and vision hidden behind designing Libra were to foster a currency that has the capability to bring people together under the same financial roof and improve the living of unbanked people.
Libra Reserve
To grab everyone’s attention and to put an end to speculations Libra built a reserve with stable assets to be a currency where common people will also understand the value of Libra today and what it’s going to be in the future.
The Libra Blockchain
The Libra Blockchain is a programmable and decentralized database developed to support a more constant cryptocurrency that will have the capability to act as a well-organized medium of transfer for people all around the world.
The Libra Association
Libra is a self-reliant association, this organization does not work for profits and runs with a mission to improve the lives of billions of people across the globe by providing them a global currency and financial infrastructure.
To know more about Libra, Click here
Checkout the following infographic on – Libra: Cryptocurrency By Facebook (In 5 Minutes) – Developed by MrBTC.org.
MrBtc.org – This is the original source of the infographic, it was developed by Karthik. If you are sharing or using this infographic on your website, please give us this original source (https://mrbtc.org/libra/) below the infographic.
This infographic is inspired from – Libra.org, thanks a lot. All the best for your project.
