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Date: a month ago   Category: Finances

What chances of cryptocurrency from Facebook on success?


Facebook announced the beginning of testing of own digital currency of Libra. What distinguishes it from other cryptocurrencies and whether there will be it popular? Photo: Dado Ruvic/Reuters of Facebook presented the Libra cryptocurrency which will be integrated into own services of 27 organizations. In particular, Visa and MasterCard payment service providers and also a number of the technological companies, such as Vodafone, Uber and Spotify became partners, the founder of social network Mark Zuckerberg on the page on Facebook wrote. The companies should carry out experimental transactions and to be convinced of convenience of a new product. The main difference of Libra from other cryptocurrencies is that it will be provided with the real currency reserves and assets placed worldwide. To look at this publication in InstagramLibra's mission is to enable a simple global currency and financial infrastructure that empowers billions of people #Libra #FinancialInclusion #blockchain #cryptocurrency the Publication from Libra Association (@libra) 18 Jun, 2019 at 2:18 Pdtpoyavleniye in the market of one more cryptocurrency the managing director of WANT service, the expert in cryptocurrencies Daniil Smirnov commented on
. Daniil Smirnov the managing director of WANT service, the expert in cryptocurrencies "At this currency will be providing in the form of real money which will be stored in the hard currencies not subject to volatility, in different international banks. The matter is that the cryptocurrency lays claim to international. Thus, additional issue of a crypt will be always carried out with the corresponding providing. It means that if to emit additional unit of currency, then it is necessary to emit also collateral securities. As is declared, the currency is entered for increase in number of transactions worldwide and simplifications of access to online transactions in principle. It turns out that they pursue not especially commercial interest, but social". About whether there will be Libra popular, the co-founder of the platform for TokenBox cryptofunds Vladimir Smerkis told. — the Trust will be high as very big leaders of the market, including Facebook, Uber and other companies participate in development of cryptocurrency. I think, for the cryptomarket it is a good signal first of all two billion people will be able to learn and hear about such new trend, a new financial instrument as cryptocurrency. Of course, for the market it will be positive. Traditional cryptocurrency we cannot call Libra, however in general for the market it is very good signal, and popularity, I think, will be rather fast, lightning. I think, Mark Zuckerberg will make and will release currency in 2020 in time. It is already started so-called testnt. Thus, developers and people who will represent in the future a new financial instrument on the basis of Libra blockchain can already begin something to test and to begin to think of what financial applications by means of this new currency they will do. — What will participants of the project directly earn on? — Even in Ethere network

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