What is Libra?
Libra is a digital currency developed by Facebook, with the aim of making financial transactions more accessible and affordable for people around the world. It is designed to be stable, secure, and easy to use, serving as a global currency that can be used for various online transactions.
Key Features of Libra
- Stability: Libra is backed by a reserve of real assets, making it less volatile than other cryptocurrencies.
- Accessibility: Anyone with a smartphone can access and use Libra, even those without a traditional bank account.
- Security: Libra uses blockchain technology to ensure that transactions are secure and transparent.
How Libra Works
Users can buy, store, and spend Libra through the digital wallet called Calibra, which is integrated with Facebook and WhatsApp. Transactions can be made instantly and with low fees, making it ideal for everyday purchases and transfers.
Case Studies
Many businesses and individuals are already exploring the potential of Libra. For example, a small retailer in a developing country could use Libra to receive payments from customers around the world, bypassing traditional banking fees and delays.
Statistics
According to a survey, over 2 billion people worldwide do not have access to a bank account, but many of them have smartphones. Libra could provide these individuals with a secure and affordable way to manage their finances.
