Libra

Question 1

What is Libra ?

Answer 1

It is a digital currency launched by Facebook

Question 2

Who runs it ?

Answer 2

Libra Association , a Geneva based entity with many partners like FB, VISA, Uber etc

Question 3

Security principle used ?

Answer 3

Same as Bitcoin

Question 4

But how is Libra more profound ?

Answer 4

Bcoz it has been backed by traditional companies like Paypal, Visa etc

Question 5

Base value ?

Answer 5

Multiple real world currencies like $ and Euro

Question 6

Reason to establish ?

Answer 6

To make FB’s ads more valuable by enabling smoother transactions and payments online especially those without credit cards and bank accounts