Killik Explains: What is Facebook’s Libra all about?
What is Facebook’s Libra all about?
What they say
How will it work?
Why this isn’t Bitcoin
Tempting though the comparison may be, Libra is not just another Bitcoin challenger. There are several major design differences for starters;
- The supply of Libra will be theoretically unlimited and there will be no “mining” required to create new ones
- Backers of the project will earn interest from the deposits held as Libra are bought
- This currency backing should make Libra more price stable than its crypto rivals
The global Holy Grail
Who is with Facebook?
What could go wrong?
Loss of control
(M) any questions
Whatever your view of this new currency and payments pretender, Facebook’s arrival in this space is creating headlines. My advice? Watch this space. If you have any questions in the meantime, please email me as usual; [email protected]