Facebook finally unveiled the details of 'Libra', its cryptocurrency.
a. Scorpio
b. Libra
c. Orion
d. Pisces
Details:
- Using Libra people can buy things or send money to people with nearly zero fees.
- It will be rolled out for use in 2020 and allow the platform's billions of users across the globe to make financial transactions online.
- The currency will be serviced by a collective of companies called the Libra Association.
More about Libra:
- Libra is a global currency and financial infrastructure.
- In other words, it is a digital asset built by Facebook and powered by a new Facebook-created version of the blockchain, the encrypted technology used by bitcoin and other cryptocurrencies.
- Facebook aims to reach 1.7 billion people around the world who do not have access to a bank account.
- This new technology threatens to change the landscape of banking.
Criticism:
- Facebooks's Libra, cryptocurrency is already the subject of scrutiny, as Facebook faces increasing calls for regulation and antitrust measures.
Question:
Q. What is the cryptocurrency that Facebook will launch, called?a. Scorpio
b. Libra
c. Orion
d. Pisces
