BTCMEX looks inside the Libra Foundation, it’s plans and aspirations. Can we buy Libra soon?
The Libra project was born in times when fin regulators turned their heads towards cryptocurrency. The idea behind Libra is to make the blockchain-backed transactions available and secure for everyone around the globe. Essentially, Facebook wants to make it as easy to move money around the world as it is to send a text message. Unlike Bitcoin, Libra creators didn’t set the goal to replace the current financial system. The Libra Association rather aims to refine the course of traditional finance.
Currently, Libra is not “pegged” to a single fiat currency. Many are also concerned about Facebook tracking crypto payments for ad targeting. And there’s still the open question of whether Libra will ever receive the approval of financial regulators worldwide. BTCMEX reported PayPal leaving Libra earlier.
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Please note, that the article is a part of BTCMEX Blog, the views and opinions expressed here are the contributing author’s only, and do not necessarily represent the views of the company.
Julia Bulakh for BTCMEX