The Libra currency, which will be launched in January, will equal 1 US dollar. Facebook is expected to launch Libra wallet Novi along with the new cryptocurrency.
As Bitcon left its halving behind in May and continues to gain value in ethereum, Libra is preparing to take an official place in the crypto money ecosystem. Facebook's cryptocurrency Libra, which entered our lives for the first time in June 2019, may be launched in January.
Facebook stated in its statements last year that it aimed a stable price policy in order to prevent the price fluctuations in the exchange or payment process of the crypto currency it was working on.
For this, the company was trying to create a basket of $ 1 billion in international foreign exchange and low-risk government bonds that would act as collateral by talking to financial institutions. However, as central banks and legislators did not lean towards Facebook's decision, the company positioned Libra as a stablecoin equivalent to a few currencies.
If you remember, during Libra's debut, Steve Forbes, the editor-in-chief of Forbes Media, wrote an open letter to Mark Zuckerberg regarding Libra. In this letter, Forbes underlined that Zuckerberg's money could replace the US dollar as a global currency.
Thereupon, Donald Trump, who was the President of the United States at the time, criticized the fluctuations in Bitcoin and other cryptocurrencies with a tweet she shared, while expressing that Facebook's Libra cryptocurrency was not reliable.
After all these developments, Facebook decided to create different cryptocurrencies that it mapped to the US dollar, euro, British pound and singapore dollar.
Libra currency, which will be launched in January, will equal 1 US dollar. At this point, it should be noted that the company will compete with USDC, PAX and Tether equaled to the US dollar.
Facebook is expected to launch the Libra wallet along with the new cryptocurrency. It is worth remembering that Calibra, a wallet developed by Facebook, was rebranded in May and renamed Novi.
You will be able to download and start using Novi's cryptocurrency wallet from the app markets without having a Facebook or WhatsApp account. Novi, which will come as a button to WhatsApp and Messenger, can be used as a fast money sending and receiving method if you wish.
You can earn for free here: https://uplibra.io?refer=61438
Source of news: https://webrazzi.com/