Libra Flashcards
1
Q
What is Libra ?
A
It is a digital currency launched by Facebook
2
Q
Who runs it ?
A
Libra Association , a Geneva based entity with many partners like FB, VISA, Uber etc
3
Q
Security principle used ?
A
Same as Bitcoin
4
Q
But how is Libra more profound ?
A
Bcoz it has been backed by traditional companies like Paypal, Visa etc
5
Q
Base value ?
A
Multiple real world currencies like $ and Euro
6
Q
Reason to establish ?
A
To make FB’s ads more valuable by enabling smoother transactions and payments online especially those without credit cards and bank accounts
