# <center>Meet the new virtual currency that will implement the social network Facebook</center>
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<center><a href="https://libra.org/en-US/"><strong>https://steemitimages.com/1000x1000/https://cdn.steemitimages.com/DQmWGMRyR2UY6WCWenFzB2sYYB13SPAkpNCNcUgQMr143ts/image.png</strong></a></center>
## <center>Libra Coin the new crypto currency "stablecoin"</center>
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### <center>Facebook has recently announced that it will implement the use of a centralized crypto currency based on Blockchain technology</center>
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<center>This news has the world of the crypto currencies somewhat impacted</center>
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From the first moment that the news was announced many opinions in favor and against began to shine, some experts in the world of cryptography say that the implementation of a centralized crypto currencies and controlled by an entity could mean that many users are forced to acquire this crypto currencies, which aims to have an estimated price and stable in the market.
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Facebook is one of the centralized social networks that dominates the market of social networks, has a millionaire amount of users who daily make active use of each one of the functions of this social network.
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This crypto currency will be linked to the value of other crypto currencies unlike Bitcoin (BTC), this currency will have a wallet which will be easily accessible for those who use the applications of Messenger and WhatsApp among other applications.
The company Calibra will be directly responsible for the management of the Libra crypto currency, which serves as a founding member and together with them the companies EBAY, Visa, Mastercard, UBER, PayPal Holdings among others, they will support the use of this crypto currency in international markets so that it has greater influence and reach in the markets with respect to other centralized and decentralized cryptoactives. Libra is linked to the price of other crypto currencies with strength and influence in the markets, in the same way it is being evaluated to link the price of the crypto currency with some currencies of global commercial use such as the U.S. Dollar and the Euro.
<center><a href="https://libra.org/en-US/"><strong>https://steemitimages.com/1000x1000/https://cdn.steemitimages.com/DQmWGMRyR2UY6WCWenFzB2sYYB13SPAkpNCNcUgQMr143ts/image.png</strong></a></center>
This news has cheered some and not others so much, the truth is that this initiative by the owners of Facebook will make many crypto currencies grab more strength and influence in internal and external markets, it is estimated that the price could quadruple due to the strong influence of this currency with the market of crypto currencies, now it is time to wait to see how this new opening is developed for Facebook users and see how the use, trade and transactions of the Libra crypto currency is evolving.
<center><a href="https://libra.org/en-US/"><strong>https://steemitimages.com/1000x1000/https://cdn.steemitimages.com/DQmZgWxXtWe8etvHBvFT9XqbBmXLrp9NPfijqepvh78cGEA/1_lwtMZwVDXHJq_P7VcDTAcg.png</strong></a></center>
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According to the Libra White Paper its main mission is to enable a simple global currency with a financial infrastructure that empowers billions of people and is easily accessible.
<center>Three main pillars that structure the functioning of Libra </center>
- It is built on a safe, scalable and reliable chain of blocks.
- It is backed by an asset pool designed to give it intrinsic value.
- It is governed by the independent Libra Association charged with evolving the ecosystem.
## <center>There are still some doubts about the behavior and equilibrium of its future cryptographic ecosystem </center>
## <center><div class="phishy">Libra</div></center>
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<div class="text-justify"><div class="pull-right"><a href="https://libra.org/en-US/"><strong>https://cdn.steemitimages.com/DQmU7AWFjKJFvwKWAMRhMNmccM36sYLmjU7o3rLCoQNi4uT/,mnhh.png</strong></a></div>
The Libra crypto currency will be based on the "Libra Block Chain", i.e. it will have a public, accessible and reliable opening, this is because it is intended to address a global audience, the software that implements the Libra Block Chain is open source and is designed so that anyone can have easy access to the public information of each user's transactions.
Facebook and Calibra want to provide their users and future new users with a new open and interoperable ecosystem of financial services where developers and organizations will build to help individuals and emerging companies to maintain and transfer the crypto currency Libra to encourage everyday use in any type of transactions.
<center>https://cdn.steemitimages.com/DQmQ2fNCerQVwsKAoWFyPjpSA3x7xK9ppTo66smgQTQq4Zu/Picture1.png </center>
Calibra has an extraordinary group of developers, economists, cryptographic and computer technicians so that Libra and its launch have the desired impact and influence required to once and for all position the currency in foreign markets.
<center>https://cdn.steemitimages.com/DQmQ2fNCerQVwsKAoWFyPjpSA3x7xK9ppTo66smgQTQq4Zu/Picture1.png </center>
According to the Libra Technical Sheet, this new cryptographic ecosystem will have as a priority to achieve scalability, security, performance, efficiency and performance in its storage power and adaptability over other open source platforms, based on chains of blocks.
Libra has a real backing of real assets, this will make Libra has a strength, stability and strength in the long term, ie, its users can have the guarantee and security that its value will be stable and then could increase its price a little according to its influence in the markets. Libra has the challenge of being accepted by many financial, industrial, commercial and government entities of the world, so that its influence is total and absolute with respect to other centralized and decentralized crypto currencies. If you want to know a little more about how Libra's operation will be structured and its reserve of real assets you can enter <a href="https://libra.org/en-US/about-currency-reserve/#the_reserve" >here</a> and get a little more fresh, timely and truthful information.
<center>https://cdn.steemitimages.com/DQmQ2fNCerQVwsKAoWFyPjpSA3x7xK9ppTo66smgQTQq4Zu/Picture1.png </center>
Libra will be run by an independent non-profit Association based in Geneva, Switzerland, this association will have as its main mission to coordinate and provide a framework for network governance and reserving, leading the granting of grants for social impact in support of financial inclusion. The chain of Libra blocks has as its main mission, vision and scope to help and propel the largest number of users towards the global financial market.
<center>https://cdn.steemitimages.com/DQmQ2fNCerQVwsKAoWFyPjpSA3x7xK9ppTo66smgQTQq4Zu/Picture1.png </center>
There are many expectations for this new ecosystem proposal based on a centralized chain of blocks, hopefully everything will go well for both those responsible for and developers of the project and for users and future users of Facebook.
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</p></div><br /><center><hr/><em>Posted from my blog with <a href='https://wordpress.org/plugins/steempress/'>SteemPress</a> : http://mars.rockdio.org/2019/06/26/libra-the-new-cryptomeneda-that-aims-to-embrace-the-global-market/</em><hr/></center>