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Libra Coin News, Facebook Libra Cryptocurrency, Calibra Digital Wallet

Libra Coin News, Facebook Libra Cryptocurrency, Calibra Digital Wallet

Facebook STOCK INVESTORS are about to get RICH with LIBRA (Crypto Coin)

Facebook Calibra Wallet

Facebook STOCK INVESTORS are about to get RICH with LIBRA (Crypto Coin)

Facebook STOCK INVESTORS are about to get RICH with Facebook's NEW Crypto Coin – LIBRA. Facebook will raise up to $1 Billion USD.

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LIBRA Specs and facts, TLDR;
– You can buy Libra or cash out online OR at places like grocery stores
– Lets you buy products or send money for "almost" zero fees
– Spend it with wallet apps or Facebook’s "Calibra" wallet (integrated with WhatsApp & Messenger)
– They're in the testing phase for a public release in the first half of 2020
– Every transaction is written into the Libra Blockchain (which is verified and authenticated by the node operators which are big business and fortune 500 companies with a minimum market cap of $1 Billion USD, be in the top 100 S&P, and/or reach 20 million people a year)
– It doesn't run fractional "reserve" banking
– One dollar per one unit of Libra which is then burned upon converting back to the dollar
– Runs on a public online ledger with a speed of 1,000 transactions per second (Compared to Bitcoin's 7 TPS)
– Uses a system known as Byzantine Fault Tolerance with just two-thirds of the nodes needed to come to consensus
– Still considered a "PERMISSIONED" system in that the nodes must fulfill certain requirements to participate in the network
– Allegedly goal is to go decentralized and "PERMISSIONLESS" with a system that uses proof of stake

ABOUT: Urgent Stock Market news: Facebook announces it's top secret project LIBRA (tomorrow @Tuesday June 16, 2019) which is not a cryptocurrency coin at all, but what's known as a "Stable Coin". Similar to Tether, it's aimed at crypto investors who want to take their cryptocurrencies like Bitcoin and provide them with a safe haven to transfer into something more stable. In turn, Facebook hopes to raise more than ONE BILLION dollars from it's investors such as Visa, Mastercard, Paypal, Spotify, Uber, Lyft, Stripe, Coinbase and many more. This has huge implications for Facebook's Stock Price, and for their investors.

#FacebookStock #StockMarket #Investing

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