What is Libra Coin? Facebook announces Libra Cryptocurrency Facebook expects that consumers will be able to begin making actual purchases with Libra, although the number of purchases will be limited at first. The announcement is seen as a boon for other cryptocurrencies. Libra shall be instantly exposed to 30% of the world’s population, if successful. That alone is a massive plus point for the mass adoption for the digital asset. Facebook has reportedly been developing Libra for more than a year, and few details about the project have been available to the public. One thing that is known is that Libra will be pegged to a basket of government-issued currencies in an effort to preemptively counter the extreme volatility which has plagued other digital coins. Facebook teams played a key role in the creation of the Libra Association and the Libra Blockchain, working with the other Founding Members. While final decision-making authority rests with the association, Facebook is expected to maintain a leadership role through 2019. Thank you reading our content. For more details, kindly visit our website mentioned below; https://www.cryptosoftindia.com/ cryptosoftindia@gmail.com 1/124, DLF IT Park Rd, Ramapuram, Chennai, Tamil Nadu 600116 +91 6385 108 373