What is Facebook Libra?

What is Facebook Libra?

What is Facebook Libra? It is a permissioned blockchain-based payment system proposed by the American social media company Facebook. The plan also includes a custom currency that is implemented as a cryptocurrency. The currency and network are not yet active in transactions.

When will Facebook Libra be released?

Trials are ongoing and it seems that it will be allowed to be used as of January 2021.

To use Libra, you need a virtual wallet. For this, Facebook introduced the Calibra virtual wallet. We'll cover Facebook caliber in another article.

How many dollars will be 1 Libra.

It is stated that the value of the digital currency will be 1 dollar.

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