In June Facebook will present its cryptocoins called Libra. According to TechCruch, it is to take place exactly on June 18. Facebook hopes that the crypto will be accepted in developing countries, whose traditional currencies are often unstable. The question arises where to buy Lirbra crypto coin?
Where to buy Libra crypto?
At the moment there is no answer, where you can buy Libra crypto. It is speculated that it will be the Binance or BitFinex exchange. For now, it is known that Facebook tokens can be used in applications belonging to the group, such as Messenger or WhatsApp, but the company is also thinking about physical terminals reminiscent of ATMs. Merchants who use Libra to settle their transactions will receive special bonuses from Facebook.
Until recently, it was said that Facebook will present its cryptocurrency in 2020, but the work has clearly accelerated, because the project is to be ready for debut.
|Financial stability is a worry too and regulators should ask for transparency on how Libra is structured. The token is expected to be a “stablecoin,” which is pegged to existing fiat currencies such as the U.S. dollar or the euro. (Bloomberg.com)|
Facebook encourages people to buy cryptocurrencies!
The site recalls that during the F8 developer conference in April, Facebook announced several new features related to shopping in the company’s applications – it made it possible to buy products directly from influencers, allowed companies to place product catalogues on WhatsApp and allowed salespeople using the Facebook Marketplace to send products to customers via Facebook. All this to make buying and selling easier.
However, these features are available in the US market for the time being. But in many countries, Facebook has introduced the ability to add price tags to photos of Instagram products, which redirect the user interested in the product to a page where the product can be bought.
The Information reports that Facebook would like to create a foundation that would manage the crypto currency, which may be a movement related to the fact that the trust in the Facebook brand has fallen dramatically after numerous scandals.
Unofficial information suggests that the team members working on Libra could have decided whether they wanted to be paid in tokens or in a standard form.
|How can i buy facebook libra coins?
At present, Libra is not available. Documents are being prepared for publication. Check Reddit for more news >
Will Libra be popular? What are the predictions?
Bloomberg reminds that Facebook hasn’t exactly done much to earn everybody’s trust in recent years. The attempt to introduce a revolution in online payments through Facebook brings with it many risks, from antitrust concerns to the threat that FB may pose to financial stability.
According to a recent tweet from Jeremy Allaire, the chief executive of Circle, the launch of Libra will be a “massive inflection point in global adoption of cryptocurrency”. The prominent entrepreneur adds that by June 21st, he fully expects for Bitcoin to be valued at $10,000, “marking start of Crypto Summer.”
Many experts note that Facebook enjoys popularity, so at the beginning of Libra’s sale – the price will be high. But other runky experts will invest in stable crypto coins. It’s hard to deny it, because every new coin enjoyed great interest in 2017. Now people know that many of these currencies are not worth much.
Predictions about Libra are different. For example, on the Fortune.com website we read that critics lay into Facebook for its seemingly monopolistic dominance referring to the powerful alliance Facebook has reportedly brokered between so many corporate giants, including Visa, Mastercard, PayPal and Uber.
But CEO of the Zcash company, offered some support. “Unpopular opinion: I think the fact that Facebook is working on a crypocurrency is awesome,”. Also he said:
“It will be remembered as just as important — and transformative — as the launch of the Netscape browser.”
As you can see above, there are emotions, there is euphoria. The first month will be good for Facebook Libra, but what will happen later is too difficult to predict.