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The cryptographic market attracts an increasing number of entities, including social media. Facebook he officially announced the introduction of his own kryptowaluty Librawhich will be served by Calibra application. Its operator is a Facebook branch responsible for financial services of the same name. However, opinions about the new project of the most profitable social networking site are divided.

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Facebook launches its Libra cryptocurrency

New cryptocurrency named Libra, which Facebook has announced officially to launch, will be available as early as next year, and will allow in the initial stage of its issue to execute transactions via platforms Massenger i WhatsApp.

The Calibra application belonging to one of Facebook's financial branches with the same name will be responsible for its service. tokens Libra they will be thanks to a special currency pool "Libra Asset Reserve"Related to FIAT currencies.

Virtual Facebook currency based on technology blockchain enable the payment to be made conveniently via the Internet, and people who do not have access to traditional banking services may also use this option.

Project Calibra will be additionally supported by the organization Libra Association, which brings together trading and financial companies close to 30, including MasterCard, Coinbase, Show, PayPal, eBay, Uber.

Fully consistent with the rules of Calibra will contribute to the development of the cryptocurrency market

Representatives of the cryptocurrency environment are of the opinion that Facebook's accession to the digital asset market can attract a large number of subsequent users.

Projects such as the Calibra application will also enable a better understanding of the rules for trading in digital currencies.

Although there are many complaints about the digital market regarding the lack of unambiguous regulations, as the company's CEO emphasizes Crytpo Servises Circle, the US cryptocurrency market has been regulated in the United States since the 2013 year, and digital exchanges operate on the basis of regulations ALM i KYC.

According to assurances The Zuckerberg brand, the head of Facebook, Calibra application supports Libra it is to be subject to exactly the same rules as payment service providers, therefore the transactions will be as secure as possible.

Controversies

The combination of Facebook and the financial industry via cryptocurrencies is controversial because the market does not have unambiguous legal regulations, and its investors have already fallen victim to hacker attacks.

In addition, the US commission for financial services has accused the platform of uncontrolled development and too much interference in the lives of users.

European politicians, on the other hand, point out that solutions such as Calibra may favor the financing of illegal activities, and therefore Libra it should not become an independent currency. Representatives of the banking sector believe, however, that the project should be subject to international analysis.

Development of the cryptocurrency market thanks to social media

Facebook is not going to stop at introducing Libra. Mark Zuckerberg announces that the platform plans to introduce more payment services. In addition, according to many experts, cryptocurrency, which will be moderated by Calibra, may encourage users to use decentralized currencies, such as Bitcoin. Just waiting for Facebook's groundbreaking cryptocurrency has contributed to a significant revival of the virtual payments sector.

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