It hasn’t been long since Facebook quite a time since Facebook announced its possibility of cryptocurrency, Facebook Libra. But we have found numerous global organization already rooting for the plan.
Facebook’s cryptocurrency, Facebook Libra, is becoming a topic of interest for central banks. These banks have become more interested in the idea of creating their own digital currencies, just like Facebook. The head of the Bank for International Settlements’ comments proven that the banks are having a similar approach as the mighty social need platform, Facebook.
“Many central banks are working on it; we are working on it, supporting them. And it might be that it is sooner than we think that there is a market and we need to be able to provide central bank digital currencies,” Carstens said in a new interview with the Financial Times.
But this brings us to a question that what actually is Libra and why has it grabbed so much attention of the central banks?
Facebook Libra; Where Has The Idea Come From?
Now that we are familiar, that besides Bitcoin and Ethereum, Facebook Libra is about to make its debut in the bitcoin industry, here is the background of it:
Not most of you know this but the hunky twin guys from Zuckerberg Harvard’’s class claims that the idea of a social networking site, like facebook, was originally their concept. The claimed that the Facebook CEO Mark Zuckerberg stole the idea from them.
The twins, Tyler and Cameron Winklevoss, have busied themselves since their Harvard days – they’re 37 now, while Zuckerberg is 35 and now reports have it that Facebook Libra comes from the old trunk as well.
The twins have cryptocurrency called Gemini, which is an air sign, just like Libra. Here’s a little astrology buff from entertainment:
Geminis are stereotypically scarier than Libras. Gemini is the sign of twins and is associated with two-faced-ness. Plus, it’s a mutable air sign, which makes it somewhat unstable. Libra, as a cardinal sign, is somewhat more stable. Libra sees both sides; Gemini tries to be both sides.
What Do We Know More About Libra?
Libra association with Facebook proves that it will be much more stable. Also, it’s been predicted that when other cryptocurrency companies like Bitcoin have major fluctuations, Libra will remain flat. This will make it more like actual money.
All the hype that Libra created is because of the statements released by owners of central banks.
The BIS report, however, not only focuses on cryptocurrency still the head of research Hyun Song Shin has given us reasons why the social networking site is getting more attention. In his statement, he had made it clear that the company is taking Libra very seriously.
Well, so are we, Shin, so are we.