• News
  • Graphic Design
    • Web Design
    • Corporate Identity
    • Animation
  • Tech
    • IoT
    • Apple
    • Android
  • Marketing
    • Social Media
    • Digital Marketing
  • Entertainment
    • Movies
    • TV shows
    • Celebrities
  • Events

Facebook Libra: The New Member of the CryptoCurrency Industry

Facebook Libra: The New Member of the CryptoCurrency Industry
Rachel MFacebook, Social MediaJuly 2, 2019

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?

Facebook Libra: The New Member of the CryptoCurrency Industry

Source:PYMNTS.com

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.

 

ReadMore : Facebook Did it Again; Millions of Instagram Passwords were Exposed

 

What Do We Know More About Libra?

Facebook Libra: The New Member of the CryptoCurrency Industry

Source:Vox

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.

 

ReadMore : Logo Designing Tip and Guides; 5 Things To Remember

: CryptoCurrency, CryptoCurrency Industry, Facebook, Facebook CryptoCurrency, Facebook Libra
Rachel M
Rachel M
Rozina Karim is a writer by profession and connoisseur of everything perfect. With her desire to make her hobby as her profession, Rozina takes great interest in writing about the developments taking place in the social media world.

Related Articles

Entertainment, Facebook, News, Social Media
July 17, 2019

AREA 51; Even Brands are Participating in Setting Aliens Free

Facebook
April 19, 2019

Facebook Did it Again; Millions of Instagram Passwords were Exposed

Facebook, IoT, Technology
December 24, 2018

Stablecoin; Facebook’s Crypto Currency Is About To Launch

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Ad

Professional Logo
Get Started Now With Shutterstock

Need to Advertise Here?

If you want help with the advertising to the most creative people on the planet, then let’s talk.
Email: social@thedailydesigns.com

The Daily Designs is a one-stop shop to grab news straight from the designing world, technology world, animation, branding and all of what is on the internet and beyond.

QUICK LINKS

  • Graphic Design
  • Web Design
  • Animation
  • Branding
  • Internet of Things

Get Featured

  • Write for us

Follow us

  • facebook
  • twitter

social@thedailydesigns.com

Copyright ©2018. The Daily Design. All Rights Reserved

Privacy Policy – Terms of Use