Facebook launches Libra Currency, Paytm and Google Pay Collision, Know all the special things related to it
Facebook will launch its CryptoCurrency Libra in 2020. At the same time, the company will launch 'Calibra' digital wallet in the same year. The company has informed that Calibra is a global cryptosystem, which has been built on blockchain technology.
Facebook launches Libra Currency, Paytm and Google Pay Collision, Know all the special things related to it
The legendary social media platform Facebook has curtailed its digital currency. Facebook has announced its Cryptoconcity Libra. Use Facebook's service without any credit card and bank account. The company has introduced its cryptology as 'Libra'. There will be no charge for shopping or sending money to anyone.
Facebook will launch its CryptoCurrency Libra in 2020. At the same time, the company will launch 'Calibra' digital wallet in the same year. The company has informed that Calibra is a global cryptosystem, which has been built on blockchain technology.
Although Facebook will not have the sole control on Libra, the companies for this cryptorcicon-based project, companies like PayPal, Visa, Spotify and Stripe have already given Facebook 10 million dollars. Its purpose is to enable Facebook to join them on their network. That is, the cryptocrycency will be available on all these platforms and users will be able to easily pay mobile recharge, taxi payment and bill through this.
Facebook says that at present, millions of people in the world live outside the country and earn money and send money to their homes. People have to pay $ 25 billion in fees to send money from one country to another country, but after the arrival of Libra crypto, people can easily send money to other countries without charge.
Difficulties will grow for these companies
Explain that currently India is Paytm and Google Pay Digital Payment App. Both of these apps are quite popular in India. Apart from this, there is also an app like PhonePay. At the same time, after Facebook's announcement, difficulties for Patmium and Google Pay can increase. Notice that Facebook owned by WhatsApp has billions of users, as well as the most users of Whatatsapp in India. In this case, the second digital payment service in the market may be shocked.
What is cryptocarcity
It is a digital currency, for which encrypted technology is used. Cryptocoordinary does not exist in the form of a physical bill or coin, but it is like the digital sign of computer code. Facebook is making a wallet for Libra so that it can be stored.
People will be able to buy and sell Libra as a crypto. It will also be able to exchange traded currency. However, it is not yet known where at which rate people will be able to transfer it.
How To Secure Your Digital Currency
Facebook has said that it is currently at the testing stage of Calibra. The company is working closely with Experts to deliver the safe to the product. Under the Caliber Customer Account Security Policy, only a few people will be able to access information. The company said that the Facebook Calibra user will not use the data for the Target Aid too.
Simultaneously, if the user's phone is lost or the user password is forgotten, then the company will also launch a dedicated support for it. At the same time the company has said that if a fraud occurs during the use of calibra then the company will compensate them.
Notice that many issues are already being run on Facebook's data leak, in which the company says that the safety of users who use Libra cryptoconcurrence will be fully taken care of.
What will be the benefit to the users
Users from Libra will easily send money and get the receipt on Facebook Messenger. Not only this, users will be able to transact the money through WhatsApp. Users will get a digital wallet app where they can keep track of all their transactions. According to the information given by Facebook, users will not have to pay any extra charge to send money to send money.
Facebook launches Libra Currency, Paytm and Google Pay Collision, Know all the special things related to it
The legendary social media platform Facebook has curtailed its digital currency. Facebook has announced its Cryptoconcity Libra. Use Facebook's service without any credit card and bank account. The company has introduced its cryptology as 'Libra'. There will be no charge for shopping or sending money to anyone.
Facebook will launch its CryptoCurrency Libra in 2020. At the same time, the company will launch 'Calibra' digital wallet in the same year. The company has informed that Calibra is a global cryptosystem, which has been built on blockchain technology.
Although Facebook will not have the sole control on Libra, the companies for this cryptorcicon-based project, companies like PayPal, Visa, Spotify and Stripe have already given Facebook 10 million dollars. Its purpose is to enable Facebook to join them on their network. That is, the cryptocrycency will be available on all these platforms and users will be able to easily pay mobile recharge, taxi payment and bill through this.
Facebook says that at present, millions of people in the world live outside the country and earn money and send money to their homes. People have to pay $ 25 billion in fees to send money from one country to another country, but after the arrival of Libra crypto, people can easily send money to other countries without charge.
Difficulties will grow for these companies
Explain that currently India is Paytm and Google Pay Digital Payment App. Both of these apps are quite popular in India. Apart from this, there is also an app like PhonePay. At the same time, after Facebook's announcement, difficulties for Patmium and Google Pay can increase. Notice that Facebook owned by WhatsApp has billions of users, as well as the most users of Whatatsapp in India. In this case, the second digital payment service in the market may be shocked.
What is cryptocarcity
It is a digital currency, for which encrypted technology is used. Cryptocoordinary does not exist in the form of a physical bill or coin, but it is like the digital sign of computer code. Facebook is making a wallet for Libra so that it can be stored.
People will be able to buy and sell Libra as a crypto. It will also be able to exchange traded currency. However, it is not yet known where at which rate people will be able to transfer it.
How To Secure Your Digital Currency
Facebook has said that it is currently at the testing stage of Calibra. The company is working closely with Experts to deliver the safe to the product. Under the Caliber Customer Account Security Policy, only a few people will be able to access information. The company said that the Facebook Calibra user will not use the data for the Target Aid too.
Simultaneously, if the user's phone is lost or the user password is forgotten, then the company will also launch a dedicated support for it. At the same time the company has said that if a fraud occurs during the use of calibra then the company will compensate them.
Notice that many issues are already being run on Facebook's data leak, in which the company says that the safety of users who use Libra cryptoconcurrence will be fully taken care of.
What will be the benefit to the users
Users from Libra will easily send money and get the receipt on Facebook Messenger. Not only this, users will be able to transact the money through WhatsApp. Users will get a digital wallet app where they can keep track of all their transactions. According to the information given by Facebook, users will not have to pay any extra charge to send money to send money.
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