💰 Libra: Facebook confirms its cryptocurrency launching in 2020
#Libra is designed not to be a speculative asset, like #Bitcoin, but a form of digital money backed by a reserve of assets.
The company has formed the nonprofit Libra Association with 27 other partners to oversee Libra and its development. The partnership includes venture capital firms, nonprofit organizations, #cryptocurrency firms, and massive corporate financial, telecommunications, and technology service providers, including #Coinbase, #Mastercard, #Visa, #eBay, #PayPal, #Stripe, #Spotify, #Uber, #Lyft, and #Vodafone.
While the Libra Association will have members based globally, it will be headquartered in Geneva, Switzerland🇨🇭
Facebook has a business incentive to build on top of the Libra #blockchain, and it’s launching its own subsidiary to do just that called #Calibra (see the GIF below - Credit: Facebook). According to Kevin Weil, Facebook's VP of Product, Calibra will live inside of Facebook Messenger and WhatsApp at launch, but will also have a standalone iOS and Android app.
🔗 Read more the Verge.
🚀 @PerspectiveIX
#Libra is designed not to be a speculative asset, like #Bitcoin, but a form of digital money backed by a reserve of assets.
The company has formed the nonprofit Libra Association with 27 other partners to oversee Libra and its development. The partnership includes venture capital firms, nonprofit organizations, #cryptocurrency firms, and massive corporate financial, telecommunications, and technology service providers, including #Coinbase, #Mastercard, #Visa, #eBay, #PayPal, #Stripe, #Spotify, #Uber, #Lyft, and #Vodafone.
While the Libra Association will have members based globally, it will be headquartered in Geneva, Switzerland🇨🇭
Facebook has a business incentive to build on top of the Libra #blockchain, and it’s launching its own subsidiary to do just that called #Calibra (see the GIF below - Credit: Facebook). According to Kevin Weil, Facebook's VP of Product, Calibra will live inside of Facebook Messenger and WhatsApp at launch, but will also have a standalone iOS and Android app.
🔗 Read more the Verge.
🚀 @PerspectiveIX
💰 Biggest Bitcoin Transaction Yet
The biggest #Bitcoin transaction in history was sent literally just today.
- 88,857 BTC almost worth $1.15 billion
- Transaction fee was ridiculously low at $3.54 (view the transaction here.)
In comparison, fees charged for this transaction would be (via ChrisMessina):
- #Paypal, if international: $50,737,750.32
- Paypal, if domestic: $33,440,790.09
- #Stripe: $34,439,536.65
🦅 @perspectiveix
The biggest #Bitcoin transaction in history was sent literally just today.
- 88,857 BTC almost worth $1.15 billion
- Transaction fee was ridiculously low at $3.54 (view the transaction here.)
In comparison, fees charged for this transaction would be (via ChrisMessina):
- #Paypal, if international: $50,737,750.32
- Paypal, if domestic: $33,440,790.09
- #Stripe: $34,439,536.65
🦅 @perspectiveix