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Tech Tips: Cryptocurrency Business

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FACEBOOK RECENTLY ANNOUNCED THE FUTURE RELEASE OF LIBRA, A CRYPTOCURRENCY THAT IS POS TO BRING DIGITAL CASH INTO MAINSTREAM USE SO, THIS SEEMED LIKE A GOOD TIME TO TAKE A LOOK AT IT AND SEE WHAT LIBRA IS AND WHAT IT IS NO WHEN MANY PEOPLE THINK OF CRYPTOCURRENCY THEY THINK OF BITCOIN, AND ALTHOUGH THEY MAY THINK OF BITCOIN NOT EVERYONE UNDERSTANDS HOW CRYPTOCURRENCY WORKS OR WHAT'S SPECIAL ABOUT IT

CRYPTOCURRENCIE S ARE ESSENTIALLY CURRENCIES THAT EXIST ONLY IN A DIGITAL STATE AND ARE NOT BACKED BY A HARD ASSET, BANK, OR NATION THIS MEANS THAT IT IS DECENTRALIZED AND NOT CONTROLLED BY A SINGLE ENTITY THIS IS WHY THE LIBRA THAT FACEBOOK ANNOUNCED IS NOT A CRYPTOCURENCY IN THE PUREST SENSE BUT MORE OF A FORM OF DIGITAL CASH, AND THIS IS A GOOD THING AT LEAST IN REGARDS TO BRINGING DIGITAL/ CRYPTO-CASH TO THE MASSES LIBRA IS GOVERNED BY THE LIBRA FOUNDATION, WHICH CONSISTS OF A COLLECTION OF COMPANIES, NON-PROFITS, AND VENTURE CAPITALIST SUCH AS MASTERCARD, PAYPAL, FACEBOOK, UBER, SPOTIFY, AND COINBASE TO NAME A FEW

LIBRA IS ALSO BACKED BY HARD ASSETS THIS IS TO PREVENT IT FROM BEING AS VOLATILE AS TRUE CRYPTOCURRENCIE S HAVE BECOME KNOWN TO BE AT TIMES CRYPTOCURRENCY HASN'T FOUND A PLACE IN THE EVERYDAY LIFE OF MOST PEOPLE FOR A NUMBER OF REASONS SOME OF WHICH IS THAT THE PROCESS ISN'T SIMPLIFIED AND ISN'T SEEN AS PRACTICAL FOR MOST PEOPLE TODAY THESE SAME THINGS WERE SAID OF DOWNLOADING MUSIC AND MOVIES OR ORDERING ITEMS VIA YOUR PHONE, BUT ALL OF THESE THINGS ARE COMMONPLACE TODAY

THERE ARE BETWEEN 7-8 BILLION PEOPLE ON THE PLANET AND A QUARTER OF THEM USE FACEBOOK THIS MEANS THAT LIBRA HAS THE POTENTIAL TO BE A GLOBAL CURRENCY WITH INHERENT BENEFITS USERS CAN TRANSFER MONEY ACROSS BORDERS WITHOUT BANKS IN REAL TIME SINCE FACEBOOK OFFERS A MARKETPLACE TO BUY AND SELL ITEMS, ADVERTISING, AND OTHER FEATURES, YOU HAVE NO SHORTAGES OF WAYS TO USE LIBRA YOU CAN ALSO USE LIBRA OUTSIDE OF FACEBOOK

FROM DIRECT PERSON TO PERSON TRANSFERS AND TRANSACTIONS TO EVERYDAY CUSTOMER NEEDS SEEING AS HOW THE LIBRA CODE IS OPEN SOURCE, THIS INCREASES THE LIKELIHOOD THAT COMAPANIES WILL ADOPT SOME SORT OF LIBRA PAYMENT OPTION WHETHER OR NOT LIBRA TAKES OFF REMAINS TO BE SEEN, BUT THIS IS THE BEST CHANGE THAT CRYPTOCURRENCY OR DIGITAL CASH HAS TO ENTER MAINSTREAM USE FEEL FREE TO EMAIL ME YOUR QUESTIONS AND FOR NEWS 4 TUCSON I'M YOUR TECH CONTRIBUTIOR QUINCE HO

Source: Youtube

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