Facebook’s Cryptocurrency Libra and What You Should Know
Facebook’s new global currency “Libra” has been anticipated for the past two years as rumors about Facebook’s cryptocurrency over the last year. Now that Facebook announced its highly anticipated cryptocurrency will launch with 100 distributed computer nodes and servers at launch, backed by key players from all sectors of the economy, Libra promises to work alongside the existing financial system. Expected to launch in early 2020, Libra is slated to be a stablecoin backed by Fiat currencies and securities. Libra is backed by 27 partners including some of the world’s largest corporations. The partners will oversee Libra’s operations through an…