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Home Science & Tech

LIBRA

May 20, 2020
in Science & Tech
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Why in news?

  • It’s the new crypto currency of Facebook

The crypto currency

  • The Libra has been unveiled by Facebook, based on the Libra Block chain; it’s backed by the Libra Reserve.
  • Calibra is the digital wallet announced by the company.
  • It’s available on android and apple platforms and can be used in social networks like What Sapp and Facebook messenger.
  • The name is inspired by the origins of money in Ancient Rome, where the Libra was a unit of weight used to mint coins.
  • It is derived from the French word and the astrological symbol

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Tags: Prelims

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