Libra Takes It All?

Libra Takes It All?

On June 18, 2019 Facebook announced its virtual currency Libra, with the vision that Libra will become a global means of payment for the billions, especially for people without a bank account. The currency was first called “Facebook Coin” and “GlobalCoin,” pointing to its intended global reach, and later renamed to Libra. Why is Libra…

Libra vs. Bitcoin: What Are the Differences?

Libra vs. Bitcoin: What Are the Differences?

Facebook reported around 2.6 billion users at the beginning of 2020. No wonder Libra, the payment system backed by Facebook and two dozen supporting technological and financial companies, is touted as a financial system for billions of people. Libra is often compared to Bitcoin. Are these comparable? Let us look at the differences between Bitcoin and Libra.