Some facts about Libra, Facebook’s new cryptocurrency

1. Video Resource:

This is a recently uploaded video from TechCrunch channel on Youtube. The man in this video explains Libra in a very understandable way that’s close to our lives. He explains how Libra can make payment more convenient, what can it be applied to and why people should use it once it comes out.

 

2. Official Website:

https://libra.org/en-US/

This is Libra’s official website which released the white paper of Libra. In the white paper, Libra Association officially explains the reason for creating Libra, the technology and support behind it, the value and opportunity of Libra. As it’s the official white paper, it’s the most reliable and comprehensive way that people can learn about Libra.

 

3. News Article:

https://www.bbc.com/news/world-africa-48882301

This is the most recent news from the BBC regarding Libra’s potential effect on Africa. This news indicates that Libra’s primary target users in the early stage are people in the less developed countries as currencies and transactions there are not very reliable. This new also indicates the potential security risks to compare the advantages and disadvantages of Libra in Africa.

 

4. Writings from a Bitcoin Researcher:

https://www.forbes.com/sites/ktorpey/2019/06/28/the-roundabout-way-facebooks-libra-cryptocurrency-can-help-the-bitcoin-price/#c093823483c3

The writer states that Libra brings lots of confusion and uncertainty as Libra hasn’t come out yet. People still have many questions and the information we have could be speculation. He also compared Libra with Bitcoin and predicted the possible influences from Libra to Bitcoin.

 

5. Other Online Resource:

https://www.theverge.com/2019/6/26/18716326/facebook-libra-cryptocurrency-blockchain-irs-starbucks

This source is a recent report from an original online media. It explained the mechanism and expectations of Libra by answering some questions that people care about the most. This report compared the advantage and potential problems that Libra could have.