Facebook's Libra is coming to smuggle out Bitcoin; Can it be used in India? Everything you need to know...



Facebook comes with cryptocurrency. Facebook has named their cryptocurrency as Libra. The Libra release is expected to be complete in 2020. The Libra Association will be behind the currency. Facebook says it will target those who don't use the banking system in the new currency.

Facebook is not in full control of Libra. Libra is controlled by a total of 27 companies. Some of the companies that have joined hands with Libra include Uber, Mastercard, Visa and Spotify.

Facebook claims to make transactions anywhere in the world using Libra. The user will not be charged for these transactions. With the speed and speed of sending a text message, anyone can exchange Libra Crypto currency with Calibra for very little or no cost.

claims to makein the world using. The user will not be charged for these. With the speed and speed of sending a text message, anyone canwithfor very little or

using Libra are completely centralized and private. Let's start with the Libra currency by installing an app called Calibra. Facebook will also create reserves to keep Libra's price down. Bank deposits and government securities will be carefully guarded for every Libra created. Facebook aims to make Libra the world's best currency. Libra is expected to grow as a challenge to Bitcoin Transactions

Can it be used in India?

Libra buying and selling in India is only possible if the RBI allows banks to exchange. Libra can be exchanged with the rupee if the RBI gives permission. In that case, global cash flow would be easier without central bank intervention.