• About
  • Advertise
  • Contact us
The Trending Buzz
  • Home
  • News
  • Marketing
  • Technology
  • Personal Finance
  • Lifestyle
    • Relationships
    • Health and Fitness
  • Entertainment
    • Sports
  • Press Releases
No Result
View All Result
  • Home
  • News
  • Marketing
  • Technology
  • Personal Finance
  • Lifestyle
    • Relationships
    • Health and Fitness
  • Entertainment
    • Sports
  • Press Releases
No Result
View All Result
The Trending Buzz
No Result
View All Result
Home Infographic

Facebook Joins The Cryptocurrency Bandwagon With Libra Coin – Infographic

by The Trending Buzz
July 10, 2019
in Infographic, News, Personal Finance
Libra Coin
8
SHARES
153
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

The Wall Street’s magnates since years have worried that the Silicon Valley’s giants may shake up the present finance system. And Facebook thinks that it has found a solution to this, by launching its digital currency, called Libra, in 2020.

The Mark Zuckerberg’s Facebook earlier has failed to popularize on the Finance service. And it has been the not so liking guardian of others money, and it was given a habit of beating about the bush and privacy abuses. But the new scheme of the firm has got legs. The value of Libra will be added to the basket of few major cryptocurrencies, and it will also be able to handle the large transaction volumes along with the 28 other big firms who say that they will join the consortium backing to Libra.

If Libra is adopted by the Facebook’s 2.4bn users so as to shop and to transfer the money, then Libra can turn out to be one of the world’s biggest entities in financial system. And this will herald the consumer revolution, but at the same time can also make the financial system a bit unstable by reducing the sovereignty of governments’ economic.

The Facebook’s interest on Libra can be its own survival, because a new financial utility is being tied to its social-media and to the chat customers.

But yes this digitization to the finance system promises to make the life better, easier and also cheaper for billions of people across the world. The digital payments in china are ubiquitous, where its people can transfer money to their friends and firms with the help of a chat app for almost anything. The cheques signed every year in America are of billions and the fees are up to 5% for the basic cross-border transfer. The credit-card giants who charge about 0.25% from the global transactions which take place is the threesome, and it is worth over more than $30bn for each year.

To be more specific, the big techs have made wider inroads where the provision of the payments is restricted or limited and the penetration through mobile phones is high. For example, a large crowd of the population in the present evolving market economies remains to be unbanked; this mobile phone ownership rate has made the digital delivery of the essential financial services very high, which includes even the cashless payments, to the previously unbanked households along with the enterprises which are small and medium-sized.

These inroads were mainly seen in China but it has now expanded rapidly towards south-east Asia, east Africa and the Latin America. The Financial services remains to be still a small part of the big technology business, which represents about 11% of the revenues across a sample of the big technology businesses. And it is expected to expand more in the coming years.

Our friends at MrBTC.org comes with an interesting infographic on Libra, please checkout the following infographic.

 

 

Tags: CryptocurrencyFacebookFacebook CryptocurrencyFinance serviceLibra Coin
Share3Tweet2Send
The Trending Buzz

The Trending Buzz

From the latest news to media hype you just have to know about, Trending Buzz are here to provide you with an extensive nerve-centre, tuned into endless information. Come and join the content revolution! Get the latest buzz by following us on Facebook and twitter, or visit our website for the freshest updates.

Related Posts

concerns facing AI today

AI In The 21st Century: Most Pressing Concerns

by Rahul Sharma
April 8, 2021
0

The concept of Artificial Intelligence and its astonishing impact on the global economy and human lives is nothing new. With...

digital marketing trends

Top 6 Digital Marketing Trends To Look For In 2021

by Rahul Sharma
February 1, 2021
0

There was a time when concepts such as artificial intelligence and chatbots were deemed ambitious, verging on unattainable. Today, they...

best cryptocurrency investments

The Best Cryptocurrency Investments for 2021

by Rahul Sharma
December 21, 2020
0

There are now more than 8000 cryptocurrencies listed on CoinMarketCap, the largest crypto price tracking list in the industry. With...

Load More

Follow us

Tweets by TheTrendingBuzz
  • Trending
  • Comments
  • Latest
Racist Stereotypes

Modern Family Is Not So Modern! It is Filled with Clichés and Racist Stereotypes

July 2, 2018
Haunted by Your Ex

What to Do If You Are Haunted by Your Ex? New Trend in Dating

March 13, 2020
Cloud Storage Services Startups

The 5 Best Cloud Storage Services for Startups in 2019

April 15, 2019
best cryptocurrency investments

The Best Cryptocurrency Investments for 2021

December 21, 2020
Top Secrets of Maximizing Your Website’s Value before Selling It

Top Secrets of Maximizing Your Website’s Value before Selling It

16

How To Make Yourself Smarter With Delicious Food

5
Partnerships

Introducing The Eighth ‘P’ In Marketing: Why Partnerships Are Now A Vital Piece Of The Puzzle

4
The Summer Essentials Your Wardrobe Can’t Do Without

The Summer Essentials Your Wardrobe Can’t Do Without

2
concerns facing AI today

AI In The 21st Century: Most Pressing Concerns

April 8, 2021
digital marketing trends

Top 6 Digital Marketing Trends To Look For In 2021

February 1, 2021
best cryptocurrency investments

The Best Cryptocurrency Investments for 2021

December 21, 2020
thanksgiving marketing ideas

Eight Simple Yet Effective Thanksgiving Marketing Ideas to Boost Your Business

November 18, 2020

The Trending Buzz

At The Trending Buzz, we create and curate premium news content to keep our readers informed about the key happenings around the world.

Contact us: rahul@thetrendingbuzz.com

Categories

  • Home
  • Marketing
  • Technology
  • Personal Finance
  • Lifestyle
  • Relationships
  • Health and Fitness
  • Sports
  • Entertainment
  • Press Releases
  • Tips & Tricks
  • Uncategorized

Newsletter



  • About
  • Advertise
  • Contact
  • Who is Behind The Trending Buzz
  • Press Releases
  • Privacy Policy

COPYRIGHT © 2020 THE TRENDING BUZZ. ALL RIGHTS RESERVED.

No Result
View All Result
  • Home
  • News
  • Marketing
  • Technology
  • Personal Finance
  • Lifestyle
    • Relationships
    • Health and Fitness
  • Entertainment
    • Sports
  • Press Releases

Copyright © 2020 The Treanding Buzz. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.