In the modern world, there is so much change and so many new ideas and inventions. Cryptocurrencies have been around for over a decade now and the concept of them has been absorbed and is welcomed in many societies, trading markets and at online casinos. Facebook, the most successful online media giant in the world has realized the benefits of a virtual currency and for the past few years has been working on the development and implementation of a new cryptocurrency that will launch in 202. This new currency is called Libra and users will be able to buy coins in record time with no waiting around for the currency to load or an algorithm to be created. Libra is built on hundreds of blockchains just like other cryptocurrencies, but it is faster and more efficient in every aspect. The Libra currency will be used through Facebook communications such as messenger and WhatsApp and will also spread to be used on other platforms.
The Advantages of Libra
Libra will not be held in a bank account, but its value will be based on real money transactions and therefore it is thought that it will be more valuable and hold its value better than any other cryptocurrency. Libra like other cryptocurrencies will be held in a special wallet until it is used. This wallet is called a Calibra wallet and it is totally secure. With just one instruction users of Libra will be able to move their money from one merchant to another, through Facebook messenger, WhatsApp and other chat and online programs. The system is very user friendly and this offers a huge advantage over other cryptocurrencies that take time to load and have complicated wallets and buying instructions. No interest is taken for trading Libra making it a more attractive proposition for many users and the fact that it does not require a huge memory or power to download.
Libra for Online and Mobile Gambling
Naturally one of the main uses of Libra to start with will be for online and mobile gambling. Paying with Libra will be hassle free and will give the player instant access to real money games in a secure and tight environment. With the 2024 launch approaching online and mobile casinos are gearing up to use this lightweight and easy to use cryptocurrency that offers person2person, ecommerce and direct spending on apps without any hassle. It will take time for casinos and other business to adopt Libra but once it is up and running, the prediction is that this will be the currency of the future offering a more stable , secure and instant alternative to Bitcoin and other cryptocurrencies at the same time as giving the user a user friendly system that enables him to deposit, pay and trade with just one flick of his phone.
