Transactions with Libra are very cheap, one can transfer Libra from anywhere to any part of the world with a smartphone and data connection.
Libra is backed by some of the most reputed business institutions in the world. To get hold of this new-age currency, you have to cash in your regular local currency and you will get amount equivalent to your cash in the form of Libra and like several other currencies which we use in our day-to-day lives, we can exchange our Libra at grocery stores, movies, to pay our bills, etc.
Unlike understanding several other cryptocurrencies, Libra is not a tangled thing, Libra is built in a way that even normal people will understand and this increases the scalability of Libra .
The Libra association is a compilation of companies that are founding members of Libra. 28 companies are participating actively in the association and the plan is to gather a total of 100 members who will be the validators of the Libra currency.
The Move is a programming language for developing and executing decentralized finance, smart contracts, and transaction logic.
To provide you with more information on Libra, one of our friends from Mrbtc.org has developed an infographic. Click here on Libra for infographic, we are excited to know your views on our work.