Libra Coin: A Definitive Guide to the New Cryptocurrency Developed by Facebook [Infographic]

Today, the most trending thing on the internet is Libra Coin, a new digital currency developed and backed by Facebook for the digital world. Bitcoin (BTC) has skyrocketed from above $9,000 to over $12,000 since Facebook formally unveiled its Libra cryptocurrency protocol. There is no doubt that even Bitcoin, the world’s largest cryptocurrency, is benefiting from Libra.

According to Libra.org, Libra Coin is created with a mission of launching a simple global currency and financial infrastructure that empowers billions of people. Libra is a new cryptocurrency, a digital currency developed by Facebook that uses cryptography and powered by Blockchain, a method of protecting information, to verify transactions. Facebook plans to launch the Libra Coin in 2020.

So, what exactly is Libra Coin? Below is an infographic put together by our partner at mrbtc.org. The infographic provides a 5-minute overview of what Libra is and how it could be a game changer to the monetary world.