The cryptocurrency's name doesn't appear to match its logo.
Facebook has come a long way from the days when each status was prefaced with 'is' and all your updates appeared on one ungainly page. In 2019 the social media giant is branching out in new directions, including the announcement that it will launch a cryptocurrency app, Libra. However Libra's logo has lead to confusion thanks to its distinctly Aquarian symbol.
If you missed the announcement earlier this week, let's quickly get you up to speed with Libra. The global cryptocurrency service is Facebook's first step towards blockchain domination. And don't worry if you don't know what blockchain is, our plain English guide explains all.
Basically, Libra is Facebook's answer to Bitcoin. Although unlike Bitcoin, Libra is backed by a reserve of assets. Facebook hopes it will be the first mainstream cryptocurrency, so expect to see a lot more of it in the near future. You'll probably be using Libra to buy all sorts of things, maybe even some sweet Amazon Prime Day deals.
By Dom Carter.
Full story at Creative Bloq.
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