facebook libra coin

The persons behind the scheme maintain a responsive fake customer service desk as shown in the screenshots he shared with us: Worth noting is that there is currently no Libra token or pricing provided by Facebook or anyone at all. As the Wall Street Journal reports, Alipay and WeChat Pay are even used by panhandlers. Talk about widespread adoption: Facebook’s reach is so vast that Libra may become a new global currency overnight, on par with the dollar and the euro. This implies it’s not tied exclusively to Facebook, but rather as a real currency that can be bought, sold, and traded. It’s a stablecoin.

Even though Facebook has not yet gained the necessary approval from regulators to launch the Libra token, scammers are adopting several techniques of defrauding investors who want to invest in the Libra project. For blockchain investors, this is yuge news.

Think of it this way: when was the last time you bought something on Facebook? Value is driven by users. By partnering with exchanges, Facebook is signaling that it will not be tightly centralized. So people everywhere can live better lives.

Done correctly, it will make Facebook a global player in financial services—and the world economy. Because Libra is envisioned as a stablecoin (e.g., a digital currency with a stable value, like the dollar), the value of the new economy would likely flow into Facebook’s stock price. Although details have not been confirmed, it is likely that Facebook will use its new currency to enable payments within the Facebook platform. In other words, for every dollar invested in Libra, consider a dollar in FB stock. A new global economic power. Subscribe to our weekly Newsletter. It was earlier dubbed as the FacebookCoin or the GlobalCoin. Provide people everywhere access to safe and affordable financial services. The estimated launch is 2020. According to its developers, the company plans to create an international currency and financial infrastructure that will be used by billions of people all around the world. Trusted by over 100,000 blockchain investors. Its seeds were sown in May 2018 when Facebook, the company behind the coin, established a blockchain division. Another tactic the platform uses to lure more clients is by convincing potential investors that the number of Libra tokens in the pre-sale offering is 100,000.

Through “end-to-end encryption,” which he points out is already built into Facebook-owned WhatsApp.
In the past, fraudsters have created websites, offering fake pre-sales of the Libra token to steal from unsuspecting victims. Unlike other Libra scam websites, LibraGlobalCoin took a step further to integrate official materials of the Libra project, especially the project’s whitepaper, and image, to make it look authentic to unsuspecting investors. WeChat Pay is owned by Tencent, the massive Chinese conglomerate, and baked into China’s popular WeChat social media platform.

About Facebook Libra Libra is built on an open-source blockchain called the Libra Blockchain featuring its own proof-of-stake protocol. And by using blockchain, Facebook is signaling this is not an “in-game currency,” accessible only to Facebook users. How will we achieve all this privacy and security? The Association. The challenge for digital currencies is making them so easy that your grandfather can use them. In a digital age, paper money is pretty terrible.

Here’s how it might happen.

Libra cryptocurrency is a native coin as part of the open-source blockchain protocol, the Libra Blockchain, a consortium spearheaded by Facebook, the social media company. FACEBOOK LIBRA BAKKT BINANCE JP MORGAN WANT TO CONTROL YOUR MONEY Bakkt has announced its launching date and Facebook, Binance, JP Morgan are also trying to launch their crypto coins nearly in future. Libra Coin is making waves across cryptosphere and beyond. However, the project’s launch scheduled for this year remains uncertain because of constant scrutiny from regulators as they fear the cryptocurrency could wreak havoc on the global financial system. (Download the white paper here.)
It’s a very big, very secret team. The blockchain is about people: the more people who use a blockchain, the more valuable it becomes, due to network effects.

Investigations conducted on the platform’s ETH address on popular Ethereum data provider, Etherscan, shows that it has amassed approximately 23 ETH ($10,945), with the funds being moved immediately to another ETH address. They want to trade it on exchanges.

Private. For the latest information on Libra, as well as great investing ideas, subscribe to our Bitcoin Market Journal weekly newsletter, because it’s free! Investigations conducted on the platform’s ETH address on popular Ethereum data provider, Etherscan.

Following the initial publication of this review, a certain user who wished to remain anonymous contacted Coinfomania with proof of another reason why many are apparently falling for the Libraglobalcoin.io scheme. As you can see in this video, WeChat Pay lets you can easily buy from retailers and restaurants by scanning a simple QR code. “Encryption,” Zuckerberg says, “is decentralizing.” What else is decentralized? Morgan Beller started working on cryptocurrency and blockchain at Facebook in 2017, and was initially the only person working on Facebook's blockchain initiative. The website promises early investors enticing benefits for their contribution to the birth of the digital currency. Trading will be a rich area of opportunity, especially at launch. In addition, the platform further runs a referral program, which urges users to invite their family and friends in order to earn a bonus of $1.5 worth of Libra for every completed referral. Moving money around the world should be as easy and cheap as sending a message. The beginning of the next wave: If the new Facebook coin takes off, expect other tech companies to follow suit with their own digital currencies.

Each site requires you to re-enter your credit card, you have to manually pull out the credit card to check the three-digit code, you have to update credit cards when they expire, and you have to pay interest if you carry a balance. c_display_preferences.zone = "5375d401e79efac6242"; These bogus websites are professionally built and have launched intensive ad campaigns on numerous platforms, including Facebook, to lure more investors.

While we are generally fans of blockchain value investing (“buy and hold”), there will be many opportunities for trading (“buy and sell”), including arbitraging against other stablecoins and other global currencies. Before long, we might be calling him Mark Zuckerblock.

With this, Libraglobalcoin.io has issued an indirect warning to investors that the token sale will end as soon as the 100,000 Libra tokens are sold. To see why, let’s compare Libra with other global payment methods. Conduct your own research before making any investment decisions, Please check your email to confirm your subscription.

Facebook says Libra is a “global currency and financial infrastructure”. And, he said, “we all expect to be able to do things like payments privately and securely.” (Emphasis mine.).

These two have emerged as the “Mastercard and Visa” of the Chinese payments world. Paper money is inconvenient (if you leave it at home, you can’t buy anything). Sign up for our newsletter and keep us honest. It’s like Facebook is minting its own money: truly a “Facebook coin.”. Since Facebook announced its Libra initiative in 2019, the firm has been facing heavy regulatory scrutiny, which prompted the social media giant to put the project on hold pending when regulators give their approval. China has become an almost cashless society: Alipay and WeChat Pay are so widely used that the Chinese government has to remind merchants that they still have to accept cash. What we’re describing is not just a payment system like Apple Pay or Venmo — it’s an actual currency that can be used instead of dollars. Will it Ever Launch?

On the website, the price of one Libra is sold at $0.74 and investors can purchase the token using either their credit card or selected cryptocurrencies, such as Bitcoin (BTC), Ether (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). Libra Coins are backed by a reserve of assets made up of cash or cash equivalents and very short-term government securities. c_display_preferences.width = "728"; Facebook’s new cryptocurrency is called Libra, after the Roman unit of measurement used to mint coins. A user-friendly cryptocurrency. Libra is built on an open-source blockchain called the Libra Blockchain featuring its own proof-of-stake protocol. You can imagine Mark Zuckerberg’s exasperation: his company is under fire from governments, while governments use his company to spread state propaganda. Even though the Libraglobalcoin.io platform looks quite professional, there is no doubt that it is a scam. Use provided information at your own risk.

By creating a new Facebook cryptocurrency, Zuckerberg is giving traditional government-owned currencies a run for their money. You can buy Facebook Libra currency from coinDesk and from coin base if you are from American country. Like Facebook, WeChat has a huge network of brands and publishers who host their own WeChat pages, and WeChat Pay makes it easy for them to accept payment. The $20 price provided is designed to make a prospective victim feel as if they’re missing out by not investing in the fake token.

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