Facebook Officially Announced Libra!!! What can you expect?!? + $70 BTC Giveaway
Today I am very glad to share with you three Cool news segments. Now, let’s have a look at them.
First, as you guys all expect, Facebook has introduced Libra coin and Calibra Wallet App in Global Money Pitch. Furthermore, the Litecoin Foundation announced a new debit card, allowing us to spend LTC like regular cash. And finally, in the fears of mainland control, Hong Kong protestors are collecting Bitcoin to protect themselves.
So, guys, we have lots of fantastic news to share with you today. If you want to hear all about them, please make sure you stay right until the very end!
Now once again, this week we are giving away $70 worth of Bitcoin. All you need to do is to like, comment, and subscribe, and you can go in the draw to win!! We will be announcing the winner this Saturday by drawing a video. If you love our videos and want to win $70 worth of Bitcoin, don’t forget to like, comment, and subscribe.
The Market Today
Now come back to today’s market. For the top 10 cryptocurrencies, we got bearish trends with Bitcoin, Ethereum, and XRM dropping by 2.44%, 2.77%, and 4.34% respectively. Meanwhile, Binance Coin and Litecoin increase by 1.63% and 0.41%.
Moving onto top 20, all the cryptocurrencies are in reds guys. Tezos are plummeting with 7.64%, while Cosmos and NEM also drop by 4.89% and 4.26%. respectively.
Facebook Releases Libra and Calibra
Let’s get straight to our first cool news. According to an article on Ethereum World news, Facebook has released Libra, its new cryptocurrency, and Calibra, essentially a wallet app for the Libra coin. By introducing new coin to the world, Facebook says that it is “reinventing money”. Sending money with Calibra will be super easy, just like sending a message or video for your friends on WhatsApp and Messenger, Facebook announced on the website of its news app. Accordingly, the app features will also be directly built into WhatsApp and Messenger.
And it is said that the network is scheduled to go live in early 2020. Calibra is still under development, but you can sign up now if you want early access. Yoni Assia, Co-Founder and CEO of eToro, commented:
Mark Zuckerberg talked about the need for people to have access to money in order to pursue their purpose. With 2 billion users, Facebook has the potential to create one of the largest financial platforms in the world.
So how about the transaction fee? Facebook writes on its website:
Transaction fees will be low-cost and transparent, especially if you’re sending money internationally. Calibra will cut fees to help people keep more of their money.
Facebook also announced that its new coin is backed by fiat and “other assets”. Written in the white paper of Libra:
Libra is designed to be a stable digital cryptocurrency that will be fully backed by a reserve of real assets — the Libra Reserve — and supported by a competitive network of exchanges buying and selling Libra.
Litecoin Launches its Own Debit Card
Now, moving on to the second piece of news for today. Per a report by the Daily Hodl, Litecoin is launching its own debit card to help its investors spend LTC like normal cash. It is not released yet, but once it is said to enable users to spend their cryptocurrency either online or offline. It’s developed for regular people who bought cryptocurrencies and also want to use them to pay as regular cash. Litecoin creator Charlie Lee says the new card will help propel LTC as a mainstream currency for travel, hotels, retail, services, entertainment and shopping. The card users will be able to spend Litecoin (LTC), Bibox Token (BIX) and Ternio (TERN). Do you know why? Because it is a collaboration of three crypto companies: Litecoin, Bibox Exchange and Ternio.
Announcing by The Litecoin Foundation:
The special edition debit card will first be released to United States residences and soon after for non-US customers. Bibox Exchange and the Litecoin Foundation will integrate the debit card directly into the Bibox Exchange and LoafWallet – the official Litecoin wallet. Users will be able to access their cards directly within these ecosystems, giving them instant access to spend.
Bitcoin Trades At A Premium in Hong Kong
And finally the last new item protests against a controversial extradition law of the Hong Kong government have resulted in Bitcoin trading at a premium in this country, reportedly on CryptoSlate.
While Hong Kong tycoons found their way to transfer the money to Singapore, local residents were also trying to diversify their assets and keep them away from prying Chinese hands. Tidebit, a local cryptocurrency exchange, has seen the price of BTC skyrocket, reaching prices almost $160 higher than the global average price.
Mati Greenspan, the senior analyst at eToro, pointed out on Twitter that:
Pictured is the HK exchange TideBit where a single BTC is going for 73,120 HKD ($9337). A total of $159 above Coindesk’s current rate.
So that’s a wrap-up, guys.
What are your thoughts on everything?
Will you register to be one of the first people to use Facebook’s cryptocurrency – Libra?
Do you think that Calibra wallet is safe and private enough for us?
Are you going to have a Litecoin debit card to pay all your bills with cryptocurrencies?
And if you are living in Hong Kong, will you follow others to secure your money with Bitcoin?
Finally, we love to give you our present of $70 worth of Bitcoin. So don’t forget to like comment and subscribe to get a chance to win our giveaway. It’s your girl Cindy with CryptoPig. I’ll see you guys around!
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Disclaimer: Cryptopig content is written by a team of blockchain passionate people. We are not registered as investment advisors. Don’t take the information in this post as investment advice and make sure you do your own research before investing. Cryptocurrencies are a very risky investment, never invest more money than you can afford to lose.