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Facebook Libra vs Bitcoin: Which is better and why?

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Facebook Libra vs Bitcoin: Which is better and why?
Credits: TechCrunch

Libra is a new cryptocurrency created by Facebook. Recently, it was announced on June 18, 2019. Moreover, the news was first leaked in May 2019. As per the sources, Libra’s former names are Facebook Coin and GlobalCoin.

Libra is soon going to become one of the most cryptocurrency sites. However, it has become a boon for the cryptocurrency industry. Plus, it has the ability to impact the online industry which Bitcoin has strived to do in its 10 years history.

However, there are some users who believe that Libra and bitcoins are similar. We have listed a few facts about Libra which will help you to understand the difference between both of them.

Difference between Bitcoin and Libra
1. Use-case

Libra is an easy mode of transaction where users can receive and send money online. Moreover, it has become a valuable tool for bitcoin users.

2. Adoption

The arrival of Libra has brought various powerful players like Uber, Mastercard, Visa, Hooking Holdings in the chaotic world of cryptocurrency. Besides, such tools have helped Libra to gain mass adoption.

The low fee transaction of Libra should encourage the users to use the token to receive and send the money. On the other hand, customers have reported that Bitcoin has slower and expensive transactions.

3. Volatility

Lastly, Bitcoin is volatile in nature. Moreover, it possesses several risks in the cryptocurrency world. Unlike Bitcoin, Libra can be considered as the safest mode of transaction.

Let’s hope Libra doesn’t face criticism from the customers. Also, the first version is expected to release in 2020. Check out The Geek Herald for more exciting updates.

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