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Facebook Coin Libra will be destroyed by the Metal app

2019-08-20 10:35 am | Resource: News Section | No Views : 45

Facebook Coin Libra will be destroyed by the Metal app Launched as a full-fledged version, Metal Crypto pushes the market and destroys Facebook Coin Libra announced by Facebook in mid-June, especially the founders of the app.
In a social media post on Monday, August 19, Eric Veneman, co-founder of Metal, and former QuickCoin founder Marshall Heiner confirmed that users can now send and receive a range of cryptocurrencies.
The application functions as a P2P payment application, and now supports various tokens including Bitcoin (BTC) and Ethereum (ETH).
Veneman, best known as the youngest Bitcoin millionaire in the world, summarized the application as follows:
"We will finally bring cryptocurrencies to people - in ways that Facebook or Facebook Coin Libra only want in their power."
He added that the offer will destroy at the end of Libra, the digital currency of the famous social networking site "Facebook", which has not yet seen the light.
The Facebook Coin Libra project has faced multiple regulatory hurdles around the world, an issue that has not prevented Facebook from collecting the contract to run it. Some of the biggest names in finance, such as PayPal and MasterCard, have agreed to pay $ 10 million for the concession, but it also appears to face fierce competition from other companies.
This week saw more news that the cryptocurrency exchange Binance was counting Venus, another competitor for Facebook's social networking currency.
Metal's debut also comes a month after a kind of partnership with the encrypted social network, Steemit. Besides adding the original code of the latter, Steem (STEEM), Metal allowed Steemit to add content to its application.
Officials at the company's official blog at the time wrote:
"We have allowed Steem to take over the Discover section of Metal Pay - our first - where we have linked a lot of interesting content to familiarize our users with the Steem blockchain and its publishing platform, Steemit."

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