The mission for Libra is a simple global currency and financial infrastructure that empowers billions of people. Moving money around the world should be as easy and cheap as sending a text message. No matter where you live, what you do, or how much you earn.
Libra is made up of three parts that will work together to create a more inclusive financial system:
It is built on a secure, scalable, and reliable blockchain;
It is backed by a reserve of assets designed to give it intrinsic value;
It is governed by the independent Libra Association tasked with evolving the ecosystem.
The Libra currency is built on the “Libra Blockchain.” Because it is intended to address a global audience, the software that implements the Libra Blockchain is open source — designed so that anyone can build on it, and billions of people can depend on it for their financial needs.