The COVID-19 pandemic, which was first detected in late 2019, has made a significant impact on the entire world and economies, one that will not be forgotten for many years to come. More than anything, the pandemic has affected the performance of a variety of financial instruments, including the newest of all - cryptocurrencies. Even though the crypto market also experienced fluctuations owing to the pandemic lockdown and disruption, the effects were minimal compared to other assets and commodity markets.

Not only the crypto market showed more stability than traditional markets during this difficult time, but also most cryptocurrencies recorded their highest growth when regular markets were struggling to keep up. It shows that next-gen cryptocurrencies such as the Libra Coin are stable as well as can be treated and used as a fully-fledged financial asset.

How is Libra Coin COVID immune?
Being COVID immune means that the virus or the pandemic cannot affect you. Not only humans but assets, including cryptocurrencies, can be COVID human, depending on their resistance to COVID impacts.

Cryptocurrencies were originally launched as an alternative to the traditional commerce system to provide users with a way to perform financial transactions without an intermediary or central unit. One of the core goals of cryptocurrency is to mitigate the risks associated with traditional financial markets, which include too much dependency on socioeconomic conditions such as the COVID crisis. So, by nature, the Libra Coin is designed to work as an independent asset and the market therefore has minimal impact on the currency performance.

A research study of the crypto market behaviour in the COVID pandemic conditions by the Institute of Nuclear Physics PAN (Poland) found that the market is “essentially indistinguishable and independent” from traditional markets such as stocks and commodities. While most of the traditional instruments that are normally considered solid recorded significant drops during the pandemic, cryptocurrencies showed much more stability with their price maintained if not increased.

Why choose Libra Coin over other cryptocurrencies?
Libra Coin is a full-fledged digital currency that acts as a financial instrument for a wide range of financial transactions. It can be virtually used anywhere where digital currencies and cryptocurrencies are accepted. Some possible applications include as a digital currency for global payments, as a native coin for services and payments within the Libra Ecosystem, for fast & secure e-commerce transactions, and for trading across top exchanges.

However, the best benefit of the Libra coin is its relative stability, which makes it one of the safest alternatives to traditional/fiat currencies. At the same time, its ability to be immune to unexpected economic events such as the COVID pandemic and provide strong resistance further proves that Libra Coin has now become a full-fledged financial commodity and should be treated as one.

From the e-commerce perspective, Libra Coin provides immense benefits over traditional systems. While most of the existing e-commerce systems and payment options are centralized and controlled by central entities, Libra’s blockchain-based platform is fully transparent and can be used by anyone anywhere in the world to perform fast, secure & low-cost e-commerce transactions, such as payments, transfers and more. Moreover, the Libra Ecosystem offers an inexpensive and comprehensive platform for crypto enthusiasts to build their own next-gen blockchain e-commerce system and apps (DApps).

Find out more about the Libra Ecosystem and the Libra Coin by visiting https://libraecosystem.com

Originally published at https://coins.newbium.com/post/31920-libra-coin-is-covid-immune-lc-growth-is-not-affec