Hi, we are working on a release demo of Libra (testnet) for the Android version of our commercial Digital Debit® app. We will make another post about this release and its Testnet features soon.
Until then, we wanted to reveal our plans for Mainnet to show regulators (and other skeptics) some other focuses to the Libra stablecoin opportunity that can’t be delivered with fiat slow back-end pipes and Bitcoin’s unstable value. We feel we have PayPal, Venmo, CashApp, and Zelle… all are great for sending money, but Libra can do significantly more.
With our planned Libra Ads feature, advertisers will be able to issue payable QR codes with their product packaging, print ads, YouTube videos or anywhere a QR code can be presented to a user.
Our users will be able to log into either Facebook or Twitter (not both) to scan these codes that allows them to earn Libra to allow the advertiser to make a post to their timeline about their product.
These codes will auto expire when either 1) the issue limit has been reached, or 2) 3 years after the QR is generated.
What this will create is a new organic way to invigorate consumer interaction with products. We don’t want to reveal too much about our plans before Mainnet is available, so we will share our initial plans for how our Libra Ads will work.
Here is a Digital Debit® Libra Ads QR
1. User see a Libra Ad and scan or upload it.
2. Here’s a dev flow-chart of how Digital Debit process the user’s scan
We are excited about the ideas we’ve been able to realize thanks to Testnet.
Happy innovating everyone!
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Please visit us at digitaldebit.com