WHAT IS LIBERTY RESERVE ?

Liberty Reserve (LR) is a digital currency owned by a registered company based in Costa Rica. It is like other e-payment systems like Paypal, perfect money, Vmoney, Pecunix, E-bullion, etc. One feature of Liberty Reserve is that once payment is made it is not reversible. That is to say that once payment is made to anyone anywhere in the world, it cannot be reject or cancelled, “no repudiation policy”. This 100% irrevocability policy of Liberty Reserve contrasts with other e-currencies like Paypal. One interesting thing about liberty reserve is that opening account is 100% free. One can open an account anytime, anywhere with no rejoin restrictions like Paypal would restrict Nigerians, etc.

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