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Topic: How can people use facebook libra coin? (Read 574 times)

member
Activity: 736
Merit: 11
January 30, 2020, 01:42:27 PM
#65
if based on its function, I have heard that libra coins focus on financial systems such as PAYPAL, VISA, etc. and I think if it is equated with cryptoqurrency it's almost not much different from XRP which is a centralized coin. but that is just my speculation and not necessarily true. In addition, Facebook coins have not yet been released, making it difficult to estimate their true purpose.
sr. member
Activity: 910
Merit: 261
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January 30, 2020, 11:06:26 AM
#64
Apparently the Libra coin will be just a stable coin. And what can we do with stable coins? In general, the same as with ordinary coins.
They can be sent without large fees, as I understand it, it can simply be stored as money. But paramount, is the Facebook policy regarding the Libra project,
it is the transfer of money as a digital asset anywhere in the world. In other words, this is another money only with advanced functionality without the participation
of bank intermediaries that are so fed up with everything. To hell with cans. If you choose between Libra and the bank, I will choose Libra.
Indeed. Libra coin is a centralized and stable coin, so it will be good use for storing your funds when we are experiencing a near market. Stable coins does not have any difference to fiat currency because it is also a good used for making a purchased through online shops.
sr. member
Activity: 1050
Merit: 377
January 30, 2020, 10:35:23 AM
#63
Apparently the Libra coin will be just a stable coin. And what can we do with stable coins? In general, the same as with ordinary coins.
They can be sent without large fees, as I understand it, it can simply be stored as money. But paramount, is the Facebook policy regarding the Libra project,
it is the transfer of money as a digital asset anywhere in the world. In other words, this is another money only with advanced functionality without the participation
of bank intermediaries that are so fed up with everything. To hell with cans. If you choose between Libra and the bank, I will choose Libra.
sr. member
Activity: 685
Merit: 250
January 30, 2020, 10:12:15 AM
#62
Libra coin became silence since last year, when they found out that majority of the community here in the forum aren't support by them.
Even other officials in US are in favor with this plan. But even is like that, they have plan for this for sure, only we just don't know what it is? possible they can continue it or not anymore something like that.
jr. member
Activity: 714
Merit: 3
January 30, 2020, 09:46:30 AM
#61
I think it will be a kind of tip, but for Facebook users maybe something like steem or probably it will be evaluated for the number of likes one gets on their posts or pictures.
copper member
Activity: 6
Merit: 1
January 30, 2020, 08:59:03 AM
#60
Libra testnet is testing 100 transactions per second at the moment. Some charts: https://inlibra.info

legendary
Activity: 3234
Merit: 1214
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December 04, 2019, 10:08:34 AM
#59
Facebook has got it user base all around the world. Facebook in the earlier days were used to find our old friends, then it served as a platform to find friends who have similar interests. This way it keep of transforming, and now it has got importance as a platform for marketing. In surveys it is found that facebook marketing ia more effective in making businesses than promotion through other social medias.

People keep on using different payment gateways for the buying and selling through facebook. With libra into usage each and every transaction will happen through libra. This provides much large scale circulation to libra, but the same will not make bitcoin go down to it.
hero member
Activity: 2828
Merit: 611
December 04, 2019, 10:05:18 AM
#58
I want to know about the new coin from the facebook called libra and how will people use libra, and when will libra be available? to use. did you think that libra will overtake bitcoin and other crypto coins and become the number 1 coin in the crypto market?

What you think and share info about libra here.
Lol, why do ask about Libra, a currency that has not yet been released? From the way I see it if Libra was successful it might beat or be on the same level with Ethereum and Bitcoin. Facebook has a huge population on Instagram and its main Facebook platform, imagine that they released that currency, I know for sure that at first it would be linked to all these platforms as a wallet at and lots of users will adopt it and they will gain lots of investors. Even though some members of the association have withdrawn, once it's successful they are likely to start fighting for a position in it.

The government doesn't like it, maybe because they think it's not going to benefit them, and they know for sure that Facebook will pull this out successfully. So they want it. For now, I will say that Bitcoin is leading. Although, why like bitcoin is because it is decentralized and there is no one in charge.
sr. member
Activity: 630
Merit: 265
December 04, 2019, 09:53:00 AM
#57
I want to know about the new coin from the facebook called libra and how will people use libra, and when will libra be available? to use. did you think that libra will overtake bitcoin and other crypto coins and become the number 1 coin in the crypto market?

What you think and share info about libra here.
Libra coin will be released next year of 2020, i also heard that it will be centralized, so it will be just like USDT that it will be a stable coin, and it will only be good to store your funds when we are facing a bear market and for online transactions, that is why it doesn't have any difference between fiat currency because it's just like it but in digital currency.
hero member
Activity: 1302
Merit: 577
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December 04, 2019, 09:28:10 AM
#56
I want to know about the new coin from the facebook called libra and how will people use libra, and when will libra be available? to use. did you think that libra will overtake bitcoin and other crypto coins and become the number 1 coin in the crypto market?

What you think and share info about libra here.
As far as i know libra launch was been hold by SEC because they don't like the way that libra is about to be a stable coin and might probably to lessen the fluctuations in the market. So i think that Libra needs to change some of its plan or its use to be approve by the regulations. Libra will be just another cryptocurrency in the US and on Facebook? It is not enough to overtake bitcoin.
Yes , not enough to over take buy having thier platform that can use that coins is big help from them . For example payment and recieving payment is now much easier you can use that coins to buy ads or earn from ads other use of that coin might follow like you can use it also to all of thier partner as a payment.
hero member
Activity: 2534
Merit: 605
December 04, 2019, 09:17:31 AM
#55
I want to know about the new coin from the facebook called libra and how will people use libra, and when will libra be available? to use. did you think that libra will overtake bitcoin and other crypto coins and become the number 1 coin in the crypto market?
There is no release date for Libra, I'm not even sure if they are still going to release Libra because they are having some problems with the government. If it happens to be a success I believe that by the time is gets released Facebook will communicate to us on how we will be able to make use of it, but it wouldn't be anything different from other cryptocurrencies, and it's going to be backed by assets (a stable coin).

I also believe that they will have the wallet separate but your account will be linked to a Facebook account, that's the Central unit that is in charge. It was said it would be released in 2020, that's next year, for now the date has been cancelled till further notice.

Libra will be just another cryptocurrency in the US and on Facebook? It is not enough to overtake bitcoin.
Libra is not created to overtake bitcoins but for competing in remittance services. A stable coin from a famous brand is the only reason, libra is getting too much of limelight. It will serve like how paypal is existing and nothing more in my predictions. Slowly libra users will start adopting bitcoins after realizing its potential. Yes, all developments will lead to adopting the versatile one.
hero member
Activity: 2632
Merit: 833
December 03, 2019, 10:59:17 AM
#54
I want to know about the new coin from the facebook called libra and how will people use libra, and when will libra be available? to use. did you think that libra will overtake bitcoin and other crypto coins and become the number 1 coin in the crypto market?

What you think and share info about libra here.
As far as i know libra launch was been hold by SEC because they don't like the way that libra is about to be a stable coin and might probably to lessen the fluctuations in the market. So i think that Libra needs to change some of its plan or its use to be approve by the regulations. Libra will be just another cryptocurrency in the US and on Facebook? It is not enough to overtake bitcoin.

It could affect the market but I don't think that it will put a dent on bitcoin per se.

The US SEC is thinking putting Libra as a security token if I remember it correctly. And it deemed as such, then it will have to undergo and pass the test before it can be given a good signal to go live next year.

As far as the used, it is going to be used in online transactions, so probably Facebook wanted to join the remittance services and compete against Western Union and Money gram here and not a direct competition to BTC.
hero member
Activity: 1386
Merit: 504
December 03, 2019, 10:29:26 AM
#53
I want to know about the new coin from the facebook called libra and how will people use libra, and when will libra be available? to use. did you think that libra will overtake bitcoin and other crypto coins and become the number 1 coin in the crypto market?

What you think and share info about libra here.
As far as i know libra launch was been hold by SEC because they don't like the way that libra is about to be a stable coin and might probably to lessen the fluctuations in the market. So i think that Libra needs to change some of its plan or its use to be approve by the regulations. Libra will be just another cryptocurrency in the US and on Facebook? It is not enough to overtake bitcoin.
sr. member
Activity: 1150
Merit: 260
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December 03, 2019, 09:52:14 AM
#52
I want to know about the new coin from the facebook called libra and how will people use libra, and when will libra be available? to use. did you think that libra will overtake bitcoin and other crypto coins and become the number 1 coin in the crypto market?

What you think and share info about libra here.
Libra is Facebooks answer to mass cryptocurrency adoption, and is pegged to be a bold step for a centralized mass use of crypto. Libra the cryptocurrency by thebsamebname as its platform is a form of stable coin that is backed by low volatility assets.
  Libra will probably be Intergrating with Facebookband and it's partnerships like Instagram, oculus rift, and WhatsApp.
  
sr. member
Activity: 1190
Merit: 267
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December 03, 2019, 06:56:09 AM
#51
I do not think Libra will be No1, only his presence can raise people's interest in crypto, how could he beat BTC.
The presence of Libra also in believing can give a positive effect on the crypto market, people will use it because it is supported by Facebook, so people will believe it because the project is backed up by one of the biggest giants of social media.
member
Activity: 798
Merit: 10
December 03, 2019, 04:39:52 AM
#50
I want to know about the new coin from the facebook called libra and how will people use libra, and when will libra be available? to use. did you think that libra will overtake bitcoin and other crypto coins and become the number 1 coin in the crypto market?

What you think and share info about libra here.

Maybe for the initial stage, Libra coin will be used on platforms owned by Facebook. Facebook has many platforms such as whatsapp or messenger so that it will facilitate transactions if Libra coins are regulated. The speed of the transaction and without the need for third parties that might scare the regulator because it would disrupt the dominance of the dollar in international transactions
legendary
Activity: 2282
Merit: 1023
December 03, 2019, 04:20:20 AM
#49
In Switzerland, Facebook has more chances for a libra. A couple of days after they registered the first cryptocurrency banks, which means they are more prepared to establish regulatory rules for blockchain projects, unlike the US, where the struggle between departments continues
If Facebook is able to release their coin then there will be many use case and many will be using it to transaction if it gives you a much better solution than the rest of the coins in the market and they might have started this project thinking it could be a revolution but they are faced with regulatory hurdles and it is interesting what they will be doing and will they be able to release as planned or shut the entire project.
newbie
Activity: 27
Merit: 0
December 03, 2019, 03:55:54 AM
#48
In Switzerland, Facebook has more chances for a libra. A couple of days after they registered the first cryptocurrency banks, which means they are more prepared to establish regulatory rules for blockchain projects, unlike the US, where the struggle between departments continues
The case of the libra is receiving great attention, but significant events against their background go by the wayside. For some reason, many ignore the statements of China on the issue of its crypto coin. British banks also expressed the view that it should be faster to accept digital currencies as a new payment asset
newbie
Activity: 28
Merit: 0
December 03, 2019, 03:39:14 AM
#47
In Switzerland, Facebook has more chances for a libra. A couple of days after they registered the first cryptocurrency banks, which means they are more prepared to establish regulatory rules for blockchain projects, unlike the US, where the struggle between departments continues
sr. member
Activity: 812
Merit: 257
October 26, 2019, 05:06:59 AM
#46
I want to know about the new coin from the facebook called libra and how will people use libra, and when will libra be available? to use. did you think that libra will overtake bitcoin and other crypto coins and become the number 1 coin in the crypto market?

What you think and share info about libra here.
in my opinion libra is like crypto in general, it's just that libra is supported by large companies like Facebook, Paypal, etc. if not mistaken libra will be launched in 2020, I don't think libra will outperform bitcoin, and I'm sure people still make bitcoin the main crypto.
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