Pehla to yeah aik crypto hy. The only difference is its centralized unlike other jo keh decentralized hoty han.
So bohot mushkil ha kay pakistan main aye. Secondly. Filhal to facebook walay india main isay launch nai kar rahay. Pakistan to fir peechay ha. Dont think itny jaldy pak main aye.
ahan I did not know this... k ye facebook is not not launching it in India or Pakistan... chalo any way... still i think due to unlimited reach and power of facebook... their coin can do wonders in crypto currency world. I have seen ... so many people in Pakistan doing sell or purchase through facebook. For for those small traders this will be a valuable trading option if launched in Pakistan.
I don't think you understand the unique features of bitcoin. There are many electronic payment systems like paypal, western union, swift and IBFT. What makes bitcoin unique is that it is decentralized so it doesn't have to follow the rules set by governments, it is open to anyone anywhere in the world and it is uncensorable. Any centralized cryptocurrency will be just another paypal, western union etc. It's never ever going to be able to compete with bitcoin.
Regulators around the world are already very wary of libra. They will impose so many conditions on Libra that it'll become just another centralized payment system. It'll work in some countries and not others. The features available to users will vary from country to country. There will be strict KYC. Payments will be censored and accounts will be frozen. The fees will be high because the consortium members have to protect their traditional payments business. In other words it's the same old same old.
The other problem with Libra is that there is no reason for users to adopt it. Remember adoption requires jumping through documentation steps. It is going to be a pain in the ass. With bitcoin the rising price is the incentive that drives adoption. There is no such incentive for Libra users.
I'd also like to point out that they have said they are not launching in india. They have not said that they are not launching in Pakistan. They may or may not launch here. I know it's hard but we must stick to the facts.