Topic: Will Facebook’s Libra Coin be a Game Changer in Crypto Ecosystem - page 3. (Read 613 times)

In my opinion if we look at the core part of the Libra is to create an easy payment system for all users as easy as sending messages, all I can take from here is nothing special about this product, there are many similar products offering crypto currency payment systems which is practical and efficient, which makes libra viral and widely discussed so that it is considered an extraordinary product and will have a high selling value because the issuing of these products is a company that already has a high popularity throughout the world.

99% of people say Windows sucks but they 90% of them use Windows.
99% of people say they hate banks but most of them have at least one bank account.
The US is the most hated country but thousands try to get in illegally and thousands apply for a green card.
If you ask people about television, almost everyone will say its a waste of time but 3 hours later they are glued to the tv.

It will not be a decision of trusting or not trusting Suckerberg, it will all be about convenience.

Looks like this one would liberate cryptocurrency cause most people can relate with the credibility of Facebook period.

Rich ones getting richer on this and seems like a cash grab. Facebook only aims for the financial user data and the same  for the companies supporting it.

The only thing it does is prove that they can make blockchains more centralized and if it does bring any good to the industry it will be the buzz words.

Seems that more and more people are getting excited with this latest baby of the people behind Facebook. I also understand that just like a big project, there will be people who are making noises pointing the flaws and problems of the project, which is I guess just part of the dynamism that Libra is bringing to the marketplace.

Will this be a game-changer? YES and NO. Yes, it can be a big changer within the very ecosystem already established by Facebook conglomerate as it would mean smooth way to transact business to the social sites controlled by Facebook and members of those sites can do business efficiently and with a good speed which the market has been demanding. Now, this established Facebook network is the main star of the show as without it then Libra can just be another dead star in the heavens.

Now, will this be the game-changer that the whole cryptocurrency is waiting for? I would say NO. Considering the criticisms it is receiving right now, maybe it can take time for the whole industry and its established leaders and influencers to accept Libra. Just like how some people are viewing Mark Z. with distrust and skeptics, Libra is seen on the same way in some cryptocurrency circles.

In other words, let's all wait and see what can be. Only time can tell how Libra will eventually fare in the flow of things in the cryptocurrency market.

The social media giant, Facebook has finally revealed the details of its cryptocurrency Libra. Today the platform released its white paper explaining Libra & its testnet before a public launch in the Q1 of 2020.

Additionally, the new Libra coin will allow users to purchase things at local exchange points like grocery stores. Also, enables users to spend it using third-party wallet apps or its own Calibra wallet that will be built on WhatsApp, Messenger, & its own app. The best part is that you can transfer money to people with nearly zero fees.

“Libra’s mission is to enable a simple global currency and financial infrastructure that empowers billions of people.”

Read the complete White Paper of Libra coin