Facebook Libra

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What do you think about Facebook Libra? It does not exist yet and the launch is planned to be in 2020 however a lot of noise is already around this. There is no mining for Libra, it is possible to buy it but still no idea about the price. The first scam pages claiming to exchange Bitcoin against Libra are already on. Furthermore France, Germany and Italy are already discussing on how to block this new cryptocurrency and Trump is critic to against this..
Do you have any idea about the future of Libra? A possible competitor for blockchain? Or a new bubble soap?

cryptocurrency
Facebook
Blockchain
Paolo Beffagnotti
55 months ago

1 answer

2

Seven high-profile partners in the Facebook-led consortium that is building the digital currency – known as the Libra Association – have quit in dramatic fashion in recent weeks, including PayPal, eBay, Visa and Mastercard, as concerns mount.

In the latest blow to the project, the G7 group of the world’s most powerful nations warned on Friday that digital currencies such as Libra “pose challenges for competition and antitrust policies” and should not be allowed to launch until the regulatory concerns are addressed.

David Cottrell
55 months ago
Mark Zukerberg is in Washington DC today to testify! - David 55 months ago
Visa, MasterCard and PayPal quit the Libra association, this is a negative hit for the Facebook project https://www.theverge.com/2019/10/11/20910330/mastercard-stripe-ebay-facebook-libra-association-withdrawal-cryptocurrency - Paolo 55 months ago
Agreed - David 55 months ago

Have some input?