I heard people saying it won't affect bitcoin at all, and others say it might destroy it, it's going to be a huge challenge for bitcoin none the less, that's my opinion. I wonder what's your opinion about it?
Libra seem to have hit some challenges as 3 major partners in the libra association seem to have pulled out with a forth member Stripe showing signs of pulling out, the three partners seem to have have fallen to pressure from governments and pulled out for now, they issued statements saying they are reevaluating there position as they await to see if Libra meets the congressional mandate set by SEC. from the start Libra hit some snags as most governments and banks panicked and they feared the influence facebook has will undermine their currencies and drive most banks out of business but Facebook say its targeting the un banked of the world. Facebook has over 2 billion users and is a great markets to test and use the Libra coin
The U.S. congress was opposed to this project and it summoned Facebook CEO to explain to them the intention of the the Libra coin. There are huddles ahead for the coin to be fully functional but facebook doesn't seem to care