Release of "Libra"

[soxcryp 17]

The world of cryptocurrencies receives another push forward. This time from the hand of Facebook. The social media giant has finally will release "Libra."

Do you think this is the definitive step for the massification in the use of cryptocurrencies worldwide?

Edited October 8, 2019 by soxcryp

[pageraji 316]

Big company thats supporting libra in the begining now shaken by PAYPAL moving out from libra project and minister finance of germany not supporting libra as world digital payment

[lucashunter 62]

11 hours ago, soxcryp said:

The world of cryptocurrencies receives another push forward. This time from the hand of Facebook. The social media giant has finally will release "Libra."

Do you think this is the definitive step for the massification in the use of cryptocurrencies worldwide?

Facebook doesn't own the Libra cryptocurrency project alone, there are other reputable global companies involved in the project like Uber. But it is sad that Paypal has pulled out of the association. It would have been great to see a financial service giant like Paypal go crypto.

[soxcryp 17]

On 10/8/2019 at 7:41 PM, Generus said:

some people can't wait to see LIBRA compete with other altcoins namely Ethereum or Ripple, but many people also LIBRA will replace BTC😎

It is a possibility due to the reach of the social network facebook, but I think it will be a hard task since Bitcoin has its rank and merit for being pioneer and also continues to adapt to the new times, as is the case for example of the development of Lightning Network. Bitcoin gives competition.

On 10/9/2019 at 2:47 AM, lovesybitz said:

I think it will be a giant currency and compete for the rest of the currencies because it will be very popular especially as it belongs to the social networking site is very popular in the world

To this is added the fact that the platform is already widely used as a means to market new and used products. With this, Libra will surely become a resource that will further boost and strengthen this trend.

On 10/9/2019 at 3:10 AM, pageraji said:

Big company thats supporting libra in the begining now shaken by PAYPAL moving out from libra project and minister finance of germany not supporting libra as world digital payment

Interesting note, I had no knowledge of this. Thanks.

[soxcryp 17]

On 10/9/2019 at 5:05 AM, roseangelena said:

Man a giant leap towards crypto

This is also my perspective on the matter. Most likely, the use of cryptocurrency will be further expanded. Strengthening the ecosystem

[soxcryp 17]

On 10/8/2019 at 5:37 PM, soxcryp said:

The world of cryptocurrencies receives another push forward. This time from the hand of Facebook. The social media giant has finally will release "Libra."

Do you think this is the definitive step for the massification in the use of cryptocurrencies worldwide?

Recent developments on this topic:

Mastercard, Visa, eBay, Stripe and Mercado Pago left the Libra Association to devote their efforts to their own online payment proposals. Libra, Facebook's cryptocurrency, continues to encounter major obstacles along the way. Five renowned companies have announced that they will no longer support the project. We talked about Mastercard, Visa, eBay, Stripe and Mercado Pago, organizations that played a fundamental role in the social network strategy.

Find more details at (es):

https://altadensidad.com/criptomoneda-de-facebook-sigue-perdiendo-apoyo/

[Sungoku 13]

still waiting for 2020, will libra be as popular as current news? I am increasingly curious about the future of Libra

[pageraji 316]

On 11/1/2019 at 12:46 PM, elpop said:

My freind some people can't wait to see LIBRA compete with other altcoins namely Ethereum or Ripple, but many people also LIBRA will replace BTC... 

 

I dont think it can compete with altcoin like ethereum and ripple, libra is aim to be stable coin and legal global payment and its not released yet, facebook have political issues with this.

[crypto1 62]

Initially facebook was planning to launch libra in January 2020 , right now there is no information that when Libra will be launched. Libra after its lauch will be a great addition in market of crypto currencies.  

[Jimmy 437]

I think yes, With the biggest social media platform and also their marketplace feature how if facebook intergrated it with libra like some e-commerce out there, Non-tech people will start using Libra for payment and blockchain technology will be known other people through libra.

[Pearls Before Swine 815]

On 10/8/2019 at 5:37 PM, soxcryp said:

The social media giant has finally will release "Libra."

Yeah, that statement above makes absolutely no sense whatsoever.

 

Libra hasn't been launched yet, and it probably won't be.  The partners that dropped out of the project probably know this, and that's why they dropped out.  The U.S. government doesn't want corporations creating money, that's the bottom line, and they're going to do everything they can to stop libra from happening.  I'd be willing to bet money on it.

[ItsMauls 21]

The fundamental problem is that, contrary to Facebook’s narrative, Libra is not simply a money transfer scheme. Once launched, Libra will spawn an entire ecosystem of financial services and service providers — authorized Libra dealers, brokers, asset managers, custodians, exchanges, digital identity providers, verifiers and so on — whose identities and qualifications we cannot yet anticipate. These entities may be controlled by Facebook or by other corporate members of Libra Association, operate across multiple financial and commercial markets and not be subject to appropriate supervision and oversight by financial regulators.

[Frozen Kingdom 211]

On 10/9/2019 at 3:37 AM, soxcryp said:

The world of cryptocurrencies receives another push forward. This time from the hand of Facebook. The social media giant has finally will release "Libra."

Do you think this is the definitive step for the massification in the use of cryptocurrencies worldwide?

I think facebook brings a revolutionary change in crypto industry by bringing their own crypto asset libra. Facebook is a most used social platform at present. So libra helps to rank the crypto market quickly. I think it is a plus point for crypto industry.

[Grandmaster 245]

There are so many oppositions on it's launching and their partners are leaving them, we will have to see if they will have an impact on the community, once they launched their Libra Coin, there are oppositions but there are many supporters also.

[Win 1015]

I Agree no kne can beat bitcoin libra is just a dream a coin whonis the price are so stable very bad to trade no passive income and ithink it will not affect the popularity of bitcoin.and other altscoin

[McCree 713]

Even if Libra is released, it's only going to be used inside facebook so what's the point? It's not a token like BAT which can be exchanged. And even then, how much of the 2.2 billion facebook users will know how to use it or what cryptocurrencies are in general? Actually for most of them, they're not going to recognize it as cryptocurrency because that's not what facebook is advertising it as, there using more like "Send me money here  thanks".

[Syedbesharat 5423]

Libra project team announce they will launch libra on next year 2020.but i think they will not succeed .If FB uses libra as a stable coin, they're going to run into the same problems as other money remittance companies, which is having unproductive capital parked in banks making absolutely nothing.

[el-Muhammady 718]

Libra is a Facebook initiated coin and Initially facebook was development to launch libra in January 2020 , suitable at this instant near is no in sequence that while Libra will be launched. Libra after its lauch will be a great addition in advertise of crypto currencies.  
 

[Man 741]

Not something to be surprised anymore. Since everyone already knows this, what needs to be considered is related to the release of the libra. Will it really happen in the middle of this year or be delayed again.

[ETheHedgehog 3104]

What are your opinions on Libra guys? Should we invest in libra does it seem to have a future because Facebook is backing it up or not?

[miskyming 1588]

I never heard about Libra this year.. no news about it.. seems they can not launch the coin because the goverment wants to block it.

[Epic 289]

Yes, the release of libra will introduce to the mainstream what cryptocurrency are and will benefit not only bitcoin but also the other altcoins because once people understand the potential earnings they can get trading this coins then there will be new investors that will energize the exchanges causing cryptocurrencies to rise in value because of the new influx of capital. Libra on the other hand is also a good coin to invest in since it will corner the facebook market which will make it the most widely used crypto currency online.

[Suhannewaz 245]

On 18 June 2019, Libra was publicly announced. Morgan Beller, David Marcus and Kevin Weil (VP of Calibra's product) are the coin's creators. In 2020, the first release is planned.

[Hatred 1388]

On 10/9/2019 at 5:37 AM, soxcryp said:

The world of cryptocurrencies receives another push forward. This time from the hand of Facebook. The social media giant has finally will release "Libra."

Do you think this is the definitive step for the massification in the use of cryptocurrencies worldwide?

Yep, maybe. Well I have 50/50 decision about it. Yes, it can help to cryptocurrency spread or been known to the world. Its because many people are using facebook nowadays. But it can also be a future competitor or bitcoin if it be popular in the future.

[Goody28 259]

On 10/8/2019 at 10:37 PM, soxcryp said:

The world of cryptocurrencies receives another push forward. This time from the hand of Facebook. The social media giant has finally will release "Libra."

Do you think this is the definitive step for the massification in the use of cryptocurrencies worldwide?

Facebook about to launch a new currency called libra I see this as a great addition to the world of cryptomarket it will be magnificent still waiting for the launch