Facebook’s new cryptocurrency

[serggg]

it will never be the first currency), but it may well become an accepted means of payment. and overtake on capitalization of all, including btc

[Alcor]

Whatever someone believe it or not but facebook coin is going to beat all others there are few reasons for it because Facebook is well-known social media and billions of people use it every day so this kind of massive marketing will bring him to the top. The Facebook coin is going to be the future of crypto according to my analysis.

Regarding the fact that billions of people are already using this coin, I am not very sure if at least that Libra should have been released only a few days ago - on June 18. This coin is too publicized, but time will tell whether it will be in demand.

[gurunanakji777]

If things will happen according to the article this will be very huge. Facebook has huge customer base if facebook successfully introduce their coin in the market it would be huge in my opinion but I heard member of US congress wants to halt Libra. It would not be easy for facebook to start their coin as there will be many obstacles in their way but overall it gives a positive signal to the crypto market.

[hope167]

i think this is a good news for crypto world, when the big company join crypto, it will be make the crypto grow so more, and this market will be strongly wide and more company will creat a token like Facebook

[bitcoinku]

A few days ago I saw an announcement explaining line, because line will plunge into the world of crypto. It can be interpreted that everyone has begun to accept crypto

[tsakf]

A permission to run a node, from an entity, defies the number one advantage of blockchain: TRUST. This coin is marketed as cryptocurrency, to undermine cryptocurrency, in the eyes of it's users. If there is a coin fail, most people will think, that cryptocurrency fails. This is the great danger of this coin. Of course, most people here, understand the difference, but the poor users, they will be in trouble.

[Peter90]

The whole question is - will this cryptocurrency really be used?  That they will try to raise its price is yes, but

It is a Stablecoin, it is impossible for them to raise its price.
Its price is tied to a basket of bank deposits in the major currencies, and to short-term gov bonds.

If cryptos were destined to be used by the masses, that was only possible in form of a Stablecoin.
The daily use of money can't cope with volatility

Libra has a weakness.
One of the main reason for the success of cryptos was their being an alternative to national currencies, to fiat money.
Libra is backed by fiat money.
As soon as people lose confidence in what backs Libra, they'll lose confidence in Libra

[Delgboke]

The Facebook new cryptocurrency has created a whole lot tension in the globe ever since he announced that Facebook Will be bring out stablecoins but I don't know why Facebook crypto project causing tension in the crypto industry, there are many other cryptocurrency project why his own seems different from other peoples project. I hope there will be bounty giveaway to general public.

[UNIVERSE]

Libra will be the cryptocurrency by Facebook that may have big influence in the crypto world. So far, we know that this coin will be a stable coin and it has a great partnership with the big financial system in the world. I think it really has a great chance to be stable and become one of the top ten coins in CMC next.

[Debasco]

Libra, it's an amazing things to have a coin like that it's a plus to Crypto general and a means of boosting people morale as regards to Crypto currency, so it's good one

[dewod_]

Well, to be precise, Libra is not a cryptocurrency. Although that, I hope that it will do some kind of "revolution" in cryptocurrency world, it would be great if brands like Visa, Mastercard or PayPal also supported the platforms like BuyCoinNow where you can buy BTC. That would be a huge advantage for us all

[tsakf]

Libra will be the cryptocurrency by Facebook that may have big influence in the crypto world. So far, we know that this coin will be a stable coin and it has a great partnership with the big financial system in the world. I think it really has a great chance to be stable and become one of the top ten coins in CMC next.

It will increase awareness, and it would be beneficial to cryptocurrency adoption. On the bottom line, it is not what Satoshi meant, when creating Bitcoin.

[rilley_99]

Well, to be precise, Libra is not a cryptocurrency. Although that, I hope that it will do some kind of "revolution" in cryptocurrency world, it would be great if brands like Visa, Mastercard or PayPal also supported the platforms like BuyCoinNow where you can buy BTC. That would be a huge advantage for us all

Buying cryptocurrencies using PayPal would be really useful. On BuyCoinNow you can buy with your credit card, right?

[dewod_]

Well, to be precise, Libra is not a cryptocurrency. Although that, I hope that it will do some kind of "revolution" in cryptocurrency world, it would be great if brands like Visa, Mastercard or PayPal also supported the platforms like BuyCoinNow where you can buy BTC. That would be a huge advantage for us all

Buying cryptocurrencies using PayPal would be really useful. On BuyCoinNow you can buy with your credit card, right?

Yes, you can buy BTC by your credit card. Registration is not needed there.

[ComeBack]

Actually the only people who can really afford their like minimum investments will be those big companies too that's why they are backing it because they also know that the owner of it was one of the biggest person/company in the world.