Impact of Libra on world economy?
Facebook just announced it's new crypto currency - Libra. What do you think will be it's impact on the world economy?
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unruly11 Jun 18, 2019Target audience is not USA. I would think borderline economies people could convert local currency to Libra.
Google Jeremey Jun 18, 2019
Great idea and good for Bitcoin. Bad for third world dictators and their shit currency.
Goldman Sachs 200W Jun 18, 2019
Global remittance industry will certainly take a hit.
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ButterFang Jun 18, 2019It's just a hideous attempt to tap new data wells in the name of providing banking to the less fortunate
Bad idea. Controlled and governed by Facebook only. It is better to adopt existing cryptocurrency like Bitcoin or Ethereum.
Not really governed by Facebook. They have a bunch of tech companies with equal votes to each.
Sounds like it is similar to the Federal Reserve model. However, having a bunch of tech companies not necessarily translate to a transparent or fair system.