Home

What are your thoughts on Facebook’s Libra?

As noted by the WSJ, " Facebook’s Libra Is a License to Print Money " https://www.wsj.com/articles/facebooks-libra-is-a-license-to-print-money-11561282380

6 views
5 comments
1 upvotes
Related Tags
Anonymous Author
As noted by the WSJ, " Facebook’s Libra Is a License to Print Money " https://www.wsj.com/articles/facebooks-libra-is-a-license-to-print-money-11561282380
1 upvotes
Anonymous Author
I think Libra may be able to get a lot of traction. Unfortunately it is set to be a stable coin which will limit speculation on the coin.
0 upvotes
Anonymous Author
I would say potential security risk in the way Facebook does business, but also risk in the stability of the currency.
0 upvotes
Anonymous Author
It will be interesting to see what they do in the Digital Identity space as the main reason that 1.7b people are "unbanked" is because a good portion of them lack true identity and aren't able to be KYC'ed. As I recently tweeted, those unbanked aren't asking for "faster payments", they are looking for financial inclusion. I don't see Libra currently solving for that.
0 upvotes