How Facebook Stablecoin Libra Could Replace all Current Stablecoins

How Facebook Stablecoin Libra Could Replace all Current Stablecoins

Facebook recently announced their new Libra cryptocurrency, a stablecoin set to launch in 2020 which will initially let users transfer money between Facebook’s Messenger and WhatsApp applications. However, the larger goal of Libra is to transform the global economy. In conjunction with other companies and partners that make up the Libra Association, including payments companies, technology companies, marketplaces, and venture capitalist firms, Libra has the potential to do just that. Having been involved in the cryptocurrency industry for the last couple of years there is definitely a reason to doubt how decentralized Libra truly is and if it can even be considered a cryptocurrency. However, one thing is certain, given the proposed makeup of Libra it could ultimately replace all current stablecoins, and quickly.

Stablecoins ?
Maybe. But without heavy regulatory framework I do not see this
happening. When the EU Central Bank declared BTC is not a currency , the
appetite for crypto is for most people just -whatever. When people finally get
involved, and they discover the real price , wallet,fees, fiat to crypto ,and just the sheer complexity of it all, most will stay away.