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The hype over Libra is not pointless at all. I could care less if it's a real crypto or if it's centralized or any of that. The only thing that's important about Libra is whether or not it can be easily traded for BTC or other cryptos on exchanges.
One of the biggest things holding crypto adoption back right now is how hard it is to go from fiat to crypto. With Libra you will have every big payment processor in the world making sure anyone anywhere can convert whatever fiat currency they might have to Libra. If they can then easily exchange that for other cryptos then watch out!
This is true but from what I have been hearing it won't be tradeable to btc? I could of course be wrong. If libra was a stable coin and infact could be easly traded then that would be massive for crypto. Curious to see what happens with libra with all these government hearings should be interesting.
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To listen to the audio version of this article click on the play image.
Brought to you by @tts. If you find it useful please consider upvoting this reply.
The hype over Libra is not pointless at all. I could care less if it's a real crypto or if it's centralized or any of that. The only thing that's important about Libra is whether or not it can be easily traded for BTC or other cryptos on exchanges.
One of the biggest things holding crypto adoption back right now is how hard it is to go from fiat to crypto. With Libra you will have every big payment processor in the world making sure anyone anywhere can convert whatever fiat currency they might have to Libra. If they can then easily exchange that for other cryptos then watch out!
This is true but from what I have been hearing it won't be tradeable to btc? I could of course be wrong. If libra was a stable coin and infact could be easly traded then that would be massive for crypto. Curious to see what happens with libra with all these government hearings should be interesting.
Posted using Partiko Android
Wish I had some free Libra! So I could sell it and buy Bitcoin!! 😂😂
Posted using Partiko iOS
This post has been rewarded with an upvote from city trail as part of Neoxian City Curation program
. We are glad to see you using #neoxian tag in your posts. If you still not in our discord, you can join our Discord Server for more goodies and giveaways.
Do you know that you can earn NEOXAG tokens as passive income by delegating to @neoxiancityvb. Here are some handy links for delegations: 100SP, 250SP, 500SP, 1000SP. Read more about the bot in this post.
You are correct it is going to be like a credit card, but it will grab the attention of the world .
There are some big players already on board, and that will seal the deal.... money talks!
From what I have read there will be fees involved, so it’s not going to compete with BTC.
It is blockchain based, so yes it will be a crypto currency.
I believe it will drag up BTC and all the other crypto currency’s when people get a taste of what the crypto stuff is all about!👍
Posted using Partiko iOS
Very good synthesis: Resteemed and shared on Facebook! 😜
Cheers 🍻 & !BEER 🍺
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