Re: Libra ("Facebook coin") now finally have white paper and website
⭐ Merited by tk808 (2)
Hmm, https://libra.org/en-US/partners/
eBay, Spotify, vodafone, mercado pago, some of the companies that will most likely accept this coin as a form of payment. Well, with FB's marketing power, there's a high chance that this coin will see the quickest adoption rate from the general public in the history of cryptocurrencies. Although, Paypal and Visa/Mastercard as partners? I thought Libra was going to compete with these companies?
LOL a subsidiary of FB using the word "decentralized"...Wow.
eBay, Spotify, vodafone, mercado pago, some of the companies that will most likely accept this coin as a form of payment. Well, with FB's marketing power, there's a high chance that this coin will see the quickest adoption rate from the general public in the history of cryptocurrencies. Although, Paypal and Visa/Mastercard as partners? I thought Libra was going to compete with these companies?
Right now their paper reads like a standard scamcoin vaporware paper, and I currently judge there to be approximately 0% chance of them actually allowing anyone to use the system anonymously and freely like you can with real cryptocurrencies.
Thing is that the main target for this stable coin (FB users and the average joe) do not care at all about those two features, otherwise, they wouldn't be on FB. Plus, let's be honest, 99% of regular crypto users were not expecting this coin to give them an 'anonymous payment' option so expectations about it were close to nonexistent.Quote
An additional goal of the association is to develop and promote an open identity standard. We believe that decentralized and portable digital identity is a prerequisite to financial inclusion and competition.