Re: How Will FB Coin/JPM Coin Impact the Cryptocurrency Ecosystem?
It will all boil down to one factor-- TRUST. FB coin of Libra as what they used to term it, is built on trust. They have perceived how users trust the brand enough to use them for their transactions using the social media platform. same thing goes with bitcoin and other top competitors, this will challenge the latter to gain much trust amidst the volatility.
But Facebook as company has a proven track record of breaching trust and data of it's consumers. So if we are talking about your money here, are you going to put your hands on this corporations? And others have said, it's pegged to a fiat, so how can it affect or have a impact on the the current crypto ecosystem?
But I would have to agree that this article is pure click-bait, at the end of it, the OP or the author of the article is promoting about Plutus, a financing app incorporating crypto, nice try.
