Quote from: FLHippy on July 16, 2019, 02:31:25 PM

Quote from: Stilicho on June 11, 2019, 06:00:46 AM

Hello guys,
could you please help me to better understand Facebook coming coin project?
I am interested in these topics.
1. Libra and Globalcoin is just the different name for the same Facebook coin?
2. Now on 18th of June Facebook want to reveal the Libra (Globalcoin) project, but the coins will not be in sale? The lunch/sale is planned for the beginning of 2020?
3. Do you know how it will be possible to buy Facebook coins? Will this coin be listed on marketplaces like Bitstamp, Kraken ... or will it be possible just via Facebook apps?
4. Will the price be somehow regulated by Facebook or will it be fully open as other cryptocurrencies?
thanks
Stilicho

1. We thought that the name would be: Globalcoin, but Facebook named it as Libra (Libra project)
2. I think it will be postponed, they have many problems with US regulators.
3. You will buy coin in Calibri app after passing KYC, I do not think it will be listed on classic crypto exchanges.
4. Yes, it will be pegged to USD, Euro and other stable assets.

Its name does not matter. I guess Facebook worries about this stable coin future as the American government started speaking about the possibility to freeze the project. Suppose, it will be not done, and Libra (I bet, this name will be the final one), will be released in 2020. It will cost under a dollar, I think, but at the same time, it will not be a penny token.