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Re: More Money,More Problems:Can We Really Trust Facebook to “Fix” Digital Currency?
by
ReiMomo
on 27/09/2019, 21:39:02 UTC
[snip]
What did you think about Facebook coin did you think it's our next digital currency
Well, probably you are talking about Libra coin which is recently launched by the Facebook company. Yes, it is a part of digital currency and also they had used blockchain technology like Bitcoin and Ethereum. But this digital currency is different from cryptocurrency because it is regulated by the owner. But how could you fix this? this is a stable coin and this is not like crypto, it seems you are using fiat but on the internet.
I think that was the OP means, Libra is a facebook idea and they had created a digital coin. This is a payment processor, fin-tech and telecom providers. This stable coin you may use in sending money with Whatsapp and messenger apps, you can able to send currency across the world and like cryptocurrency it is also decentralized. I will agree that this sill is our next trusted digital currency aside from bitcoin which not stable but yet a highly volatile price. Easy and reliable to use.