Quote from: karanggatak on November 05, 2019, 01:21:33 PM

in my opinion this libra coin will not be released in 2020. or it will be a failed project because libra continues to be rejected. European countries such as Germany and France have rejected Libra because they are worried Libra can disrupt the sovereignty of their country's currency. then most of the companies that support libra also began to break away like paypal, visa and mastercard. and finally libra has not received permission from members of the United States Congress. so I thought this Libra coin would die before its release.

It is not surprising because these nations have their own fiat currency (Euro). Libra is a digital version of the United States Dollar and if people start using that currency then the national currency will lose its value. Why should the other countries allow the US Dollar to be used in their territory (in the form of Libra), when the US does not allow the usage of any other fiat currency within the American borders?

If Libra wants to operate in these nations, then it should come up with the versions that are denominated in the respective national currencies. For example, within the European Union, the Libra should be backed up with assets denominated in the Euro. In short, rather than a digital version of USD everywhere, in each country, it should be the digital version of the respective national currency.