Post
Topic
Board Economics
Re: Can Libra Disrupt The Financial/Economic System?
by
JeffBrad12
on 12/11/2019, 22:00:44 UTC
Maybe yes. (but I'm not sure yet). Libra is said to disrupt the financial system because it will potentially become a world currency. As far as I know, Facebook has launched a cryptocurrency called Libra since a few months ago. The aim is to make it easier for people to send money around the world.
It will certainly disrupt however might only disrupt in the US which where it mainly originates from in the other region there are plenty of cashless method and I think Libra will have a hard time penetrating other market. What makes Libra got the government backlash is because it could potentially become a threat to the USD considering that it is trying to gain as much user in US.