Part III: Facebooks Libra Coin In 2020 & Staying Relevant in The Revolutionary Digital World
As a company they can advertise their plans globally as the amount of users in their platform will view their point and hence they can be relevant and how they can be the digital revolution is yet to be seen and whether they will be able to change the concepts and opposition of the political leaders is to be seen.
Currently they are silent for their coin but whenever they released this coin then it will have a very great effect on the whole crypto market as with this news all of the people who are currently aware with crypto will invest their money as they will know that the price will increase much higher and after that all of the facebook users will be introduced with the crypto environment and they will also try to adopt other cryptocurrencies along with the facebook coin.
It seems that despite a lot of hype and scandals surrounding Libra, this coin will be released soon and supposedly it is already starting to pass testing. However, I do not think that she will be very successful. One must still consider that the countries of the European Union have stated that they will not allow its circulation on their territory. In addition, stable coins of various states will appear now and they will constitute serious competition to Libra. It seems to me that many people will have more confidence in stable coins, behind which are the authority of states, and not Zuckerbergs tarnished reputation.