Post
Topic
Board Altcoin Discussion
Re: Libra is planning to launch in January
by
EmmaGod
on 30/11/2020, 18:45:20 UTC
As Facebook's currency Libra is planned to launch in January do you think there will be any impact on cryptocurrencies or it will be just one more stablecoin without significant adoption?
Source https://www.theblockcrypto.com/linked/85882/facebook-libra-first-stablecoin-january

I'm of the opinion that it would have a significant impact on the cryptocurrency space. As it stands the coin market capitalisation is less than 500 billion dollars as compared to the forex market which is over a trillion dollars. This means that we still have a long way to go and with the libra coin more funds would be pumped into the industry both by individuals and institutional investors, it would also contribute to the mass adoption of cryptocurrency.