In mid-June, Facebook in cahoots with 28 partners in the financial and tech sectors announced plans to introduce Libra, a blockchain-based virtual currency.
The worlds governments and central banks reacted quickly with calls for investigation and regulation. Their concerns are quite understandable, but unfortunately already addressed in Libras planned structure.
The problem for governments and central banks:
A new currency with no built-in respect for political borders, and with a preexisting global user base of 2.4 billion Facebook users in nearly every country on Earth, could seriously disrupt the control those institutions exercise over our finances and our lives.
The accommodation Facebook is already making to those concerns:
Libra is envisaged as a stablecoin, backed by the currencies and debt instruments of those governments and central banks themselves and administered through a permissioned blockchain ledger by equally centralized institutions (Facebook itself, Visa, Mastercard, et al.).
Read more :
https://paperblockchain.com/facebooks-libra-isnt-a-cryptocurrency/No, i think we still can said that Libra would be a better choice to get in, also should be one of the option if you wanna to get some short profit. Just take the advantages with this kind of the news. Bitcoin, Ethereum and some great coin just greening and also Libra got some hype. If i have more free time, i will use it to get some Libra.