When Facebook first announced it was getting into the crypto business—with a basically unregulated currency called Libra—the reaction from Wall Street and government bankers was about as expected. Fast-foward a few months, and Libra is in trouble. The social media giant had lined up a long list of corporate backers for the initiative, including major players in the payments space. And in October 2019, several prominent backers began to back out. Here’s how Facebook’s crypto future got into serious trouble.
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Francisco Gimeno - BC Analyst Libra has started a huge debate about crypto, fintech, control of global economy, even if we believe is not a viable programme as it is now. Zuckerberg is a supporter of global connectivity. Libra, or any global payment system coming is about that in the first place. The global disruption to the thread of society itself which a massively accepted digital global payment system beyond the fiat money is part of the 4th IR. Somewhere in time more and better thought projects will come which are acceptable for all.