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Hey everybody :)

It was in 2019 when Facebook announced its own digital currency Libra. Some have been waiting anxiously, some not.
A thorough overview of this crypto can be found here: What is Libra? (https://bit.ly/31QA0Pg)

There are also rumours that Libra will never see the light of the day. What do you think?

Cheers,
Karl
Bitcasino.io

During its launch it was the hard topic into discussion for a long. Later things slowly changed after regulatory pressure. As for now the development seems to continue with the wallet and libra token. Also now the calibra wallet which is dedicatedly developed for the purpose of libra token is developed for storing of more other cryptocurrencies.

As there is no regular update, we can expect the token to be something same as the digital payments like PayPal. No more be called a cryptocurrency.

As for the moment? Libra is dead on it's track. Maybe what they need is to reinvent themselves otherwise if they keep their original plans then regulatory bodies and anti-Facebook countries will still be hot on their trail. So there's a lot of problem in the beginning and I doubt that they can resolved or satisfied those regulatory bodies just to get the project rolling again.

Facebook has already had another replacement for libra but this project is not actually dead as the developers are still in the development progress. As far as i know there was a wallet that has already created for libra called novi.

Libra will become the next payment system especially for WA. IMO if libra is a payment channel that similar as ripple. Libra is still having the future.

Why the sudden interest?
Libra is now a money pit for Facebook if they still work on it.
Most probably it will be allowed to get live only after ECB and others will launch their own cryptos and at that point it will not be (by far) as profitable as initially estimated.

Libra has been discussed a lot in the past but I don't expect it to launch anytime soon as there are a lot of legal hurdles to them right now.
Facebook is based in the US and the United States has only one central bank that can issue money. I think Facebook won't be able to do that without the amendment of the law.

The most important supporters such as Paypal, Visa and others out from this project, I think it's a sign that Libra will never exist. Also as We know, Facebook is often mentioned has an issue in maintaining user privacy. for this reason that many regulators are against the planned launch of Libra. In my opinion, if from the beginning of making this crypto it was for their business interests only, with the privacy flaws that were obtained before, Libra we will never find except Fake coins. And based on the latest information, one of the Libra Project Co-Founder also left the project and back into the Venture Capital organization.

So far we don't know when the new Libra will be released, many have assumed that this project is already dead before it even comes out.
Personally, I think if the Libra project is launched maybe it will create a big driver for the crypto market, Facebook is a big company and they know how to advertise. If Libra were to be born, there would surely be a lot more people who knew about cryptocurrency.

I'll think that we're going with the rumors that we won't see it anymore. With all of the stoppage and blockage by their own government, there's a lot of issues that they have to face and clear first to the lawmakers.

It was intended to be the same as other centralized payment processors so there's nothing different from what we've known before. If it's about to be launched, we'll see the use case of it applied first to its very own sister platform, FB.

I am not sure the Libra has been launched by Facebook or the delay will be longer than expected. My general perception let me rethink the current situation of Libra and I doubt the project will be successful for the next 2 years. The Facebook team should be professional to find the perfect time for the launch events because timing is more important than the price of the coin. Maybe Zuckerberg will not give a big chance for this project due to the other projects by the Facebook team but who knows what will happen after 5 years? Let's live and see what is the future vision of the Libra project

Maybe Yes, As we know libra on mid 2019 have some serious concern they are have same problem with regulator Especially US and some partner if i'm not wrong was also leaving because how to Ensure AML Program if Libra was launched, Here https://www.wsj.com/articles/visa-mastercard-others-reconsider-involvement-in-facebook-s-libra-network-11569967023

But beside that there was also some rumor about Libra 2.0 (I read it on wiki) And the page was still pointing that projected to be launced 2020, Their github was still active i supoose? Check this here https://github.com/libra

Well not really sure for now but looks like Facebook still want to release the libra even there was some problem before, Let's see how it goes.

I have the feeling that it will still push thru. I don't think Zuckerberg will give up this project easily. He already vested some of his resources so I believe he's working behind the preying eyes. If nothing will happen next year, then maybe they really forget this project.

Libra will be the same as USD currency, will not help to cryptocurrency. I think we will get Libra currency in the future, maybe the development team couldn't launch in due time. But I think Libra will be launched. Although I didn't find any information about why Libra takes a huge time. Now we know why new altcoins take a huge time to launch any new coin.

If they are still pushing the codes on their Github and there have some updates still going through I think it's just a matter of time and some test from regulators until it gets proven. It has been redesigned (https://news.bitcoin.com/facebook-libra-new-cryptocurrency/) but let's see if will push through some hurdles they are facing especially to regulators.

Same as before, because regulatory pressure. but as I know they still development the system and has new comer member like Shopify.
https://libra.org/id-ID/association/?noredirect=id-ID#the_members

The story will depends on the next President Election result in the USA. If Trump wins the election and he has chances to do some other fight against China, and get success, soon he will shed a green light for Libra and Facebook to bring its online.

The future of Libra will depend on the coming political (first) and economical changes in the USA. I see Trump intends to support Facebook.

There's a lot of critics about this project even if its just a plan so maybe Facebook is still working with this one and waiting for the right moment so they can fully introduce this platform into the market.

I didn't hear any news about this yet and hopefully that Facebook is still interested with this project, the whole cryptomarket will benefit on this one even if its not bitcoin. The regulation is the big threat for Libra, I hope they can find a place to operate legally.

I do not expect much about the Libra project.  I think the market will not have a problem because the market is still running as usual, and the traders still trade on the other coins. If the Libra team is really serious about their project, they will continue working on that project while convincing their investors to support the project. If we look at the market situations, I think the Libra project still be like that because if the team is still trying to launch the project in these situations, it can be challenging for them to guard the project to survive.

It could be, but you have to remember that EU is also being hard on Facebook and Mark. We all know that he has a meeting with European Parliament 2 years ago and it didn't turn out well. Plus I believed that it Biden won the next Presidential race, he will be a total anti-crypto, so I don't know how it will benefited Mark Z there. So I would say that there is no future. If they want to enter the picture again, they should have first study the accusations against them and then make a solutions.

Wait, Libra still exists and is being developed? I thought it died long ago along with the hype. And I remember, Libra not getting some sort of approval from the regulatory body and was having problems, so they forfeited the development. Probably read it wrong.
As for what is next for libra, I don't think anything much is there. Libra is a totally centralized coin controlled by facebook. People hate centralized financial institution, isn't that why they are using crypto currencies like bitcoin? Even if it gets launched, there will be a hype for weeks and then disappear.
Curious, how is china stopping the president from approving Libra?

In 2019 there is much speculation that Libra will become the king of crypto and compete with Bitcoin. And we have entered Q4 2020, Libra has no news. Even like dying before the war, maybe now Libra is not what we expected before.

It's been a long time since I saw any new development update of LIBRA and the last thing I read was they will create their own country based stable coins to get past the regulatory issues they were facing.

Libra (as Facebook says, at least) is supposed to be launched this autumn — October, as I do remember. Although a bunch of crypto guys have already lost their keen interest to this FB coin, I am sure the launch of Libra will be the greatest even on the market.

It's been almost a year, since I last heard something from Libra huh.
I already forgot about the project and I believe the hype died that's why we aren't getting any news lately or I am just plainly wrong because a big development could've happen.
Regardless of what happens anyway, I ain't convinced to invest to it although I use Facebook, it doesn't mean I support everything that comes from it.

Nope, they are back into the action after few months here you can find the latest updates: https://libra.org/en-US/updates/

Association has been rearranged and they are trying to get the regulations right and will launch their project in few countries as first trial for sure.

I think the rumors are true because to a good number of people Libra is dead and forgotten. Seriously I can't even remember the last time I heard anything about it until today which shows more potential projects has taken the minds and interest of people. Also, I think last year or thereabouts (can't really remember) that I came across a posts showing that many of their partners has left the project, so I believe for partners to leave a project before it gets started shows that the interest is no longer there and hence the project is marked to be doomed.
Furthermore, considering the fact that hype is one of the driving force of new projects in the crypto space, Libra's hype is gone and many projects which faced this type of situation as Libra never succeeded again; therefore I think it's better focusing on other potential projects or on major coins.

There’s no news about Libra and they should make at least the announcement if they want to push this through. As far as I know, Libra is not US based but since Facebook is her mother company, the pressure is high because of the US government. I don’t know if its possible to operate outside the US so Libra can at least start their own currency and limits the usage to the US citizen.

It is hard to make a correct analysis if there is no update for months. The Libra project is delayed by devs and there is a purpose behind this, in my opinion. The basket cryptocurrency index idea is not possible nowadays, so delaying the launch event is reasonable. Zuckerberg should do something new for increasing the popularity of Libra coin, otherwise, new competitors will squeeze the Libra project in the future.
Instead of going all in like other users said here, I prefer to diversify other potential altcoins and take the profit which will be invested in the next round of another potential ICO-IEO.

At the beginning of the launch of the Libra token, so many were enthusiastic to own it.
Large companies have joined in the launch period.
Due to government regulations, Libra has been stuck until now.
Almost the whole world knew that Libra was going to be the 2nd bitcoin. Now it's just a name.

I think it was first spring of 2019 that people actually started to talk about Libra a lot. In fact in spring of 2019 the price went from something like 3.5k to as high as nearly 14k if I am not wrong when the Libra project was discussed, it created a big wave of interest only due to the fact that some unknown and small probably scammy company created USDT and saw this much interest so Libra would definitely be huge without a doubt.

However one thing is for sure, Libra is not happening right away, it never was like that in that time, but people assumed it would be different, it would be like summer of 2019 when it came out, now we know that is not like that. So, we realized it won't so the attention and interest it gets is not that big anymore these days.

;D that's quite bad though, basically the regulation wasn't friendly with the project called Libra because of their operations in the past. Currently, they're redesigning the project Libra for a single currency compared to their initial multi-currency stablecoin also, they building a better framework for Libra payment system in compliance with the regulators. Hope to see them come out of this hurdles to build a better digital currency.

I think Libra will be here but it will have to face delays and regulatory pressures like they saw initially and i expect a weak and centralized kind of coin in shape of libra coming out in 2022-23 with all access to the data provided to govt agencies and authorities. I do not expect libra to be a real, full decentralized crypto coin.

Are you dealing with some sort of SEO problem? Why are you writing stuff that has nothing to do with bitcasino.io and try to get people to read your articles there? I get that SEO is a very important thing and getting users is very important but you are already good anyway, you could just get people for being you without need for SEO this way.

About the question, Libra already hired some executives so it means it is not stopping right now, at least it is not a scraped idea just yet, doesn't mean they are never going to stop and publish it but it also means that they are trying hard to make it a reality, so that means facebook is still working on it. I assume it will happen but it will be very late like 2-3 years later at least and when it happens it is not going to be as good as people imagined.

How can you be so sure that Libra can come back 2-3 years? Did you not know that the biggest investor (Mark Zuckerberg) has left the development process, it means that there is something wrong with this platform and disagrees with Mark which ultimately makes him better off than destroying his reputation, which is currently the owner of Facebook and Instagram.

it can be said that Libra has no more development and nothing can guarantee future success.

If they know that they will have problem with regulation they should make it more friendly to the country where  they want to registered. In my own opinion it's a close door already since the people behind this idea is abandon it already and the possible customers and users of that coins  is already gone which is Facebook and Instagram users .

Libra still has many obstacles there, the regulations and government in the USA still don't seem to side with cryptocurrencies,
many projects in the USA are still not developing, or the average project from the USA is taken down by the SEC, this is what LIBRA faces there.
It may take Libra a little more time to launch.

What? Libra? I thought it was renamed to something we'd call "Novi" according to this CNBC article (https://www.cnbc.com/amp/2020/05/26/facebook-novi-is-new-name-for-libra-digital-wallet.html).
To my knowledge, it has now been made limited to Facebook's known partners to use its infrastructure in building wallet(s) after approval from their authorised personnel.

Source - https://www.nytimes.com/2020/04/16/technology/facebook-libra-cryptocurrency.html

What's next for it? Well, I hope its death is. I'm not very sure it'll recover from all the anti-campaign it has received - although it's quite interesting how so many individuals, companies and governments opposed it. Libra will be an insane privacy concern more than anything else.

Noivi seems to be just the name of the wallet - I don't think the coin has been renamed. According to The Verge (https://www.theverge.com/2020/5/26/21270437/facebook-calibra-novi-rename-digital-wallet),

First of all, you need to remember that Libra is just a stablecoin, which at first was planned to be issued with collateral with a whole basket of different currencies, and then, due to various legal circumstances, the number of these currencies became much smaller. In 2019, the emergence of Libra could and would have caused some resonance. Now, there are so many stablecoins that even Facebook's stablecoin won't matter much. Especially after the finance ministers of the member states of the European Union made a general decision not to allow the circulation of Libra on their territory if released.
Many states are now working to create national stablecoins for central banks. They should be very well received by the population, as they will be issued by their own governments and will be more credible than the stablecoins of various commercial structures. If Libra is released, it will be talked about first and it will become one of so many stablecoins.

Whatever, but the fact is what you said - that this project is not going to succeed and not even start at the first place. When Mark Suckerberg was considered a thief to have stolen the idea of Facebook from Winklevoss brothers, I don't think that this Libra project, which is meant to work by getting pegged with various national currencies and help Central authorities know our spends too frequently, is going to make any difference to our privacy needs but will only add a lot more chaos to it.

Maybe, some more good news here - https://cointelegraph.com/news/g7-will-block-libra-launch-until-regulations-in-place

I think that the Libra project can again surface for discussion and for real development after the US presidential elections. At least it is Trump who is the opponent of this project, and given the predictions of Biden's victory, Libra can get a second life.

The regulators are giving them a hard time and some of their partners left the project and i thought they left the entire plan but when i searched for that it is claimed that they are waiting for payment license from Switzerland and whether they will be able to attain that is to be seen. One thing is clear it is not easy for them to come out with Libra like they initially planned.

I think many partners leave and leave Libra because they think what has been developed is no longer suitable and do not agree that maybe differences of opinion can be a factor in destroying teamwork.

About Libra, it is still not an exact update yet. The team is probably still making their progress and also development to make many more people and parties interested again in their project. As we know that this project may be failed because so many high investors pull back their support. And the news of Libra is changing, from "wow" to something very usual.
And what we can do right now is waiting for the surprise and also development results by the team. moreover, now is the era of DeFi, Wil be they successful?

Nothing.
Libra is so hot before when FaceBook founder announces their launch but I can't remember how short they rally on the market and then gone. And after that big issue about the Libra coin, I didn't hear anything about that FB founder's next step. He probably quit crypto and have no interest to rebuilt it nor creating another coin.

I think that the same story will happen to Libra as to TON
the US government will never allow competition for its dollar
Facebook has a much larger audience than Telegram
that is why Facebook's own coin is a great danger to the dollar and the US banking system

As far as i know if libra has already approved by switzerland's regulator in the past and there were some news that have already published this news before, the condition is getting changed so hard for libra as so many the partners that have been going out from the libra's circle.
This brings the libra itself into the grey area and then facebook has announced that the new payment system as a replacement for libra. This project is not totally dead.

means that Facebook will continue the Coin Libra they made? or they have no intention of taking care of it anymore? even though at the beginning of the news that Facebook made its own coin, everyone was excited about the news

Too risky to pass it.
Besides, there is USDT out there already.
Why pass another stable coin?  ;D

I once heard Libra being talked about in a radio station.
Radio announcer trying to tell publicly that it was a good project without even a single explanation.
I don't know if she is paid or not but you don't risk people money by saying it was good without a background/fact check.
That's also the last time I've heard of it until now.

No any update news.

Cointelegraph.com: According to an October 12 report from Reuters, central bankers and finance ministers from Group of Seven (G7), said it would halt global stablecoin projects pending appropriate regulatory oversight.
So seems Libra is on hold for some more time :-\

Cheers,
Karl
Bitcasino.io

When I first heard LIBRA was going to be a big project and many were interested, because it was related to Facebook, which many people already knew, but until now there had been no progress with the project, whether this project was stopped, or was planning a bigger one.

I just meant it is not right now, it is not going to get done very quickly, I didn't mean that it will happen in 2-3 years for sure, I just meant it wouldn't be as quick as people imagined. I now realize that I may have worded it poorly, it does look like I suggested it would happen sometime soon but that wasn't what I was trying to say.

The reality is that people are still expecting it to happen and still expect it to have a facebook backing, even if not mark Zuckerberg at least some sort of connection to it because they have worked together for so long. At the end of the day it may happen in 10 years, or maybe quicker or longer, I just meant it wouldn't happen in 2020 and 2021, it would be barely 2022 if it happens and probably not even then.

There is a serious obstacle to launching Libra in the form of the US securities Commission. They don't want crypto projects to replace banks. That is why they are fined and not allowed to implement such projects. Mark Zuckerberg has serious connections in the us Congress, he may be able to overcome all the obstacles, but this will not be done quickly.

I don't find the project getting developed at the moment, they are still in the regulation process since governments apposing their project idea on most parts of the world.Probably we have to wait for years to get their project for public usage until that keep using the decentralized coins and you will never go with any centralized stable coins.

zuckerberg will not be able to reach agreement with the congressmen
the influence of large American banks there is much stronger than the influence of Facebook
bankers do not want to give Facebook a powerful leverage
 which, according to preliminary estimates, could be $ 5-10 billion in the first few years
bankers will not want to lose their influence, so Libra is doomed to failure.

Don't think that Libra is already doomed. Who knows, Zuckerberg is looking for another country to host his project? Don't think that Zuck is giving up easily on his project. He has all the means to move things and right now, we don't know what he's doing behind this stagnant project of his. Something is still happening on their Libra project. Though not creating big news but there are things on the works.

https://libra.org/en-US/updates/

https://i.ibb.co/nD43QkJ/Screen-Shot-2020-10-14-at-4-57-05-AM.png

It's been a long, I haven't head much about Libra. Or maybe I am not in touch :) I think it's way long for Facebook to get it on the ground. It will not be as easy as other projects due to its market size. Let's see how Facebook will handle it in near future.

Are you still hoping for Libra to continue the launched?
 I don't think they'll gonna procceed this time. As you know, there are still many issues throwing at that project that remains unclosed. Users data involved, etc.  But if Libra will have answers and solutions to some of the possible problems that may conflict in the future, then there is a chance that Libra project will successfully launch.

Facebook is very important both for users and for special services that use Facebook to influence other countries and collect dossiers on the people they need. This is why Mark Zuckerberg's influence in government circles is great, and I am sure that he will achieve his goals.

When it launched, many people followed libra because it was handled by famous inventor of facebook, Mark Zuckerberg. As a matter of fact, there were speculations said that it will surpass bitcoin`s popularity. However, as of now libra hasn`t yet establish its name in crypto world even it has a lot of supporters. I have no news talk about it also but I am sure that one day Libra will join the crypto world as Mark Zuckerberg is a great influencer specially when he use the social media.

At the moment, we can only suppose what the consequences might be after the launch of the Libra project. I believe that if the project could be launched, the audience of cryptocurrencies would seriously increase. People would buy Libra to pay for Facebook services, and they might be interested in learning what other cryptocurrencies exist.

Lately, I'm reading that Libra is facing huge resistance from the G7 countries. I think the main reason is that there are big fiat business behind the coin. It is interesting to watch who will win the battle.

I have no doubt that Libra would have been wildly popular. Everything is connected primarily with the name of Facebook, which has an audience of hundreds of millions of people around the world. It is a pity that the US authorities do not allow Mark to implement his project and launch Libra in life.

How far does Libra goes after its hyped in 2018? Many speculators told us that Libra gonna kill bitcoin when it hits in the market. Actually, I also convinced with its platform and of course! I waited their launched since it was promoted by Zuckerberg. However, it seems like until now Libra still struggles with their papers or legal documents. I have searched in google and it said that Libra isn`t yet available until the first half of 2020. Let us see how this centralized and regulated coin can dethrone bitcoin but for me, it is impossible. If they want to hype the market, they should convert into defi project. Just Kidding.

You must understand that it is not the fault of the Libra developers, that the project has not yet been implemented. And there is not even a problem of lack of funding. The problem is the pressure the US SEC is putting on Zuckerberg and his team. They are forbidden to implement the project because the US authorities see it as a threat to their dollar and the entire banking system.

Libra has no chance to replace Bitcoin. They can't even launch their project because of administrative obstacles. Therefore, it is too early to talk about the threat to bitcoin from Libra. It remains only to joke as you do)

Libra, even if it ever sees our world, will no longer be very popular, especially the one for which it was originally designed. Now the team will develop possible options for providing it with any one fiat currency. Therefore, Libra will no longer differ from many other existing stablecoins. Only by the fact that Zuckerberg is among the team, who in the US Senate assured that Libra will not have anything to do with Facebook.

american bankers are even more influential in the United States
they are printing dollars
and they do not want to allow even the slightest alternative to their money
facebook with its multi-million audience around the world could compete with banks
this is very dangerous for bankers

We have heard talk about Libra very often, but until now there is no definite trace.
Coinmarketcap also lists Libra coins. https://coinmarketcap.com/currencies/facebook-libra/
Maybe on some talk that Libra today is a constraint on legal regulation.
Could this be the right reason?
Libra was created by the biggest company, Facebook.
I think legal regulation issues can be included in Facebook regulations.
In my opinion, Libra doesn't originate on Facebook, it's just partners.

But is this a good thing? Does Libra deserve a place among cryptocurrencies? I'm not surprised that Libra faces strong concerns from the authorities. It's not just because it's a stablecoin and because it wants to comply with the regulations to make it all official. It's also because Facebook has been caught doing very shady privacy-wise things, and their own coin would bring this on a whole new level, making Facebook even more powerful and letting it possess way more information about their customers. So I think it would be good if Libra project is blocked by the authorities and never becomes a real thing.

It seems like Facebook has abandoned the Libra and no one is saying anything about it any longer.
They had difficulties with regulation and the rest of them, so they had a change of mind, it wasn’t just going to be a currency in itself but a wallet that would carry a few other cryptocurrencies and maybe have libra token, but after they have said that they never said any other thing and sometimes I do check their website and there haven’t been any update and some of their associations already pulled out.

The latest news now is on PayPal accepting Bitcoin, Litecoin and Ethereum from 2021, and they also have plans to some crypto firms, with BitGo on top the list.

The last thing I heard from discussions in the forum was also a regulatory problem that was an obstacle to the Libra project. I don't know what actually caused the regulatory process to take so long. but is it true, some companies also quit the Libra project which previously stated their support and became part of this project? I've read this news, but I forgot which forum.

Paypal incorporating bitcoin into their payment system may open the door for currencies such as Libra to prosper. The world is changing & digital currencies are the future.

I hope what you say is true because until now paypal is a bridge between fiat and cryptocurrency in several countries and can make it easier for many people who don't know how to buy bitcoin that is safe and comfortable, hopefully the Libra platform is successfully launched and can make the world cryptocurrency is becoming more widespread. to be honest when there is good news from paypal that can be used to make purchases of some cryptocurrency I am very happy.

Concerning now the improvement appears to proceed with the wallet and libra token. in the event that from the earliest starting point of making this crypto it was for their business advantages just, with the security imperfections that were gotten previously, Libra we will never discover with the exception of Fake coins. Also, in light of the most recent data. what we can do right presently is sitting tight for the amazement and furthermore improvement results by the group.

Paypal doesn't have its own cryptocurrency yet, and that's a different case with Libra,
Paypal is like a wallet, and Libra is a platform that is Facebook, I'm sure if Paypal makes its own cryptocurrency,
things that will be found are the same difficulties as Facebook when launching Libra , and the SEC is against that.

I think its the same deal as with Telegram's ton - both are closed and won't be alive anytime soon
Perhaps, other project could buy libra from facebook

No one was talking about it from the very start of the project. Libra is another crypto, the one, which will be offered for the FB and Instagram users to let them do their payments easily. However, many countries really do not like the idea of this Facebook coin.