When you can’t beat them you join them - Libra Coin Story

[Juggy777]

I hope everyone is aware of the Libra coin that is going to be launched by Facebook, and I’m sure you’ll also remember that they were facing lots of regulatory hurdle in getting approval for it. However now it seems that they have managed to find a way to get approval for it by allowing governments fiat alongside the Libra coin, and in my personal opinion this will eliminate the hype surrounding the Libra coin. What are your views on it will this move by Facebook backfire on them, because if people can access fiat through Facebook’s wallets why will they opt for Libra coin?.

Source:

https://www.theverge.com/2020/3/3/21163658/facebook-libra-cryptocurrency-token-ditching-plans-calibra-wallet-delay

https://www.reuters.com/article/us-imf-worldbank-facebook/facebooks-libra-cryptocurrency-faces-new-hurdle-from-g7-nations-idUSKBN1WW33B

https://blockpublisher.com/facebook-crypto-woes-persists-libra-facing-regulatory-hurdles/

[Greatchu]

Libra coin will be ignored and the Fiat will be very well welcome, it's a stupid move entirely, the only thing left will be to start using Libra coin to trade just like how traders use USDT as trading pair with other coins, Libra coin shouldn't be stable coin in the first place, blaah