Huawei Chinese version of Libra ?

[bryant.coleman]

Who really cares about these centralized coins? For me, the no.1 advantage with Bitcoin is that it is decentralized. Any currency that is not decentralized is worth nothing for me. For example, Libra will be a centralized coin backed up by assets denominated in USD. The Huawei coin is going to be the CNY version of Libra. Now tell me why we should use these coins, when we have the option of using PayPal/Visa/Master? For me, there is hardly any difference between Libra and PayPal.

That said, the other countries (esp. China and Russia) should not allow Facebook to wield political influence in their countries. Allowing the usage if Libra in China can pose serious issues to CNY, as the latter is a heavily manipulated national currency. Libra is a digital version of USD and other countries should ban it from their territories.

[asriloni]

Huawei is a similar company like Facebok, also they had problems with losing user's datas. So probably they would develop also similar cryptocurrency.

You are thinking about that too far about huawey to create its own crypto, it's not yet even done with the problem with US ban and it's still in the progress to building its own own OS after the google ban too.
They will not think about that in short time dude.

[jostorres]

This is not strange to me, you think that governments of the nations would fold their arms and watch as Facebook control their economy, of course they would not, I already expected that right now, many countries that believe in cryptocurrency would have been warming up to start creating their own centralized coin, and this centralized coin would be regulated and imposed on their citizens which would made their eyes blind to coins like Libra, after all, Libra coin was not going to operate a decentralized technology anyway.

It is still only bitcoin that can never be compete with, except these people are willing to create a decentralized technology like that of bitcoin, but as far as they are all in for centralized, only centralized projects will suffer all these competitions.

[guydin]

Huawei is a similar company like Facebok, also they had problems with losing user's datas. So probably they would develop also similar cryptocurrency.

It might be a joke. You cannot compare Huawei and Facebook. By the way, Huawei has got problems with the USA and many other European countries. Google stopped to support it, which is probably the #1 problem. Facebook, vice versa, has the most powerful support from all leading companies. Libra will definitely have success, as for Chinese project, it might be interesting for China only.

[Febo]

Huawei is a similar company like Facebok, also they had problems with losing user's datas. So probably they would develop also similar cryptocurrency.

It might be a joke. You cannot compare Huawei and Facebook. By the way, Huawei has got problems with the USA and many other European countries. Google stopped to support it, which is probably the #1 problem. Facebook, vice versa, has the most powerful support from all leading companies. Libra will definitely have success, as for Chinese project, it might be interesting for China only.

Huawei is more like apple then like Facebook.  If anyone want a phone Librem 5 will be out in few months.  https://puri.sm/products/librem-5/   Opensource project. Just like Bitcoin or Monero in crypto. They build opensource phone and all software on it. Impossible some government put backdoors in it.  

[iTradeChips]

Well the CEO of Huawei is still informing people of a potential plan to integrate cryptocurrencies maybe into the Huawei mobile ecosystem or maybe into the very fabric of Chinese society. China has been capable of creating and implementing their own ideas and creations and perhaps they are also seeing the potential, I mean Chinese Big Business is seeing the potential of cryptocurrencies to get more profit for them. Well it will be a big hit in China, but I am doubtful if this will have an impact outside of their country.

[bigcash2011]

I like this us-china financial cold war, just because it is creating global competition and if the us-china indulge in this stablecoin war then im glad that crypto market will boom explosively.

[lixer]

Well the CEO of Huawei is still informing people of a potential plan to integrate cryptocurrencies maybe into the Huawei mobile ecosystem or maybe into the very fabric of Chinese society. China has been capable of creating and implementing their own ideas and creations and perhaps they are also seeing the potential, I mean Chinese Big Business is seeing the potential of cryptocurrencies to get more profit for them. Well it will be a big hit in China, but I am doubtful if this will have an impact outside of their country.

No, it will not be a big hit, if china decides to create a cryptocurrency now, there is no way that they can even annoyance it to the world to use, because everyone knows their attitude toward the coins that the world actually accepted, I mean bitcoin. China has quite been against bitcoin since it was created, and only its citizens that know its value has been using it, which is why majority of miners are from there.

Their coin will just be limited to their country’s payment system alone, and I already got a hint from a mate that they are working towards having one of their own crypto too. Although we have so many people that like any business that would give them Most of profit, and if china happens to create a crypto that will serve as investment, sure many people would accept it.

[dkbit98]

I like this us-china financial cold war, just because it is creating global competition and if the us-china indulge in this stablecoin war then im glad that crypto market will boom explosively.

It is open-cold-war on all fronts
Not a boring time that is for sure.

We could very soon see a bunch of digital coins in all countries in the world,
but there is only one Bitcoin...and no country owns it.

[Endikadija]

I like this us-china financial cold war, just because it is creating global competition and if the us-china indulge in this stablecoin war then im glad that crypto market will boom explosively.

That's true consider about china can issue its own crypto anytime and there is no need to wait for facebook to launch its libra coin in the market but walmart looks a little step ahead compared with facebook.
That doesn't make sense for china to release its crypto after libra ( if this will happen)

[TheClownSong]

I like this us-china financial cold war, just because it is creating global competition and if the us-china indulge in this stablecoin war then im glad that crypto market will boom explosively.

It is open-cold-war on all fronts
Not a boring time that is for sure.

We could very soon see a bunch of digital coins in all countries in the world,
but there is only one Bitcoin...and no country owns it.

I agree, since President Trump raised tax rates on Chinese commodities, the tension of the trade war has penetrated into all fields. Maybe Huawei will launch its own coin after seeing the potential in the cryptocurrency market. China is one of the largest markets and has large transactions, this makes Chinese companies want to take advantage of these transactions

[AlaEhBTC]

No offense to Chinese people but that is what they always do. If something is coming that they cannot control then they will create their own version of it. Maybe Huawei will team up with the number one social media on china to produce an imitation of the Libra coin.

[nxnqauff]

Now each and every big corporate will come up with their own crypto currency. Libra is just a starting point. Looking forward for announcement from Microsoft next.

[jostorres]

No offense to Chinese people but that is what they always do. If something is coming that they cannot control then they will create their own version of it. Maybe Huawei will team up with the number one social media on china to produce an imitation of the Libra coin.

Lol, how can they create imitation of what is yet to be working, the Libra coin itself, we are still unsure if it will be accepted or not. If they want to create their own cryptocurrency, let them go ahead, how many cryptocurrencies has been created and yet still not being used or gain any relevance more than bitcoin. Majority of them will still end up following behind bitcoin when they are released because bitcoin still suppressed them with whole lots of features and one of those features would be its decentralization.

Many people wants to operate their transaction on a decentralized system so why would they shift from a true decentralized coins to a coin that would not be decentralized, it will not be different from the usually traditional bank digital payment.

[xenomorphe1]

They are already controlling Bitcoin mining and exchanges (Binance, etc...). They don't really need a Libra. WeChat already has his own payment system.

[dkbit98]

They are already controlling Bitcoin mining and exchanges (Binance, etc...). They don't really need a Libra. WeChat already has his own payment system.

Correct.
And as we know that Chinese government is also creating their own state based digital coin,
and Huawei is very advanced with their 5G and face recognition software being installed all over the woirld,
then I am sure that Huawei will push very hard to compete with US and be the first to create their centralized coin.

[Argoo]

Huawei is a similar company like Facebok, also they had problems with losing user's datas. So probably they would develop also similar cryptocurrency.

You are thinking about that too far about huawey to create its own crypto, it's not yet even done with the problem with US ban and it's still in the progress to building its own own OS after the google ban too.
They will not think about that in short time dude.

Most likely, Huawei also will not create its own stable coin, similar to Libra. The creation of such a global coin cannot be trusted in private hands. Then, so that the global financial system is not in a fever, the government will have to support such a private company.
Recently, information has appeared that something similar could create the Chinese government. This is already more real. Moreover, China may ignore the opinion of the United States and even other states on this matter. This is important, given that this was the reason for the actual closure of the Libra project.

[Vishnu.Reang]

With the ongoing trade war between China and the United States getting worse, I don't expect China to allow Libra in its territory. The problem with Libra is that it is just a digital version of the United States Dollar. I don't think that China will allow the circulation of USD or its equivalent in its territory, as it can weaken the national currency (Chinese Yuan).

[dkbit98]

With the ongoing trade war between China and the United States getting worse, I don't expect China to allow Libra in its territory. The problem with Libra is that it is just a digital version of the United States Dollar. I don't think that China will allow the circulation of USD or its equivalent in its territory, as it can weaken the national currency (Chinese Yuan).

Yeah, there is NO WAY Libra will be allowed in China 100%.
They are using wall for all other services world is using like Youtube and Facebook... why would Libra be any different.
They have their own version of Facebook and Youtube at this moment.
The will Have their own 'Libra clone' also

[jack wira]

This is done because they want to get greater results from the cryptocurrency world and I'm sure libra will not be allowed in China because it can weaken their own currency, and if they want to create their own coins this might be a very difficult process.