First, those companies are only working on their coins, but they haven't launched them, and it's not yet clear if they will ever be, because there's regulatory uncertainty whether the governments will allow them to launch their coins. It all also might just turn out to be a failed experiment. Banks aren't going to massively switch to coins, traditional electronic banking is still very strong.
The other thing is that those coins are completely centralized, they are not true cryptocurrencies, so they shouldn't be compared to Bitcoin or viewed as its competitors.
hahaha, if gov could control if anyone is launching a coin ... It is for sure 100% that sooner or latter we will see a Facebook coin and expanding...
I dont like LIBRA, But it will make BTC gain atention
Bitcoin doesn't have similarities with coins you mentuoned. Still they are all part of crypto family. With time whole are of cryptocurrencies and the market will become more regulated and that is inevitable. That is also condition for better adoption especially by businesses.
Also banks will get more involved with cryptocurrencies and they will begin to offer crypto related services and that is not distant future.
I speck mayor discounts and bonuses when Libra comes the way.
All I can say is that we are under an open market therefore anybody including big financial and banking institutions can use the blockchain technology to come up with their own coins or tokens. Basically, I can see nothing wrong with this development so let's just allow the market to take its course someday we can see which of them will be successful and which happened to just went kaput. In fact, I am considering this as exciting times when companies and organizations are experimenting with different options they got at hand...at the end I am sure the consumers will be the ultimate winners with this trend.
Depends, if we lose on anonimity and control over our cryptos we not winning much...
this is Way Libra is BS at all...But it will make a ++ impact in crypto ...probably :S
