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November 07, 2019, 04:39:06 PM |
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Libra could definitely shake some things up but I really doubt it would hinder cryptocurrency in anyway. By Intergrating a stable coin based cryptocurrency on to its platform, a mass adoption of cryptocurrencies might occur. All of these new people who have never before knew or rather experienced what Blockchain is or how Bitcoin works, could now potentially be educated on a large scale being that Facebook and it's partnerships like Instagram and WhatsApp altogether reach a generally global audience.
If Libra is currently being scrutinized by Congress, it's a good and a bad thing. It raises the awareness of crypto going mainstream but at the same time puts a lot of regulatory pressure on the scene being institutional investors are getting involved.
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