|
ganeshramk
|
 |
October 04, 2019, 06:39:29 AM |
|
There are lots of news floating off late against Libra. This is really a good sign. However, each and every big companies in the world is going to come up with something similar. How can this be prevented?
|
|
|
|
|
|
|
|
|
|
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
Samboo
Member
 Offline
Activity: 434
Merit: 10
www.thegeomadao.com
|
|
October 04, 2019, 06:56:17 AM |
|
If this article has any ground to believe, Paypal leaving Facebook's ambitious project called Libra may strike a blow to the entire Libra team. Libra from its very beginning has been facing resistance from many quarters and regulators. Libra team must take this issue seriously to ensure Libra will be brought into operation on time.
|
|
|
|
|
Kupid002
|
|
October 04, 2019, 07:00:42 AM |
|
There are lots of news floating off late against Libra. This is really a good sign. However, each and every big companies in the world is going to come up with something similar. How can this be prevented?
This is normal every bussinesses in the world want to try this new technology since it is more easier to transfer money than fiat. But before making that they need to make a solution how they will make it more secured since this is prone in hacking and just a little mistake everything will be gone. |
|
|
|
|
Jating
|
|
October 04, 2019, 07:08:56 AM |
|
I'm not surprised if Paypal did leave Libra at this point. They already established their names in the industry, and associating with Libra with so many accusations might put Paypal in jeopardy. They themselves went through a lot of ups and downs but they keep their name intact and trusted. If being associated with a shady project like this, it will put a damp on their reputation. Would it be the precursor of termination of Libra before even launching. What are your thoughts on the future of Libra? Would it even see the light?
Libra will go on production, they have all the means to push it even if there are so many backlash from countries around the world. But I don't think they will be successful in the long run though. |
|
|
|
|
magneto
|
|
October 04, 2019, 07:18:51 AM |
|
It didn't really make sense for paypal to participate in the first place - the product that they offer will be in direct competition of what Libra is offering to the masses, so what's the point of allowing a direct competitor to flourish instead of potentially launching their own product along the same lines? But again, this shows the incredible fragility of a centralised project. All vested parties need to stay committed in order for a project to truly be successful. It also needs to co-operation of legislators to ensure that no negative regulations are imposed against it, which is an issue I think Libra also has to deal with on top of figuring out who's still in on the deal. |
|
|
|
|
|
Free1bitco.in
|
|
October 04, 2019, 07:52:52 AM |
|
I had guessed this before. PayPal is strong support for the development of libra, and PayPal is a service that is recognized throughout the world. unfortunately, libra does not get support throughout the world. some of the news that I got even said that some countries like Germany challenged it because this really can have a strong effect on the financial development of a country, even Fiat. Libra got so many obstacles before it was launched. PayPal is a huge support, and influential. if this is true, it would be a substantial loss for libra. I even got an article that MasterCard, Visa, and others also reconsidered their involvement in Libra. Here's the link |
|
|
|
|
suryana
Sr. Member
Offline
Activity: 1218
Merit: 254
Trphy.io
|
|
October 04, 2019, 08:06:48 AM |
|
Maybe this is the beginning of the decline from Libra project, Paypal is the largest company supporting the Libra project, if then they turn around then it is a major blow to the Libra project. It's a pity if this happens, die before birth.
|
|
|
|
|
Bim abk
|
|
October 04, 2019, 08:17:55 AM |
|
Maybe this is the beginning of the decline from Libra project, Paypal is the largest company supporting the Libra project, if then they turn around then it is a major blow to the Libra project. It's a pity if this happens, die before birth.
yes that's right, this is not a good thing because large companies like paypal that previously worked together but now paypal is no longer a part. Libra is more and more talked about even though they haven't appeared fully. I think this is bad news for Libra. but a company as big as libra I believe have a way back to find trust from other places |
|
|
|
|
|
Kupid002
|
|
October 04, 2019, 08:20:18 AM |
|
Maybe this is the beginning of the decline from Libra project, Paypal is the largest company supporting the Libra project, if then they turn around then it is a major blow to the Libra project. It's a pity if this happens, die before birth.
It will not decline since its not yet started. Paypal is not largest but one of the top partners of libra . Even without paypal partnership they can still continue since they have enough big company partners. |
|
|
|
|
ivakar
|
|
October 04, 2019, 08:28:31 AM |
|
yeap, agree here. if this is true and not the regular rumours or fake, that is the end of the Libra. I think, that Libra project received a lot of criticism from officials and that is the reason other players will go apart or seize their support for Libra.. maybe the world is not ready to ban fiat or it is decided that such power should not be controlled by facebook |
|
|
|
|
|
aioc
|
|
October 04, 2019, 08:37:08 AM |
|
If the majority of their founders or members of the group will leave LibraCoin, then there's a big possibility that yes they are not going to push through with the launching, they are starting the launching with a bad reputation, and they might think of stopping or delaying the launching and just build their reputation first. |
|
|
|
|
Thanasis
|
|
October 04, 2019, 08:41:45 AM |
|
Still there is no assurance for the libra project to be launched since many sides opposing their cryptos but US allowed them with strict restrictions so they may launch their cryptos in certain regions with different regulations for usage based on the local jurdsdiction laws so libra is not going to be a big threat for bitcoin nor to the current fiat money system. |
|
|
|
|
DaMut
|
|
October 04, 2019, 09:26:11 AM |
|
Probably this is just a speculation. You know how articles and social media created some speculative approach in dragging some fud on few projects which right now we are seeing lots ogbissue on Libra Project. I am not sure how long this will be the ongoing conversation but as long we are far from release of Libra we can see a lots of this, and not only PayPal will be drag like this.
Libra faces regulation issues, as one of the biggest payment points in the world. Engaging their company with this kind of project will result in distrust, not only Paypal. Mastercard, Visa, and Stripe are considering this too. Obviously, this is not just a speculation based on rumor on the Internet, they have a reason to do that considering how bad Libra is dealing with the regulation. here another news about Mastercard, Visa, and Stripe https://www.independent.co.uk/life-style/gadgets-and-tech/news/facebook-libra-cryptocurrency-visa-mastercard-a9129141.html |
|
|
|
|
judeafante
|
|
October 04, 2019, 10:14:56 AM |
|
This is a good episode to follow we will now see if many more partners are leaving the partners, there's been so many issues and problems going on against Libra but I never doubt that it will push through, so many efforts and money have been pour into project that many experts are considered one of the biggest, but still up to them if they can take up the challenge. |
| .
SECONDLIVE | | | │ | | | | | | │ | | | ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ S T A K E L I T T L E W I N B I G ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▄▄███████▄▄▄
▄▄████████████████▄▄
██████████████████████▄
████████▀▀▀██████████████
███████▌ ▀█████████████
████████▀ ▀▀▄▄██▀▀▀██████████
███████ ▀████████
███████▄ ████████
████████▄▄ ▄████████
███████████▄▄▄▄██████████
▀█████████████████████▀
▀████████████████▀▀
██████████████████████ |
|
|
|
|
X-ray
|
|
October 04, 2019, 10:21:37 AM |
|
That's to be expected, Imagine you are investing into a project but got stuck because of so many things including the regulation backlash also so many people seems to be pessimistic towards facebook in the recent case of privacy violation.
If the path is already this muddy it's better to withdraw, the action of paypal is definitely understandable also mastercard and visa which rumoured to be withdrawing aswell.
For the people that might think it will affect cryptocurrency greatly, it will not. Simply because Libra is basically a stablecoin.
|
| ..Stake.com.. | | | ▄████████████████████████████████████▄
██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄
██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████
██ ██████████ ██ ██ ██████████ ██ ▀██▀
██ ██ ██ ██████ ██ ██ ██ ██ ██
██ ██████ ██ █████ ███ ██████ ██ ████▄ ██
██ █████ ███ ████ ████ █████ ███ ████████
██ ████ ████ ██████████ ████ ████ ████▀
██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
██ ▀▀▀▀▀▀▀▀▀▀ ██
▀█████████▀ ▄████████████▄ ▀█████████▀
▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄
██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█ ▄▀▄ █▀▀█▀▄▄
█ █▀█ █ ▐ ▐▌
█ ▄██▄ █ ▌ █
█ ▄██████▄ █ ▌ ▐▌
█ ██████████ █ ▐ █
█ ▐██████████▌ █ ▐ ▐▌
█ ▀▀██████▀▀ █ ▌ █
█ ▄▄▄██▄▄▄ █ ▌▐▌
█ █▐ █
█ █▐▐▌
█ █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀ ▐█▌ ▀█▄
██ ▐█▌ ██
████▄ ▄█████▄ ▄████
████████▄███████████▄████████
███▀ █████████████ ▀███
██ ███████████ ██
▀█▄ █████████ ▄█▀
▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀
▀███████ ███████▀
▀█████▄ ▄█████▀
▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
|
CHRISBIN702
|
|
October 04, 2019, 10:24:39 AM |
|
F'k Paypal. That company is at the center of a cesspool of scammers. Libra doesn't need them. If Paypal leaves that NWO group they can kiss their own asses goodbye. I don't love Libra but I respect that they are opposing the governments with a big fat middle finger. Gotta respect that.
|
Not for sale.........
Why, how much you got?
|
|
|
|
Emperor of Man
|
|
October 04, 2019, 10:35:10 AM |
|
I think it's because the US government has shown a hostile attitude towards libra, with trump's tweet about USD being better and all that. Paypal and other centralized organizations are afraid and don't want to stand against more powerful authorities.
The decentralized world needs to fight for a long time, and it wouldn't be an easy fight.
|
|
|
|
|
|
cryptothreads
|
|
October 04, 2019, 10:56:18 AM |
|
yeap, agree here. if this is true and not the regular rumours or fake, that is the end of the Libra. I think, that Libra project received a lot of criticism from officials and that is the reason other players will go apart or seize their support for Libra.. maybe the world is not ready to ban fiat or it is decided that such power should not be controlled by facebook I think that if this project is successful then other companies will also start this idea so most governments don't support and the law wants the project to be canceled. In my opinion, Paypal leaving this project is because they feel insecure and can create a huge hole in the current economy. Now we cannot be sure whether this project will work or not, but recent news has always been against Libra so it will be very difficult to succeed. I personally do not want Libra to enter this market because this project will probably affect a lot of investors and the crypto market does not need a new stablecoin because we now have USDT. |
|
|
|
|
|
kram31
|
|
October 04, 2019, 10:58:29 AM |
|
There will be more problems to come in LIBRA project until they launch it.
This exit of paypal will not affect big on the project as there will be more to come.
We should wait more for this, LIBRA is on a big hype now!
|
|
|
|
|
|
akirasendo17
|
|
October 04, 2019, 11:02:21 AM |
|
It might happen because libra is under fire still, maybe the government want to do something with libra to avoid something or a disaster because libra is not a small time, it is compose of large company that is going to take advantages of it when it launch, everyone see it coming and there is going to be a big impact in the business all over the world this is not a simple thing , specially when they have all the data and information of people almost all over the world |
|
|
|
|
