Facebook Libra finally launching?

[digifinex.official]

https://cointelegraph.com/news/facebook-s-libra-to-reportedly-launch-in-january-2021-as-usd-stablecoin

"Following more than a year of scrutiny from global financial regulators, Libra will launch in a form of a United States dollar-backed digital currency, the Financial Times reported on Nov. 27"

[viananda2525]

Is this true? Seems new president is likely to support the cryptocurrency ( stable coin).

But we need to wait until they really launch their project because this happens all of a sudden after a long hold.

based on article above looks like it will realized. but unfortunately why its as stable coins ? not as another coins that its value could rise several times from initial price. personally when read it ,my sense interest decrease alot . investment will not give huge return if as stable coin, meanwhile libra coin have bigger potency than just it.

[NewRanger]

Is this true? Seems new president is likely to support the cryptocurrency ( stable coin).

But we need to wait until they really launch their project because this happens all of a sudden after a long hold.

based on article above looks like it will realized. but unfortunately why its as stable coins ? not as another coins that its value could rise several times from initial price. personally when read it ,my sense interest decrease alot . investment will not give huge return if as stable coin, meanwhile libra coin have bigger potency than just it.

its true, investors more interested on coins that could give them huge profit. stable coin almost have no potential gain from its volatility and very different with other coin or token that have huge volatility so we could take opportunity from it. but as investors we should look from one side only, imagine its impact to crypto market when facebook finally realized their project. trust to crypto market will growth alot , and i am sure another giant company will do the same with facebook later. investors have strong confidence to buy more cryptocurrency and ofcourse price will move parallel with its confidence.

[coin-investor]

https://cointelegraph.com/news/facebook-s-libra-to-reportedly-launch-in-january-2021-as-usd-stablecoin

"Following more than a year of scrutiny from global financial regulators, Libra will launch in a form of a United States dollar-backed digital currency, the Financial Times reported on Nov. 27"

This is good news

The Libra Association did not immediately respond to Cointelegraph’s request for further information.

It seems they are still planning something and they are going to announce it at the right time. last year Libra made big headlines but unfortunately, it did not push through, this is the reason PayPal decides to go on its own, now that they have HSBC legal chief Stuart Levey as chief executive, the project will now push through.

[20kevin20]

I wonder how much support it's gonna get. This honestly seems like a rush in desperation after PayPal announced their crypto thing.

I'd say Libra's gotten too much hate in the past to be successful, but unfortunately too many people get fooled so easily by anything these days. I just wish it's going to be a failed attempt. We do not need a privately-controlled centralized currency. That's exactly what I am trying to avoid.

[Jating]

There was a lot of speculation about the new Libra in the media lately. It will still be pegged to 1:1 to USD, so it will be stable coin. However, I still think it will still face a lot of regulatory backlash again, similar to what they have plans back in June 2019.

So I don't know if they can push it next year without any hiccups. They already have a history specially in EU, so again, it will be difficult battle for him in the US and other parts of the globe. They will have to answer again and I'm sure financial regulatory will give them a lot of problems so I doubt that it will be launch.

[kindbtc]

https://cointelegraph.com/news/facebook-s-libra-to-reportedly-launch-in-january-2021-as-usd-stablecoin

"Following more than a year of scrutiny from global financial regulators, Libra will launch in a form of a United States dollar-backed digital currency, the Financial Times reported on Nov. 27"

So finally it is launching as centralized and controlled usd backed official coin, it was always expected that govt will take over the project and that is why there was so much buzz around it now my excitement for libra as global decentralized coin is over.

[profullstack]

taxes. all i can say that will keep me away from it.

[WalkerIVIV]

https://cointelegraph.com/news/facebook-s-libra-to-reportedly-launch-in-january-2021-as-usd-stablecoin

"Following more than a year of scrutiny from global financial regulators, Libra will launch in a form of a United States dollar-backed digital currency, the Financial Times reported on Nov. 27"

So finally it is launching as centralized and controlled usd backed official coin, it was always expected that govt will take over the project and that is why there was so much buzz around it now my excitement for libra as global decentralized coin is over.

Im not sure that libra has already taken by the government. FINMA gives no comment about that. That means libra is not even controlling by the government but it's likely that libra will be fully controlled by the facebook. There are some parties have developed the unique wallet for the libra stable coin.
It's a very interesting news. We should be waiting for the further announcement.

[Tervelatuk]

Is this true? Seems new president is likely to support the cryptocurrency ( stable coin).

But we need to wait until they really launch their project because this happens all of a sudden after a long hold.

based on article above looks like it will realized. but unfortunately why its as stable coins ? not as another coins that its value could rise several times from initial price. personally when read it ,my sense interest decrease alot . investment will not give huge return if as stable coin, meanwhile libra coin have bigger potency than just it.

its true, investors more interested on coins that could give them huge profit. stable coin almost have no potential gain from its volatility and very different with other coin or token that have huge volatility so we could take opportunity from it. but as investors we should look from one side only, imagine its impact to crypto market when facebook finally realized their project. trust to crypto market will growth alot , and i am sure another giant company will do the same with facebook later. investors have strong confidence to buy more cryptocurrency and ofcourse price will move parallel with its confidence.

by joining facebook ar cryptocurrency market , it represent this market has high trust score and also huge future. with facebook or libra  developtment , many company will understand how important blockchain technology in their system and they will developt their own blockchain then applied in system so could minimize all cost operational in company.

[boty]

i am waiting SEC response about this facebook plan, will they investigate and finally ban facebook plan like previous action or maybe allowed it. its very interesting because it will fundamental key for crypto market movement. investors will focus on this news till they release official announcement. another giant company waiting too as their step to developt their own blockchain for their ecosystem.

[istiak2277]

https://cointelegraph.com/news/facebook-s-libra-to-reportedly-launch-in-january-2021-as-usd-stablecoin

"Following more than a year of scrutiny from global financial regulators, Libra will launch in a form of a United States dollar-backed digital currency, the Financial Times reported on Nov. 27"

Then it will be more like a stable coin? I do not think investors like to invest in any stable coin because it doesn't offer any profit for investment. It's essential for the time of inflation only. But it's good to know that Libra is not fully dead and it looks like the president of the United States has a plan for crypto currency and he is using Libra to do that.

[Jeger.Kiting]

https://cointelegraph.com/news/facebook-s-libra-to-reportedly-launch-in-january-2021-as-usd-stablecoin

"Following more than a year of scrutiny from global financial regulators, Libra will launch in a form of a United States dollar-backed digital currency, the Financial Times reported on Nov. 27"

If this news is true then their decision is very good to launch the Libra token, because what we know is that at this time all exchanges have started to stabilize, and now it is very good to promote Libra coins to all Cryptocurrency communities, hopefully this news is true ..

[(o)(o)ilikeboobs(o)(o)]

Before the actions of governments to bring national digital money into the payment system, America will not sit idly by to watch the piece of cake taken away easily. They have all the conditions for developing a new cryptocurrency. Libra will help America compete in this race. While issuing the Libra cryptocurrency will be difficult, it will happen regardless of whether or not the SEC makes it difficult. That is the evolution of money, and there's no doubt that Libra will be launched.

[X-ray]

i am waiting SEC response about this facebook plan, will they investigate and finally ban facebook plan like previous action or maybe allowed it. its very interesting because it will fundamental key for crypto market movement. investors will focus on this news till they release official announcement. another giant company waiting too as their step to developt their own blockchain for their ecosystem.

I don't even think SEC will take an action to prevent this as the libra will be launched on swiss. If FINMA has given the permission for the facebook to launch its stable coin and SEC can do nothing consider it was getting operated outside of US territory. You should read the news again and cointelegraph was asking finma about that but no answer came from finma.

[Arkann]

i am waiting SEC response about this facebook plan, will they investigate and finally ban facebook plan like previous action or maybe allowed it. its very interesting because it will fundamental key for crypto market movement. investors will focus on this news till they release official announcement. another giant company waiting too as their step to developt their own blockchain for their ecosystem.

I don't even think SEC will take an action to prevent this as the libra will be launched on swiss. If FINMA has given the permission for the facebook to launch its stable coin and SEC can do nothing consider it was getting operated outside of US territory. You should read the news again and cointelegraph was asking finma about that but no answer came from finma.

Earlier, there was information that American structures that fought against terrorism and money laundering, forced Swiss banks not to provide services to clients who demanded anonymity and confidentiality. If they managed to influence the current situation in the field of banking services, then would they not be able to find opportunities to influence this in the case of Libra?

[Wenbing]

https://cointelegraph.com/news/facebook-s-libra-to-reportedly-launch-in-january-2021-as-usd-stablecoin

"Following more than a year of scrutiny from global financial regulators, Libra will launch in a form of a United States dollar-backed digital currency, the Financial Times reported on Nov. 27"

I can confidently speculate that crypto will soon dominate the world with libra. This will be true due to the Facebook users, adoption wont be a problem. To buy ad, all you need do is to use libra.

well, lets see how their project will play out.

[mindrust]

Why don't Facebook apply for traditional banking licences if they want to do traditional banking so much because all libra boils down to is "traditional banking".

They can already add fbcoin wallets to every fb user without needing crypto. Nobody's stopping them.

I don't understand what's their aim.

[tvplus006]

The fact that Libra will be launched will be a significant event that will be even more important for the promotion of cryptocurrency in everyday use than the ability to pay for goods with cryptocurrency to PayPal customers. Obviously, you will need to pass verification in order to use Libra for payment.

[Sterbens]

the question is, will Libra's presence be a middleman among the cryptocurrency crowd today?
Libra continues to champion this plan and continues to pursue ways to be recognized as part of the decentralized cryptocurrency.
we all know opposition to Libra's presence seems to be steadily quenching. ended in 2019, and is now reappearing either with a new concept, or still with old goals.

I'm still waiting for how the crypto world will react to Libra's arrival.