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<p>[QUOTE="midas1, post: 3579399, member: 21309"]I believe it's significantly different from the current crop of cryptocurrencies -</p><p>From the Economist:</p><p>". . . The Libra’s value will be pegged to a basket of major currencies, it will be able to handle large transaction volumes and 28 other big firms say they will join a consortium backing the currency. If Facebook’s 2.4bn users adopt Libra to shop and transfer money, it could become one of the world’s biggest financial entities. That would herald a consumer revolution—but could also make the financial system less stable and reduce governments’ economic sovereignty. . . "</p><p><br /></p><p>Many countries and companies have been wanting to get away from the US dollar as the international currency of record. The Libra might be just what they've looking for.[/QUOTE]</p><p><br /></p>
[QUOTE="midas1, post: 3579399, member: 21309"]I believe it's significantly different from the current crop of cryptocurrencies - From the Economist: ". . . The Libra’s value will be pegged to a basket of major currencies, it will be able to handle large transaction volumes and 28 other big firms say they will join a consortium backing the currency. If Facebook’s 2.4bn users adopt Libra to shop and transfer money, it could become one of the world’s biggest financial entities. That would herald a consumer revolution—but could also make the financial system less stable and reduce governments’ economic sovereignty. . . " Many countries and companies have been wanting to get away from the US dollar as the international currency of record. The Libra might be just what they've looking for.[/QUOTE]
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