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Facebook's Libra Whitepaper Launches. Central Banks Already Warning Regulators. My Honest Opinion

by XRP Hodler on 931 views

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14 Comments

  4. man… you guys are delusional… Facebook has 2.5 billion users, They would be the biggest bank in the world with the amount of active users on their platform. They don't need any of these banks.

  5. Dude, if they simply only allow you to use Libra for Uber, Spotify and so on it will be forced to find adoptions! So yes it is a competitor but I don't see it as an "XRP-killer" bc XRP is a decentralized thirdparty solution for banks which Libra is clearly not.

  9. Interesting that Ripple buys into Moneygram 1 day before the launch of the FB coin. To get a secure handle on things this would be a great time for ~ Ripple to unleash and hit the switch…Turbo charge.. LIQUIDITY ..🚀

  10. Maybe holding Libra when it’s pegged to a local currency makes sense for people in the unbanked countries where it represents a 1:1 to their retrospective fiat currency

  12. I said it during Alex Cobb live stream today. This is what I said "Congress is looking to dismantle these huge tech companies and wait until congress hear about Facebook trying to corner the whole Crypto financial markets." It didn't take long did it?

  13. Libra coin can not compete with XRP because of liquidity. You can only have as many Libra as the money spent by consumers to buy it. Let’s say 2B people buy 100 Libra. You now have 200B Libra, but all of those Libra are held by those who bought it. They aren’t available for banks en’mass. There won’t be enough Libra at all to support Trillions of bank based cross border remittances. They don’t and won’t ever exist in that amount. XRP however can rise in price without a one-to-one dollar match. It has open valuation. XRP can increase in its value without increasing its amount. Libra couldn’t ever support full scale money transfers…but XRP can😉

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