| json_metadata | "{"app":"musing/1.1","appTags":["facebook","libra","blockchain","musing"],"appCategory":"facebook","appTitle":"Will the Facebook Libra Crypto Currency Can Beat Bitcoin?","appBody":"<p>The controversy over the appearance of this Facbook crypto currency is over, because Libra is coming soon. It is said that this is called excavation on the Gemini exchange owned by the twins Winklevoss, Facebook's digital assets will become stablecoin which is supported by many international currencies.</p><p>Libra crypto currency is reported to be able to be transferred between Facebook products, with zero transfer fees, which would make the social media platform a unique position in the financial services sector. However, whether this crypto currency will compete with Bitcoin remains a matter of speculation.</p><p>As one of the largest social networks in the world, Facebook has a competitive advantage for companies that want to provide global financial services. The company received funding from major supporters such as Visa, Mastercard, Paypal and Uber, each of US $ 10 million, and is preparing a conglomerate to regulate its network. According to the World Bank, the money transfer industry has a value of US $ 689 billion in 2018. This remittance will be the service Facebook wants to provide.</p><p>On the other hand, one can argue that Libra targets customers who have never been targeted to be served by decentralized currencies such as Bitcoin. The adoption of Bitcoin has traditionally been broader among the black and gray markets.</p><p>The use of Bitcoin every day is still rare in most parts of the world and traders are interviewed by Mashable. Traders who accept Bitcoin as payment report that the use of Bitcoin is still rare and they have difficulty adjusting to changes in the price volatility of Bitcoin.</p>","appDepth":2,"appParentPermlink":"fk9ulhm3p","appParentAuthor":"rachman-jr25","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}" |
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