Libra (or the Announced Failure of a Pseudo-cryptocurrency)

Written by thexp | Published 2019/10/26
Tech Story Tags: libra | facebook-libra | cryptocurrency | stablecoin | facebook-calibra-wallet | facebook | facebook-crypto | latest-tech-stories

TLDR Facebook launched its cryptocurrency, Libra, on June 18th, along with a white paper and an impressive graphics listing 30 "heavyweight" partners in their respective industries. With Paypal withdrawn and Visa and Mastercard soon to follow suit, the death knell has sounded for Libra. Here’s an analysis of what happened in just 4 months. The launch party took place just one year after the Cambridge Analytica scandal, revealed in March 2018, and which resulted in (among other negative consequences) Zuckerberg being summoned to appear before Congress.via the TL;DR App

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Written by thexp | Author, fund manager, medias owner: all that focused on blockchain, crypto, NFT, web3, AI, Quantum computing and more...
Published by HackerNoon on 2019/10/26