Header banner
Revain logoHome Page
J. Manuel Mar H. photo
Tampico
1 Level
5 Review
-1.75 Karma

Review on Libra by J. Manuel Mar H.

Revainrating 3 out of 5

My opinion to Libra

The idea was interesting because it made it possible to send money via Messenger, WhatsApp in a fast way, perhaps it would have been well received, but from the point of view of freedom it was like creating a private Bitcoin, controlled by a company (or a conglomerate of them ).
Libra is backed by a set of companies that provide material support (money, property or other assets), which makes it a stable cryptocurrency (stablecoin), but unlike BTC or other currencies here if there are a number of companies after it, which suggests that there could be a certain lack of neutrality.



Pros
  • Being part of the Facebook network could have good coverage / adoption.
  • Ease of sending money.
  • Ease of receiving it.
Cons
  • Controlled the whole system by Facebook and that's not a good idea
  • A closed system, in imitation of BTC but proprietary.

Similar reviews