Review on Libra by J. Manuel Mar H.
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.
