Facebook Libra Cryiptocurrency Presentation Due Today, What To Expect?

In the last few weeks there has been a lot of talk about Mark Zuckemberg’s Facebook Libra Cryptocurrency Presentation, but what exactly does it consist of?

The Social Networks giant Facebook Inc. has decided to reveal to the world about its project for a new cryptocurrency.

It will be possible to use it for exchanges and purchases within the Zuckemberg platforms. But the fear behind exists. Although it is a ‘Stablecoin’ and not a mere speculative currency, there are still many questions behind this idea.

The main purpose is clear to everybody: a new crypto to raise even higher walls around his castle. Main problem is the risks involve, just think of the oscillations that Bitcoin accustomed us to seeing.

Another alarm comes from antitrust, the operation could lead to non-traceable transactions in an environment where even teens can access.

Instability, uncertainty, confusion, this should be the market’s response to this kind of news, so why did American shareholders react well to the Facebook Libra Cryptocurrency Presentation?

To understand why, just turn around, the answer in this case lies in the past. For the public this represents a second chance. Anyone who has missed the opportunity with Bitcoins, Ethereum or Litecoin now cannot fail to see a bright future for the title.

Among the mentioned commercial partners we see big brands: eBay Inc., Farfetch Ltd., Spotify Technology SA, Uber Technologies Inc. and Vodafone Group Plc. They announced no big name in the financial sector yet, although the possibility that it will be released today during the presentation does not seem remote.

Zuckemberg already boasts a very large audience to launch this product, with Facebook, WhatsApp and Instagram counting about 2.6 billion users.

Facebook has declared that it will favor all partners and will be available to them in open-source format, although the main market will be Facebook itself.

In addition, Barclays anticipated the possibility of a further economic return of nearly $ 19 billion in 2021 if the currency were to take hold.

In today’s presentation we will be able to have more details about it and even if you don’t want to cut an idea before birth, Facebook has not done so much to gain our trust in recent years.

If you would like to read more about Nasdaq projections click here.

by
June 18, 2019
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