RE: Will Libra Help Steem, or Hurt it?

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Will Libra Help Steem, or Hurt it?

in steem •  6 years ago 

Facebook announcement will drive massive adoption. Governments will be concerned, since FB could be bigger than any nation!!! I think central banks will work with companies to adopt these technologies. FB proposed a stable coin backed by FIAT. This in many ways different that the crypto eco system. Think of it as a block chain technology applied to facilitate cheaper transactions aka a facilitator for fast transaction of FIATs.. If the idea is constrained within these boundaries, central bankers will be on-board

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I might be wrong but "block chain technology applied to facilitate cheaper transactions" I think is part of the parcel with this one. And with the partners involved, paying for goods and services is on the way but by the looks of things, bypassing banks. the next year will be interesting for sure