>The Wall Street Journal, citing unnamed sources, believes Facebook Coin has all but moved forward. Something like a stablecoin, it will be pegged to “a basket of government-issued currencies,” with a dozen or so “financial firms and e-commerce companies [investing] around $10 million each in a consortium that will govern the digital coin,” which include the likes of Visa, Mastercard, PayPal, Uber, Stripe Inc., Booking.com and MercadoLibre Inc. CoinSpice recaps the project’s journey thus far.
>Most are sure it will be a stablecoin, as the notorious swings of cryptocurrency markets have been a continual bugaboo for institutional finance getting more involved. The project is named Libra, and “revolves around a digital coin that its users could send to each other and use to make purchases both on Facebook and across the internet,” the Journal explained. Facebook has remained silent officially.
>Bitcoin (BTC) as a project has failed to gain mass adoption many hoped for it by now, a full decade-on. Some blame high fees, slow transaction times, price volatility, toxicity as reasons for the snail’s pace. Others simply believe the regulatory hurdles and lack of infrastructure doom BTC altogether. And press accounts about linking cryptocurrency to money laundering and terrorism haven’t helped its public relations image.
Guys, it's been a pleasure
Gavin Ramirez
Kevin Phillips
hey guys im new, how do i buy libra?
Austin Walker
>toxicity
Caleb Morris
You let Zuck peg you in the ass
Nathaniel Rogers
Good, fuck you, you all deserve it.
Zachary Ward
Luis Evans
How the fuck has bitcoin not gained adoption? From literal pennies to 20k ath that seems pretty fucking adoted to me. Revolutions take time too, this is like FUD'ing IBM for only being able to do simple math problems with a machine in 1947
Adrian Gutierrez
>mass adoption
Heeeeeeeeeey i’ll Take it
Owen Ross
magic cards are selling for thousands too, that does not mean adoption
Aaron Adams