December 31, 2019 by Clementine
Interviewed on the broadcaster in switzerland SRF, the swiss president, Ueli Maurer, has openly argued that the current form of the crypto-currency of Facebook, the Libra, can result only in failure.
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The project is already on a bad posture
According to Maurer, the chances of success of the project Libra are very thin. These remarks are based on the argument of size, according to which the foreign exchange trustees intended to index the stablecoin are not recognized by the national central banks.
He said :
“The project in this form has in fact failed “.
One could then expect that the giant of social media down permanently the arm, like that of his close collaborators of yesteryear, including Visa, Mastercard, PayPal, who had abandoned the Libra Association earlier in the month of October of this year.
The founder and CEO of Facebook, Mark Zuckerberg have in effect argued before the u.s. lawmakers that his company would consider leaving the Libra Association, if the project is unable to obtain the approval of the us regulators.
A not leisurely to pursue its development ?
Realities, however, contradict the pessimism of the president to switzerland, because the project continues to pursue its current activities and has no signs of degeneration.
For proof, last week, the project has prepared a second road map, which stipulates the program for its launch on the main network, which will be effective for the year 2020.
Do you think also that the draft of the crypto-currency of Facebook is going to be a failure ? Let us know your thoughts in the comment section below.
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Clementine
Passionate about the universe geek, Clementine finds the news more interesting and involved in their drafting.